Expect 50% topline growth; bottomline will be much better in FY18: Man Industries

Man Industries (India) is in focus on the back of Rs 925 crore order win from GAIL India. In an interview to CNBC-TV18, RC Mansukhani, Chairman of the company discussed about this and more.

Received GAIL order for the first phase of expansion of pipeline, which is going from north to east, said Mansukhani.

Have to complete the GAIL project by July 2018, he said.

On raw material front, he said it was booked and arranged prior to this tender, so there is no threat of steel price going up or down.

Talking about growth, he said 50 percent growth in topline is expected in FY18 and bottomline will be much better in FY18.

Will execute 60 percent of revenue booking in FY18 itself, he added.

According to him, current debt is around Rs 200 crore.

Watch accompanying video for more details.