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Man Industries zooms on bagging order worth Rs 925 crore from GAIL

  • Oct-12-2017
  • 15 Hrs IST

Man Industries (India) is currently trading at Rs. 109.50, up by 18.25 points or 20.00% from its previous closing of Rs. 91.25 on the BSE.

The scrip opened at Rs. 91.80 and has touched a high and low of Rs. 109.50 and Rs. 91.80 respectively. So far 1493217 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 109.50 on 12-Oct-2017 and a 52 week low of Rs. 42.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 109.50 and Rs. 86.15 respectively. The current market cap of the company is Rs. 625.28 crore.

The promoters holding in the company stood at 46.01%, while Institutions and Non-Institutions held 7.60% and 46.39% respectively.

Man Industries (India) has received a prestigious order of around Rs 925 crore 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 2,700 crore 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.