Man Industries and OMS Oilfield Services Pte. Ltd. enter into a technical collaboration agreement in India

Man Industries (India) Ltd. (MIIL), has entered into a technical collaboration and know-how agreement with Singapore-based OMS Oilfield Services Pte. Ltd. (OMS), one of Asia's leading oilfield services and manufacturing company, through its subsidiary Company, Man Offshore & Drilling Ltd. (MODL).

As part of the agreement, OMS shall grant MODL know-how, technology and trademarks to manufacture specialty connectors and cross over for operations in India. MODL shall manufacture high-quality specialty connectors and cross over for large diameter conductor and surface casing for oil and gas well construction as per the technological expertise of OMS.

This agreement would give Man Industries access to superior technology in manufacturing value added products which will aid the company to increase the existing product offering and cater to the growing demand in the niche segment of Oil & Gas Industry.

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 99.50 as compared to the previous close of Rs. 101.85. The total number of shares traded during the day was 41876 in over 1173 trades.

The stock hit an intraday high of Rs. 101.10 and intraday low of 98.70. The net turnover during the day was Rs. 4175185.00.

Source : Equity Bulls

Keywords

ManIndustriesIndia INE993A01026 TechnicalCollaboration OMSOilfieldServices