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22 March, 2018 19:39 IST
Man Ind receives order worth Rs 9.25 bn from GAIL
Source: IRIS | 12 Oct, 2017, 03.26PM
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Man Industries (India) has received a order of around Rs 9.25 billion from GAIL (India) for supply of about 1,16,000 MT of Line pipes for its Jagdishpur-Haldia-Bokaro-Dhamra Pipeline Project (JHBDPL), Phase II.

With this new order, the outstanding order book as on date stands at around Rs 27 billion to be executed within a period of 9 to 12 months.

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating of Large Diameter Carbon steel pipes, Infrastructure, Realty & Trading.

Shares of the company gained Rs 18.25, or 20%, to trade at Rs 109.50. The total volume of shares traded was 1,495,992 at the BSE (3.11 p.m., Thursday).

Man Industries (India) Limited   (Q,N,C,F)*

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