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.
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