Expecting increase from anywhere between 15-25% in coming years: RC Mansukhani, Man Industries

In an interview to ET Now, RC Mansukhani, Group Chairman, Man Industries, shares his business idas. Edited excerpts:

ET Now: Tell us what can be manufactured by this new hydraulic press?

RC Mansukhani: This hydraulic press we put for manufacturing the pipes in the oil and gas sector. This is a large dia pipe for oil and gas sector.

ET Now: How much do you think you will be able to clock in in terms of your production volumes?

RC Mansukhani: This is a press where we can manufacture high wall thickness pipes which is very rarely available in the world market. We have joined the club with the niche market by putting up this press which will give the high wall thickness in low diameter which are very few in the world.

ET Now: In terms of numbers how much do you think it will add to your sales as well as margins?

RC Mansukhani: Our market share will increase from anywhere between 15-25% in coming years particularly in this segment where there is a high value addition.

ET Now: And in terms of your clientele if you can tell us which customers will this cater to?

RC Mansukhani: Yes, this is a mostly oil and gas sectors in the world, including British Petroleum, ONGC, Gas Authority of India, Shell, and Exxon Mobil, a lot of big clients worldwide which produce oil and gas.

ET Now: If you can tell us the domestic market size as well as global market size for this product?

RC Mansukhani: Most of this kind of high wall thickness is mostly the worldwide rather than India, mostly export. In our business most of the-- we are around 70% export company which is serving in the Middle East and some part of the North America for normal kind of pipes and heavy wall thickness will give the new edge to the company in coming years.