Man Industries has moved higher by 7% to Rs 120 after receiving export orders worth Rs 515 crore.

“The company has received export orders worth approximately Rs 515 crore from South East Asia for supply of large dia meter pipe for oil and gas sector," the leading pipe manufacturing company said in a filing to the stock exchanges.

The company’s order book now stands at approximately Rs 1,500 crore. The orders are to be executed over a period of nine to 12 months, it added.

A total of 251,642 shares have changed hands on the counter on both the exchanges.