MAN Industries (India), one of the leading pipe manufacturing company has received export orders worth approximately Rs.500 crore from Middle East for supply of large dia meter pipes for oil and gas Sector.
With these new orders received by the company the company’s outstanding order book stands at approximately Rs.1600 crore. The orders are to be executed over a period of next 9 to 12 months.
In addition to the above confirmed order the company has outstanding bids over Rs.4500 crore at various stages of evaluation for several other oil, gas and water projects in India and abroad.
Shares of the company gained 2.90%, to trade at Rs 113.50. The total volume of shares traded was 65,505 at the BSE
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