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Man Industries soars on entering into technical collaboration agreement with OMS Oilfield Services

07 Apr 2022 Evaluate

Man Industries (India) is currently trading at Rs. 101.95, up by 2.45 points or 2.46% from its previous closing of Rs. 99.50 on the BSE.

The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 104.50 and Rs. 99.15 respectively. So far 36735 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 5 has touched a 52 week high of Rs. 147.15 on 02-Aug-2021 and a 52 week low of Rs. 76.55 on 28-Feb-2022.

Last one week high and low of the scrip stood at Rs. 106.70 and Rs. 98.70 respectively. The current market cap of the company is Rs. 588.83 crore.

The promoters holding in the company stood at 42.62%, while Institutions and Non-Institutions held 2.13% and 55.25% respectively.

Man Industries (India) has entered into a technical collaboration and know-how agreement with Singapore-based OMS Oilfield Services (OMS), one of Asia’s leading oilfield services and manufacturing company, through its subsidiary Company, Man Offshore & Drilling (MODL).

As part of the agreement, OMS shall grant MODL know-how, technology and trademarks to manufacture specialty connectors and cross over for operations in India. MODL shall manufacture high-quality specialty connectors and cross over for large diameter conductor and surface casing for oil and gas well construction as per the technological expertise of OMS.

This agreement would give Man Industries access to superior technology in manufacturing value added products which will aid the company to increase the existing product offering and cater to the growing demand in the niche segment of Oil & Gas Industry.

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.

Man Industries Share Price

536.90 28.40 (5.59%)
17-Apr-2026 16:59 View Price Chart
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