Man Industries (India), a leading manufacturer and exporter of large diameter carbon steel line pipes, witnessed a sharp rise in share price on Thursday after the company has received order worth Rs 7 billion from international and domestic customers for supply of pipes for oil, gas and water sector projects.

'With this new order the outstanding order book as on date stands at approx. Rs. 13 billion to execute over a period of 6 to 8 months, this will result in significant improvement in the coming quarters,' , the company said.

Shares of the company are trading at Rs 111.70, up Rs 7.2, or 6.89% at the Bombay Stock Exchange (BSE) on Thursday at 9:39 a.m.

Total volume of shares traded on the bourses today was higher by 144.74% to 1,223,718 compared with 22-day average volume of 499,999.