Man Industries is currently experiencing a 3% dip in trading, hovering around ₹189, down from the opening value of ₹194.65 and a previous close of ₹194.75. The trading volume remains active, with 585,115 shares changing hands. Despite this temporary setback, there’s positive news for the company: MAN Industries (India) Ltd., a leading manufacturer of Large Diameter API Pipes, has recently secured a substantial new order valued at approximately Rs 400 crore from domestic clients.
This order further bolsters their existing unexecuted order book, which stands at a significant Rs 1,600 crore, and is slated to be completed within the next six months. This achievement follows a series of significant milestones for MAN Industries (India) Ltd. in the current year.
Notably, the company inaugurated its state-of-the-art ERW Pipes plant in Anjar, Gujarat, enhancing its production capabilities. Additionally, the company received prestigious certifications from the Bureau of Indian Standards (BIS) and ISO, reflecting its commitment to quality and excellence in its operations.
