Shares of Man Industries will turn active on Thursday, following the company’s post-market hours announcement of it bagging orders worth ₹700 crore. Following this, according to the pipe major, its order book stands at ₹1,200 crore. It has bagged the orders from domestic and foreign companies catering to the oil and gas and water sectors. The company claims that it has bid for work worth over $1 billion. It posted ₹2.4 crore net profit on sales of ₹315 crore for the quarter ended December 2013.
Order booster for Man Industries
Published on
April 9, 2014 16:23