Man Industries soars on receiving order worth Rs 1,850 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Man Industries (India) is currently trading at Rs. 485.95, up by 22.50 points or 4.85% from its previous closing of Rs. 463.45 on the BSE.
The scrip opened at Rs. 502.00 and has touched a high and low of Rs. 513.00 and Rs. 484.30 respectively. So far 29833 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 513.00 on 08-Jul-2024 and a 52 week low of Rs. 129.80 on 25-Jul-2023.
Last one week high and low of the scrip stood at Rs. 513.00 and Rs. 408.00 respectively. The current market cap of the company is Rs. 3000.15 crore.
The promoters holding in the company stood at 46.15%, while Institutions and Non-Institutions held 4.94% and 48.90% respectively.
Man Industries (India) has received a prestigious line pipe order of around Rs 1,850 crore 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 around Rs 4000 crore. This order reflects the robust business environment and showcases the trust of the customers they have in the company’s technological and executional capabilities.
Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.
