Key Quantitative Figures
- Man Industries (India) Limited: Received new orders worth approximately ₹300 Crores (Rupees Three Hundred Crores only)
- National Pipe Company Limited (NPC): Step-down subsidiary in Saudi Arabia received new orders worth approximately ₹700 Crores (Rupees Seven Hundred Crores only)
- Total Order Value: Approximately ₹1,000 Crores
- Consolidated Unexecuted Order Book: Now stands at approximately ₹4,100 crores
Execution Timeline
The orders are expected to be delivered within 6-9 months from the disclosure date.
Order Details (From Annexure-A)
- Awarding Entities: Domestic and International Customers
- Product: Various types of Pipes
- Geographic Scope: Both Domestic and International orders
- Significant Terms: Domestic and International Orders received for Pipes
- Promoter/Group Interest: No interest from promoter/promoter group/group companies in the entities awarding the orders
- Related Party Transaction: The orders do not fall within related party transactions
Management Commentary
The company states that these orders "reflect the robust business environment and showcase the trust of the customers they have in the technological and executional capabilities of MIIL and NPC."