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Man Industries gets Rs 800-cr order

Orders to be executed over next 12-15 months

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Press Trust of India New Delhi

Pipe-maker Man Industries (India) today said it has bagged orders worth Rs 800 crore from the Middle East and domestic customers for supply of large diameter pipes for oil and gas sector.

"With these new orders, the outstanding order book of the company stands at approximately Rs 1,800 crore. These orders are to be executed over a period of next 12-15 months," it said in a statement.

In addition, the company said it has bid for over Rs 4,000 crore which are at various stages of evaluation.

The scrips of the company were trading at Rs 97.10 apiece at the BSE in the afternoon trade, down 0.10% over the previous day's closing.

 

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First Published: Jun 04 2012 | 4:03 PM IST

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