Man Industries share price rose 6 percent to hits 52-week high of Rs 513 in the early trade on July 8 after the company bagged an order worth Rs 1,850 crore.
At 09:19am, Man Industries (India) was quoting at Rs 490.80, up Rs 27.35, on the BSE.
"..... has received a prestigious line pipe order of approximately Rs 1,850 crore which is the largest single order in the company’s history," Man Industries said in its exchange filing.
One of the most reputable oil & gas international company awarded Man Industries to supply high value-added line pipes of API5L Grade for this mega offshore (Oil & Gas) project, company said.
This order is expected to be delivered during the next 12 to 18 months.
The total unexecuted order book as of today stands at approximately Rs 4,000 crore, it added.
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In June 2024, the company’s plant situated at Anjar, Gujarat, obtained CE Certification from Bureau Veritas, France.
This certification, granted by Bureau Veritas, France, validates the adherence to stringent safety and quality standards outlined by the European Union for API 5L SAW and ERW Lines for Oil & Gas applications
which is further supported by ISO 3834-2 welding certification issued by TUV-NORD as a mandatory requirement of European market, company said.
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