In an exchange filing made before market hours today, the company said that its ERW (electric resistance welded) plant at Anjar, Gujarat, has achieved the BIS certification and the facility is also certified for management systems by TUV.

"The attainment of the IS certification for our ERW plant marks a significant milestone in our journey towards excellence and will open gateway for new market including government / semi-government projects for oil & gas sector, infrastructure, etc.,” Man Industries said in a statement.

Man Industries (India) is engaged in manufacturing & coating of large diameter carbon steel pipes, infrastructure, realty & trading. It caters to International clients in the oil & gas industry, petrochemicals, water, dredging & fertilizers.

The company's consolidated net profit declined 1.74% to Rs 26.05 crore on a 2.63% fall in sales to Rs 597.66 crore in Q4 FY23 over Q4 FY22.