Man Industries Bags ₹1700 Cr Export Order, Order Book Soars! 🚀

Big news from the manufacturing sector! Man Industries (India) Limited (MANINDS) just announced a major win, securing a new export order valued at approximately ₹1700 Crores (that’s One Thousand Seven Hundred Crores!).

This substantial international order is for the supply of various types of coated pipes, a core offering from the company. The delivery for this project is expected to be completed within the next 6 to 12 months, indicating a busy period ahead for the company.

What’s even more exciting is the impact this order has on their overall business. With this new addition, Man Industries’ total unexecuted order book now stands at a whopping ₹4700 Crores! This isn’t just about impressive numbers; it’s a strong indicator of the company’s robust business environment and the deep trust its international customers place in its technological and execution prowess.

Investors certainly took note of this positive development. Following the announcement, MANINDS shares were trading at ₹421.4, marking an impressive 8.3% jump. This kind of order flow underscores the company’s strong market position and its ability to consistently secure large-scale international projects.

Looks like Man Industries is gearing up for a busy and profitable period ahead! Keep an eye on this one. 👀

source: Corporate Announcement

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