Manbro Industries Ltd — Updates, 10-07-2025: Company Update

Manbro Industries Limited has announced a board meeting to approve a ₹25 Cr investment to acquire a 51% stake in Shivam Pipe Industries, making it a subsidiary. Shivam Pipe Industries, established in 2009, manufactures MS pipes, galvanized pipes, steel tubes, electric steel poles, and other tubular structures under the brand "XTECH PIPES." The firm reported a turnover of ₹60.20 Cr in FY23-24, up from ₹7.09 Cr the previous year, reflecting strong growth. This acquisition aims to expand Manbro’s footprint in the steel products sector and enhance its business operations.