Business Daily from THE HINDU group of publications Friday, Mar 30, 2007 ePaper Home News Update Front Page Corporate Markets Info-Tech Marketing Money & Banking Agri-Biz & Commodities Industry & Economy Logistics Government Opinion Variety Corporate Results Columns States Web Extras Index Archives Investment World eWorld Brand Line Mentor Life Canvas Praxis Urban Pulse Brand Quest The New Manager Quotes SE Diary Scoreboard Open-End Mutual Fund Rates Ports News Features Stocks Cross Currency Shipping Corporate - New Business Man Ind bags Rs 1,000-cr order from Midcontinent of US Our Bureau BIG DEALS: Mr R.C. Mansukhani (left), Chairman, MAN Industries (India) Ltd, and Mr Somnath Roy, Chief Executive, Projects, at press conference in Mumbai on Thursday. - Shashi Ashiwal Mumbai March 29 Man Industries (India) Ltd, a manufacturer of pipes, has bagged an order worth Rs 1,000 crore ($225 million) from the US-based Midcontinent Express Pipeline LLC. The company will manufacture and supply 257 miles of 42-inch diameter line pipes with external and internal anti-corrosion coating systems. "The order would be completed in a year's time," said Mr R.C. Mansukhani, Chairman, Man Industries. With this order, the company's total order book now stands at Rs 2,200 crore Mr Mansukhani added that the company was looking at the possibility of setting up its first overseas manufacturing unit in the US, for which it is conducting a feasibility report. "The plant may be a joint venture with a US-based steel company. We will be able to speak on the details about investment and size of the plant in a month's time," he said. More production lines The company is currently adding three more production lines to its facility in Anjar, Gujarat, which will be commissioned in the first half of the coming financial year. Man Industries is also planning to enhance its capacity by 25- 30 per cent by setting up three additional mills for spiral pipes with an investment of Rs 70-75 crore. "This will take our production capacity to 2,500 km of pipes from the current 2,000 km," said Mr Mangesh Nabar, Senior, May set up manufacturing unit in US Stories in this Section Disruption in production affects evacuation at Numaligarh refinery USV launches sweetener BHEL sets up centre of excellence in Hyderabad Mankind Pharma mulls new wing Ranbaxy launches asthma inhalation capsules Wockhardt opposes Roche patent on Pegasys CIL pays Rs 1,500 cr dividend Ranbaxy okays 120% 2nd interim Man Ind bags Rs 1,000-cr order from Midcontinent of US BMW plans launch of Mini in Indian market in 2009 AP cabinet approves land allocation for cement firm IOC, Govt sign pact for monitoring 5 major projects Tata Metaliks plans facility in Kharagpur DSM Engg Plastics plans $20-m facility Emulate Uttarakhand model, Tata Motors tells Bengal Sree Sakthi Paper sets up 3rd plant near Kochi Essar Oil readies plans for Papua New Guinea, Australia bids ONGC Mittal venture eyes assets in Africa, Turkmenistan Aurobindo's joint venture gets USFDA nod for Cefriaxone Hind Motors rules out lockout in Uttarpara plant Unitech ties up with global hotel chains SMS Pharma's new tie up REVA signs MoU with Free Forex Starter Kit Free Forex Starter Kit from GFT. Includes a Free Practice Account. www.GFTforex.com Reuters Insider TV You're an outsider without it. Don't Lose Out. Join Now. insider.thomsonreuters.c Nucor Building Systems Pre-engineered metal and steel building manufacturer. nucorbuildingsystems.co ASME Custom Fabrication Stainless Steel Experts For 30+ Yrs ASME Steam Jackets, Dimpled Jackets www.SpokaneMetalProd Page 1 of 2 The Hindu Business Line : Man Ind bags Rs 1,000-cr order from Midcontinent of US 6/4/2010 http://www.thehindubusinessline.com/2007/03/30/stories/2007033001600200.htm
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8/8/2019 2007-03-30 Business Line Man Industries Bags Order From Mid Continent of US
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Business Daily from THE HINDU group of publications Friday, Mar 30, 2007 ePaper
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Man Ind bags Rs 1,000-cr order fromMidcontinent of US
Our Bureau
BIG DEALS: Mr R.C. Mansukhani (left), Chairman, MAN Industries (India) Ltd, andMr Somnath Roy, Chief Executive, Projects, at press conference in Mumbai on
Thursday. - Shashi Ashiwal
Mumbai March 29 Man Industries (India) Ltd, a manufacturer
of pipes, has bagged an order worth Rs 1,000 crore ($225million) from the US-based Midcontinent Express Pipeline LLC.
The company will manufacture and supply 257 miles of 42-inchdiameter line pipes with external and internal anti-corrosion
coating systems.
"The order would be completed in a year's time," said Mr R.C.
Mansukhani, Chairman, Man Industries.
With this order, the company's total order book now stands at
Rs 2,200 crore
Mr Mansukhani added that the company was looking at the
possibility of setting up its first overseas manufacturing unit in
the US, for which it is conducting a feasibility report.
"The plant may be a joint venture with a US-based steel
company. We will be able to speak on the details aboutinvestment and size of the plant in a month's time," he said.
More production lines
The company is currently adding three more production lines to
its facility in Anjar, Gujarat, which will be commissioned in thefirst half of the coming financial year.
Man Industries is also planning to enhance its capacity by 25-30 per cent by setting up three additional mills for spiral pipes
with an investment of Rs 70-75 crore.
"This will take our production capacity to 2,500 km of pipesfrom the current 2,000 km," said Mr Mangesh Nabar, Senior,
May set up manufacturing unit in US
Stories in this Section Disruption in productionaffects evacuation atNumaligarh refinery
USV launches sweetener
BHEL sets up centre ofexcellence in Hyderabad
Mankind Pharma mulls newwing
Ranbaxy launches asthmainhalation capsules
Wockhardt opposes Roche
patent on Pegasys
CIL pays Rs 1,500 crdividend
Ranbaxy okays 120% 2ndinterim
Man Ind bags Rs 1,000-crorder from Midcontinent ofUS
BMW plans launch of Mini inIndian market in 2009
AP cabinet approves landallocation for cement firm
IOC, Govt sign pact formonitoring 5 major projects
Tata Metaliks plans facilityin Kharagpur
DSM Engg Plastics plans$20-m facility
Emulate Uttarakhandmodel, Tata Motors tellsBengal
Sree Sakthi Paper sets up3rd plant near Kochi
Essar Oil readies plans forPapua New Guinea,Australia bids
ONGC Mittal venture eyes
assets in Africa,Turkmenistan
Aurobindo's joint venturegets USFDA nod forCefriaxone
Hind Motors rules outlockout in Uttarpara plant
Unitech ties up with globalhotel chains
SMS Pharma's new tie up
REVA signs MoU with
Free Forex Starter Kit
Free Forex Starter Kit from GFT. Includes a Free Practice Account.www.GFTforex.com
Reuters InsiderTVYou're anoutsider withoutit. Don't Lose Out.Join Now.insider.thomsonreuters.c
Nucor BuildingSystemsPre-engineeredmetal and steelbuilding
manufacturer.nucorbuildingsystems.co
ASME CustomFabricationStainless SteelExperts For 30+Yrs ASME SteamJackets, DimpledJacketswww.SpokaneMetalProd
Page 1 of 2The Hindu Business Line : Man Ind bags Rs 1,000-cr order from Midcontinent of US
6/4/2010http://www.thehindubusinessline.com/2007/03/30/stories/2007033001600200.htm
8/8/2019 2007-03-30 Business Line Man Industries Bags Order From Mid Continent of US
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General Manager, Marketing, Man Industries.
The company is expecting to close this fiscal with a turnover of Rs 1,200 crore.
The shares of the company rose 7.29 per cent to Rs 199.50 onthe BSE.
More Stories on : New Business | Steel
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6/4/2010http://www.thehindubusinessline.com/2007/03/30/stories/2007033001600200.htm
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