The company said that this accomplishment marks a critical milestone in addressing a major hurdle in the shift to a hydrogen-based ecosystem i.e. efficiently delivering hydrogen gas to the point of use.

Man Industries (India) is engaged in the business of manufacturing, processing and trading of submerged arc welded pipes & steel products.

The company reported consolidated net profit of Rs 39.04 crore in Q2 FY24 as against net loss of Rs 5.09 crore in Q2 FY23. Net sales stood at Rs 1,018 in Q2 FY24, steeply higher than Rs 465.08 crore in Q2 FY23.