Net sales of the company, however, fell 9.34% to Rs 325.98 crore during the quarter, vis-a-vis Rs 359.62 crore of the Q4 of FY'11, MAN said in a statement, without providing reasons for fall in sales.
"...(MAN) has redeemed outstanding zero coupon foreign currency convertible bonds (FCCBs) of $64.35 million (including premium). The bonds were issued in the year 2007 and redeemed on due date," the company said in a release.
Man Industries (India) has rallied 9% to Rs 110 after the company received shareholders nod to issue up to 1.82 million equity shares to Japanese steel-maker Kobe Steel on preferential basis, at a price of Rs165 per share.
Japan's Kobe Steel will buy a small stake in steel pipemaker Man Industries and will jointly explore opportunities in the global steel pipe market, the Indian company said on Wednesday.
Man Industries (India) is trading higher by 4% at Rs 114 on getting orders worth of Rs 500 crore from Middle East for supply of large dia meter pipes for oil and gas sector.
Man Industries has rallied 16% at Rs 147 on hopes of an amicable settlement between the promoter siblings, Rameshchandra Mansukhani and Jhamaklal Mirchumal Mansukhani.
Pipe maker Man Industries today said its board has withdrawn the powers of Vice Chairman and Managing Director JC Mansukhani after accusing him of indulging in anti-company activities like insider trading and misappropriation of funds.
Man Industries has soared 11% at Rs 122 after Man Steel and Power, one of the promoters and group firm, acquired around 1.51% stake in the company through open market purchases via bulk deals on Monday.
MAN Industries (India) Limited, one of the leading large-diametre pipe manufacturing companies in the country, announced it had secured orders worth Rs 550 crore from various international and domestic clients for supply of large-diametre pipes for the
Man Industries has gained 6% at Rs 73 after the company said it has received orders worth of Rs 550 crore from various domestic as well as international clients for supply of large dia meter pipes for oil and gas sector.
Man Infraconstruction has zoomed 12% at Rs 162 after signing a memorandum of understanding (MoU) with Turkish construction company STFA for co-operation in the infrastructure field.
Leading SAW pipes-maker, Man Industries, hopes to cross the Rs 2,000 crore turnover mark this fiscal (FY11) and the Rs 3,000 crore mark by FY13 on the back of a robust demand for pipes in the oil and gas and hydrocarbons segments, a top company official
Leading SAW pipe manufacturers Man Industries today said it has bagged a Rs 1,200 crore order from international and domestic customers, including GAIL, for its Dabhol-Bangalore Pipe Line (DBPL) project.
Man Industries is trading 5% higher at Rs 109 after the company bagged Rs 1,200 crore orders from various international and domestic customers including Gas Authority of India (GAIL) for its DBPL project.
