Man Industries shares rally 19% to record high on bagging new orders worth ₹600 crore; key details to know

The stock of Man Industries gained as much as 19.1% to hit a record and intraday high of ₹944 per equity share on the National Stock Exchange (NSE) on Thursday, September 10, compared with Wednesday’s closing price of ₹792.55 per unit. It touched a 5-week low of ₹302.05 apiece on February 2, 2026.

At around 2:51 PM, the scrip was trading 15.94% higher at ₹918.90 per equity share. It has advanced 16% in the past week and 67% over the month. On a year-to-date (YTD) basis, it has soared 135%.

Order details

According to a regulatory filing, the large-diameter carbon steel line pipes manufacturing company said that it received new supply orders from both domestic and international customers.

Worth approximately ₹600 crore, the orders for the supply of various types of pipes are expected to be dellivered within six to nine months.

With these new orders, Man Industries’ total unexecuted order book stands at approximately ₹4,100 crore, it further stated.

“These orders reflect the robust business environment and showcase the trust of the customers they have in the company’s technological and executional capabilities,” the firm added.

Recent update

In a separate regulatory filing dated August 14, the company informed the exchanges about its inclusion in QatarEnergy's preferred manufacturers list (PML) for carbon steel longitudinally submerged arc welded (LSAW) pipes, coating, and bends.

The approval, Man Industries said, makes it an eligible bidder for large-diameter pipe requirements across QatarEnergy's project pipeline, one of the most active capital expenditure programs in global energy.

“QatarEnergy is the driving force behind the world's largest LNG expansion, backed by a multi-year capital expenditure program spanning exploration, production, and infrastructure. PML inclusion gives MAN a direct route into this pipeline of opportunity and adds to its existing relationships with national oil companies across the Middle East,” it added.

Man Industries (India) has a total market capitalisation of ₹6,796.62 crore as of September 10, 2026, according to data on the NSE.