(20 second reading) Man Industries has received an export order worth Rs 505 crore, the pipe manufacturer said in an exchange filing on May 21. The order for supplying a range of pipes will have to executed in six to eight months.
The company has an unexecuted order book of Rs 2,100 crore, which, too, has to be completed in the same time frame.
In April, Man Industries received an approval from Shell Global for external, internal, and concrete coating of steel pipelines at Anjar in Gujarat. Earlier in the year, Man Industries received orders worth Rs 555 crore. The stock ended the day at Rs 370 on the National Stock Exchange