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