Company & Market News
04:55 PM Wednesday, 29 April MAN Industries, a leading player in the saw pipe segment, has bagged an order worth Rs 13.40 billion. Conforming the news, RC Mansukhani, chairman, MAN Industries, said it has bagged an LSAW (Longitudinal Submerged Arc Welded) pipe order from the hydro carbon sector in the Persian Gulf. The company`s order book position as of date stands at Rs 7 billion, he said. Post this order, our order book stands at Rs 20 billion. We expect to beat the Rs 50 billion-mark in the coming months, he added. Source : CNBC TV 18 03:51 PM Tuesday , 28 April Biocon, fully integrated biotechnology enterprise, announced a steep drop of in 61.90% the consolidated net profit for the quarter ended March 2009. Commenting on the results, Kiran Mazumdar-Shaw, chairman and managing director, Biocon said, ``fiscal year `09 has been one of our most challenging years where foreign currency volatility made it difficult to manage a sharply depreciating Rupee resulting in large market...