Pithampur plant to add Rs 500 cr to revenue: Man Industries

RC Mansukhani, Chairman of Man Industries says the company’s Pithampur plant in Madhya Pradesh has become operational and is expected to add Rs 500 crore to the company’s revenue yearly. Speaking to CNBC-TV18, Mansukhani says that the company has bagged an order of Rs 250 crore, which is expected to be completed within six months. Man Industries has an order book of Rs 1,200 crore. “We are in a comfortable position for months, years,” he says. Talking on capital expenditure, he says that the company does not have high capex and the requirements like plant upgradation are done through internal resources. Watch video for more.