Man Industries has orders of Rs 1000 crore from USA, to be executed from new mills. One more mill is going to be commissioned by CY07, new capacities will be around 1 MT. End of December the capacities will be at 1 MTPA.

The order book is at Rs 2200 crore, executable over 1 year time. EBITDA margins are at 11.5-12.5%. FY08 sales are at Rs 1800 crore, the company expect YoY growth at 25-30% till 2009. Exports orders are at 80-90% of their order book

Company is expecting orders from GAIL, Reliance Energy and Cairn India.

Man Industries ( India) Ltd, leading manufacturer of large diameter submerged arc welded line pipes and coating systems has announced commissioning of New Production line for H-SAW Pipes. The newly commissioned mill has capacity of 200000 MT per annum.

The Mill has started producing pipes for executing USD 225 million single order from its prestigious US client.

Meanwhile, the Company has started shipment of 18 meter H-SAW pipes to its US client. With this achievement, Man Industries (I) Limited has become the first Indian pipe company to manufacture 18 meter pipes.

After the commissioning of a state-of-the-art line pipe and coating complex at Anjar (Gujarat) in the year 2005, which is the company's second facility in the country, the company has emerged out as a prominent manufacturer of line pipes and coating system on a global level with a total installed capacity to manufacture over 2500 KM of Line Pipe and with coating Systems every year.

The Company is executing various major contracts for manufacture and supply of line pipes and coating systems to various clients in India and abroad.

Man Industries has touched an intra day high of Rs 257.75 and an intra day low of Rs 253. Currently the share is trading at Rs 253, down Rs 0.9, or 0.35%

It is trading with volumes of 31,560 shares, compared to its 5-day average of 8,659 shares, an increase of 264.49%. It is trading with volumes of 31,560 shares, compared to its 30-day average of 20,780 shares, an increase of 51.88%.

Yesterday the share closed down 0.10% or Rs 0.25 at Rs 253.90

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