Man Industries secures new orders worth Rs 4.9 billion

31 May 2024 CW Team

Man Industries (India) announced that it had secured new orders worth Rs 40.90 million from both domestic and international clients. These orders involve the supply of various types of pipes. With the addition of these new orders, the company's total unexecuted order book now stands at around Rs 26 billion, and these orders are expected to be fulfilled within the next 6 to 8 months.

Man Industries, which specializes in producing large-diameter submerged arc welded carbon steel pipes, is a key player in the global line pipe market.

In its most recent quarterly report released, the company reported a 19.1% decrease in profit compared to the same quarter in the previous fiscal year. However, operating revenue saw a significant year-over-year increase of 35.6%, reaching Rs 8.10 billion. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also grew impressively by 43.1% annually, reaching ?58.4 Crore.

At the time of reporting, the company's stocks were trading at Rs 347.00, reflecting a 0.67% gain from the previous close. The stock had gained 165% in the last year and 24% since the beginning of the year.

In its financial results filing, the company highlighted the successful testing of hydrogen transportation pipes, setting an industry standard. This testing was conducted by a prominent international testing firm. With plans for new hydrogen transportation lines, the company aims to leverage this advantage to further enhance its order book.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..