Man Industries receives big export orders

Man Industries announced that it has received a new export orders of Rs 400 crore. Reacting to this news, the stock of the company rose by 4.5 per cent to touch its intraday high.

In terms of the monetary amount, these orders are cumulatively considered as big orders. Though the company did not provide any in-depth details.

Man Industries (India) Limited is an India-based holding company engaged in the manufacturing and coating of large diameter carbon steel pipes, infrastructure and realty and trading. It is 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. It offers products including longitudinal submerged arc welded (LSAW) pipes, helically submerged arc welded (HSAW) pipes and coating products.

On Monday, the stock of the company was last trading at Rs 47.40, up by 0.11 per cent or Rs 0.55 per share. The intraday high is Rs 49.50 and intraday low is Rs 46.50. The 52-week high is Rs 74.30 and 52-week low is Rs 34.55 on the BSE.