Ashish Kacholia holds 1.82% & Rs 4,700 crore order book: Company secures prestigious Rs 1,700 crore line pipe order for gas pipeline project
DSIJ Intelligence-1 / 04 Sep 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 690 per cent in 5 years.
MAN Industries (India) Limited has secured a significant export order worth approximately Rs 1,700 crores from an international client for a gas pipeline project. This new order, which involves supplying value-added SAW pipes with advanced coatings, is expected to be executed within the next 6 to 12 months. This contract highlights the company's strong market position and reputation as a trusted global supplier.
With this new win, MAN Industries’ total unexecuted order book has reached a record high of Rs 4,700 crores, with over 80 per cent of the orders coming from exports. The company is also currently bidding on additional line pipe projects worth over Rs 15,000 crores in both domestic and international markets, further showcasing its potential for future growth.
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About the Company
Founded in 1970 by the Mansukhani family, MAN Industries (India) Ltd. has become a leading global manufacturer and exporter of large-diameter carbon steel line pipes. The company, led by Dr. R.C. Mansukhani, operates two advanced facilities in India, with a combined capacity of over 1.2 million tonnes per annum (MTPA), and is certified with ISO 9001, ISO 14001, and ISO 45001. MAN Industries supplies pipes for critical infrastructure across various sectors, including oil & gas and water, and is currently undergoing a significant Rs 1,200 crore expansion to enter the high-value stainless-steel seamless pipe segment and establish a new plant in Dammam, Saudi Arabia.
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Man Industries Ltd has a market cap of over Rs 2,800 crore and the current unexecuted order book as of today stands at Rs 4,700 crore. An ace investor, Ashish Kacholia, own 13,62,395 shares or a 1.82 per cent stake in the company as of July 2025. The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 690 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.