MAN Industries Chairman Ramesh Chandra Mansukhani Discusses Strong Growth Projections and Expansion Plans
Key Ideas
  • FY25 guidance indicates 25-30% growth, aiming for Rs 4,000 crore with estimated EBITDA of Rs 400-450 crore.
  • Expecting margins to improve to 12-13% in FY25, with a target of Rs 6,000 crore in topline revenue.
  • Expansion in Saudi Arabia progressing well with significant investment; focusing on hydrogen transport pipes for future growth.
  • Foreseeing increased revenue and profit from hydrogen products due to higher margins and international market opportunities.
MAN Industries' Chairman, Ramesh Chandra Mansukhani, highlighted the company's strong growth trajectory, with a projected revenue of Rs 4,000 crore and EBITDA of Rs 400-450 crore for FY25, representing a 25-30% growth. The company aims for improved margins of 12-13% in FY25 and a target to reach Rs 6,000 crore in revenue by FY26. The expansion in Saudi Arabia is in full swing, with a substantial investment of Rs 450-500 crore. MAN Industries is focusing on manufacturing pipes for hydrogen transport, expecting significant growth in this segment due to higher margins and international market demand. Despite the challenging market conditions, the company is optimistic about utilizing its one million tonne capacity and tapping into the new energy business in India and abroad with the necessary accreditations.
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