MAN Industries bags order worth Rs 500 crore
Pipe manufacturer MAN Industries today said it has bagged an export order worth Rs 500 crore from the Middle East.
By PTI | Updated:
MUMBAI: Pipe manufacturer MAN Industries today said it has bagged an export order worth Rs 500 crore from the Middle East for supply of large diameter pipes for oil and gas sector.
"With this new order, the company's order book stands at approximately Rs 1,600 crore. The order is to be executed over a period of next 9 to 12 months," the city-based firm said in a statement.
MAN Industries is a leading manufacturer of SAW (submerged arc welded) pipes and coating Systems for high-pressure oil and Gas applications with a production capacity of about one million tonnes per annum.
Shares of the company were trading at Rs 114.75 apiece on the BSE at 1350 hrs, up 4.03 per cent from the previous close.
"With this new order, the company's order book stands at approximately Rs 1,600 crore. The order is to be executed over a period of next 9 to 12 months," the city-based firm said in a statement.
MAN Industries is a leading manufacturer of SAW (submerged arc welded) pipes and coating Systems for high-pressure oil and Gas applications with a production capacity of about one million tonnes per annum.
Shares of the company were trading at Rs 114.75 apiece on the BSE at 1350 hrs, up 4.03 per cent from the previous close.
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