Man Industries (India) Limited, one of India’s leading manufacturers of large-diameter pipes, has made a major announcement on June 5, 2025, by notifying the stock exchanges BSE and NSE about receiving a significant export order worth approximately ₹1150 crore. This disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, in compliance with the recent circulars issued by SEBI.

This order, awarded by an international customer, involves the supply of various types of pipes and is expected to be executed over the next 6 to 12 months. The award of this contract further strengthens the company’s position in the global market, and importantly, increases the company’s total unexecuted order book to ₹3500 crore.

Details of the New Export Order

In the accompanying Annexure A to the exchange filing, Man Industries provided the following detailed information:

• Entity Awarding the Order: An international customer (name undisclosed)

• Nature of the Contract: Supply of various types of pipes, indicating technological flexibility and diverse application

• Geographical Scope: The order is entirely international, further consolidating Man Industries’ export credentials

• Execution Timeline: Scheduled to be fulfilled within 6 to 12 months

• Contract Value: Approximately ₹1150 crore

• Promoter Involvement: No involvement or interest of the promoter or promoter group

• Related Party Transaction: The order does not qualify as a related party transaction

Significance for Man Industries and Market Perception

This substantial export order is indicative of the increasing global trust in Man Industries’ manufacturing capabilities, technical excellence, and operational reliability. As one of the dominant players in the large-diameter pipe segment, the company has continually delivered robust performance in both domestic and global markets.

The award of this international order is a strong signal to investors about the company’s competitiveness, especially in niche segments like oil and gas pipeline infrastructure, water transmission, and construction.

With this new addition, the company’s unexecuted order book now totals approximately ₹3500 crore, suggesting high revenue visibility and execution confidence for upcoming quarters. This order pipeline will not only bolster cash flows but is also expected to improve margins due to economies of scale and global pricing benefits.

Strategic Outlook

The business update underlines a resilient and growing demand for pipeline infrastructure, especially in the context of global initiatives surrounding energy security, water infrastructure, and green hydrogen transport. The global pipeline market is poised for long-term expansion, and companies like Man Industries are strategically positioned to benefit from this momentum.

Moreover, the order adds to the company's export portfolio, reinforcing its ability to meet international quality standards, tight delivery timelines, and complex specifications. The ability to secure such large-scale international orders also showcases the company’s capability to outcompete global peers, a significant achievement in the highly competitive pipe manufacturing industry.

Regulatory Transparency and Market Confidence

Man Industries has demonstrated a strong commitment to regulatory compliance and timely market communication by issuing this update under SEBI Regulation 30, and further referencing recent circulars dated July 13, 2023 and December 31, 2024, which require enhanced disclosures for material events. This proactive transparency will likely boost investor confidence, especially among institutional and long-term shareholders.

Furthermore, the absence of any related party transactions or promoter involvement ensures arms-length business integrity, a critical factor in maintaining governance standards.

Conclusion

The ₹1150 crore export order not only highlights the operational strength and international credibility of Man Industries but also significantly enhances its financial and strategic outlook. As global infrastructure demand remains high, Man Industries is poised to benefit from its timely capacity investments, technical prowess, and a diverse product portfolio.

With an order book of ₹3500 crore, consistent global recognition, and adherence to strong corporate governance practices, Man Industries continues to position itself as a top-tier player in the global pipe manufacturing industry. Investors and market observers can anticipate a positive revenue trajectory and margin stability as the company begins execution of this sizeable international contract.

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