Man Industry bags $113.6M orders

Man Industry bags $113.6M orders

By agencies   |   Wednesday, 14 June 2006, 07:00 Hrs
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MUMBAI: Man Industries India Ltd, manufacturer and exporter of SAW pipes and aluminium extrusion, has bagged orders worth $113.63 million from an Iran-based company and Reliance Industries Ltd (RIL) for supply of pipelines.

Giving the breakup the company said, it has bagged an order of $90.90 million from an Iran-based company and a project worth around $22.72 million from RIL, the company informed the Bombay Stock Exchange.

Recently the company posted 91.32 percent increase in net profits at $7.96 million for the year ended March 31, while announcing a dividend of 25 percent.

Total sales of the company for the year 2005-06 stood at $197.71 million as against $115.98 million in the previous year.

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