MAN Industries bags Rs.405-cr export order

MAN Industries (India) announced on August 19 that it has received a new export order of approx. Rs. 405 crore.

With this, the total unexecuted order book of the company stands at approx. Rs. 1,800 crore, out of which 80 per cent is exports, said a press release issued by the company. These orders are meant to be executed in the current financial year, it added.

RC Mansukhani, Chairman, Man Industries (India) Limited, said, “Despite the ongoing crisis and challenging business environment globally, we are striving to grow our order book and increase the capacity utilisation. This order win is testament to our commitment towards creating sustainable value for our shareholders and improve the overall returns for the company.”

The company, said the release, holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environment. Its plants are now fully operational.