MAN Industries bags USD 142.44 mn order from GAIL

Updated: Thu, Oct 12, 2017
04:39 pm
PTI
RELATED NEWS
RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views RBI surprises by keeping repo rate unchanged, slashes growth forecast; read experts' views
Down, down they go: Emerging central banks deliver more rate cuts Down, down they go: Emerging central banks deliver more rate cuts

Pipe manufacturer MAN Industries today said it has bagged USD 142.44 million (around Rs 925 crore) order from GAIL (India) Ltd for supply of line pipes.

"MAN Industries has received a prestigious order for USD 142.44 million from GAIL (India) Ltd for 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 per cent up at Rs 109.50 on the BSE.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)