IBEF: January 07, 2020
MAN Industries (India) Ltd, a pipe manufacture company, said it has bagged new export orders worth Rs 400 crore (US$ 57.23 million).
"The company has received new export orders of approximately Rs 400 crore (US$ 57.23 million)," the company said in a filing to BSE.
Though, no further details of the order were provided by the company.
Man Industries (India) Ltd is a member of the Man Group of India. The company operates as a manufacturer and exporter of large diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products and potable water.
The company has manufacturing facilities for different types of anti-corrosion coating systems.
The shares of the company were trading at Rs 47.70 (US$ 0.68), up 0.74 per cent in morning trade on BSE.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.