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Man Industries (India) Limited — Updates, 29-05-2025: Press Release
29-05-2025 | 02:38 pm
29-05-2025 | 02:38 pm
MAN Industries has increased promoter holding to 48.21% after allotting 25 lakh shares via warrant conversion to Man Finance Pvt Ltd. The company is investing ~Rs 600 Cr to enter stainless-steel seamless pipe manufacturing and setting up a line pipe and coating plant in Dammam, Saudi Arabia, targeting local demand growth. Current manufacturing capacity stands at 1.18 MTPA across three units, supporting its core large-diameter carbon steel pipes business for oil & gas, petrochemicals, and related sectors.
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