RC Mansukhani, chairman, Man Industries says the deal has to be completed in the next six to eight months.
After having bagged an order worth Rs 550 crore for the supply of pipes for oil and gas sectors, Man Industries ' total order now stands at Rs 1600 crore.
In an interview to CNBC-TV18, RC Mansukhani, chairman, Man Industries says the deal has to be completed in the next six to eight months.
Furthermore, he expects the company's margins to grow at 11-12 percent.
Transcript to follow soon.
Man Industries stock price
On September 29, 2014, at 14:14 hrs Man Industries (India) was quoting at Rs 60.50, up Rs 2.95, or 5.13 percent. The 52-week high of the share was Rs 92.00 and the 52-week low was Rs 51.10.
The company's trailing 12-month (TTM) EPS was at Rs 1.71 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 35.38. The latest book value of the company is Rs 116.15 per share. At current value, the price-to-book value of the company is 0.52.
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