Man Industries (India) Limited — Updates, 02-06-2025: Press Release

Man Industries has announced a board meeting to seek shareholder approval for raising ₹300 Cr through preferential allotment of convertible warrants and equity shares to fund expansion projects in Jammu and Saudi Arabia, along with working capital and balance sheet strengthening. The company is investing ₹600 Cr in a new Saudi plant for line pipe manufacturing and coating, targeting growth in large diameter carbon steel line pipes for energy and infrastructure sectors.