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Man Industries gains on bagging orders worth Rs 325 cr

Man Industries (India) rose 2.28% to Rs 96.65 after the company said that it has received new orders worth approximately Rs 325 crore.

November 29, 2021 1:46 IST | capital market

With these new orders the unexecuted order book as on date stands at approximately Rs 1,650 crore, the company said in a statement.

Man Industries (India) is engaged in the manufacturing and coating of large diameter carbon steel pipes, infrastructure, and realty and trading.

The companys consolidated net profit fell 10.30% to Rs 24.47 crore on a 16.53% decline in net sales to Rs 490.19 crore in Q2 FY22 over Q2 FY21.

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