Man Industries locked at 20% upper circuit on order win worth Rs 925 crore

October 12
18:05 2017

Moneycontrol News

Shares of Man Industries has locked at 20 percent upper circuit, hitting 52-week high of Rs 109.50 on the back of order win from Gail.

There were pending buy orders of 235,149 shares, with no sellers available.

The company has received a prestigious order for Rs 925 crore from Gail.

The order includes supply of about 1,16,000 mt of line pipes for its Jagdishpur-Haldia-Bokaro-Dharma pipeline project, Phase III.

With this new order, the outstanding order book as on date stands at approximately Rs 2700 crore to be executed within a period of 9 to 12 months.

At 14:55 hrs Man Industries (India) was quoting at Rs 109.50, up Rs 18.25, or 20 percent on the BSE.

Posted by Rakesh Patil

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