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MAN Industries bags USD 142.44 mn order from GAIL

It further said: "With this new order, the outstanding order book as on date stands at approximately Rs 2,700 crore to be executed within a period of 9 to 12 months."

October 12, 2017 / 04:58 PM IST
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Pipe manufacturer MAN Industries said it has bagged USD 142.44 million (around Rs 925 crore) order from GAIL (India) Ltd for the supply of line pipes.

"MAN Industries has received a prestigious order for USD 142.44 million from GAIL (India) Ltd for the supply of about 1,16,000 MT of line pipes for its Jagdishpur-Haldia-Bokaro- Dhamra Pipeline Project (JHBDPL), Phase II," the company said in a BSE filing.

It further said: "With this new order, the outstanding order book as on date stands at approximately Rs 2,700 crore to be executed within a period of 9 to 12 months."

Shares of MAN Industries closed 20 percent up at Rs 109.50 on the BSE.