Man Industries India Ltd receives Rs. 807 crores order from IOCL

Man Industries India Ltd has received new order worth approximately Rs. 807 crores (Rupees Eight Hundred Seven crores) from Indian Oil Corporation Ltd. (IOCL) for supply of API High Grade Large Diameter Carbon steel pipes along with coating.

With this new order the unexecuted order book as on date stands at approximately Rs. 1500 Crores (Rupees One Thousand Five Hundred Crores) to be executed in Six to Eight months.

This order reflects robust business environment and also showcases the trust that customers have in the Company's technological and executional capabilities.

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 92.20 as compared to the previous close of Rs. 96.15. The total number of shares traded during the day was 36607 in over 768 trades.

The stock hit an intraday high of Rs. 96.60 and intraday low of 91.95. The net turnover during the day was Rs. 3441429.00.

Source : Equity Bulls

Keywords

ManIndustriesIndia INE993A01026 MANINDS OrderWin IOCL