Man Industries Wins Rs 17 Billion Export Order

08 Sep 2025 CW Team

Shares of Man Industries (India) Ltd surged 9.5 per cent on 3 September following the announcement of a significant Rs 17 billion export order for coated pipes. The order is scheduled for execution over the next six to 12 months, lifting the company’s outstanding order book to approximately Rs 47 billion.

The company stated that the new contract underscores a robust business outlook and continued customer trust.

In the first quarter of the financial year, net profit increased by 45.2 per cent to Rs 276 million, up from Rs 190 million in the corresponding period last year. While revenue from operations saw a modest decline of 0.9 per cent to Rs 7.42 billion, EBITDA rose by 28.2 per cent to Rs 494 million, with margins improving from 5.1 per cent to 6.6 per cent.

Man Industries reaffirmed its 20 per cent revenue growth target for FY26, anticipating stronger performance in the second half on the back of increased order inflows and better capacity utilisation.

The company’s share price closed at Rs 414 on 3 September, a 6.53 per cent gain for the day. The stock has risen 8 per cent in the past five days, despite a 9 per cent dip over the past month. Over the last six months, it has delivered an impressive 97 per cent gain, and is up 26 per cent year-to-date.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..