MAN Industries India Ltd order book stands at Rs. 1,800 Crore

MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing company has announced today that the company has received a new export order of approx. Rs. 405 crores. With this, the total unexecuted order book of the company stands at approx Rs. 1,800 Crores, out of which 80% is exports. These orders are meant to be executed in the current financial year.

Commenting on this, Dr. R. C Mansukhani said Man Industries said; "Despite the ongoing crisis and challenging business environment globally, we are striving to grow out orderbook and increase the capacity utilization. This order win is testament to' our commitment towards creating sustainable value for our shareholders and improve the overall returns for the Company."

The company holds an impeccable track record of uninterrupted profitability, dividend and meeting all its financial obligations in the toughest business environment. Meanwhile, company's plants are now fully operational.

Shares of MAN INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.60.6 as compared to the previous close of Rs. 59.6. The total number of shares traded during the day was 69233 in over 697 trades.

The stock hit an intraday high of Rs. 62.5 and intraday low of 59.3. The net turnover during the day was Rs. 4226141.

Source : Equity Bulls

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