Man Industries India Ltd receives order of approx. Rs. 1850 crores

Man Industries (India) Limited has received a prestigious line pipe order of approximately Rs.1,850 Crores (Rupees One Thousand Eight Hundred Fifty Crores Only) which is the largest single order in the Company's history. One of the most reputable Oil & Gas International Company awarded Man Industries to supply high value-added line pipes of API5L Grade for this mega offshore (Oil & Gas) project. This order is expected to be delivered during the next 12 to 18 months.

The total unexecuted order book as of today stands at approximately Rs.4000 Crores (Rupees Four Thousand Crores only).

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

Shares of Man Industries (India) Limited was last trading in BSE at Rs. 454.70 as compared to the previous close of Rs. 462.70. The total number of shares traded during the day was 14063 in over 915 trades.

The stock hit an intraday high of Rs. 472.75 and intraday low of 450.80. The net turnover during the day was Rs. 6450511.00.

Source : Equity Bulls

Keywords

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