Man Industries, a top-tier manufacturer and exporter of large diameter carbon steel line pipes, on Tuesday, revealed that it had secured new orders worth roughly Rs 250 crores.
In a regulatory filing, Man Industries stated that the newly received order will be executed in the coming 5 month time period, while actively missing out on the technicalities of the received order.
The company’s share price responded to this news as its NSE-listed stock reached a day-high of 2.54%
The large diameter carbon steel pipes are used for several high-pressure transmission applications for fluid substances like potable water, gas, crude oil, and other petrochemical products.
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