Man Industries (India) Limited, in its Board Meeting held on May 21, 2026, officially announced the completion of its acquisition of a 100% equity stake in the Saudi Arabia-based National Pipe Company Limited (NPC). This strategic acquisition, valued at approximately USD 102 Million (INR 1,000 Crores), was executed through the company’s wholly-owned subsidiary, Man International Steel Industries Company (MISIC). The transaction is a core component of the company’s international expansion strategy, aimed at strengthening its global presence in the pipe manufacturing industry and providing significant access to energy, infrastructure, and desalination opportunities within the Kingdom of Saudi Arabia.

Man Industries (India) Ltd is a prominent manufacturer and exporter of large-diameter Longitudinal Submerged Arc Welded (LSAW) and Helically Submerged Arc Welded (HSAW) pipes, with over three decades of experience in the industry. The company operates advanced manufacturing facilities in Anjar, Gujarat, and Pithampur, Madhya Pradesh, boasting a combined installed capacity exceeding 1.20 million tonnes per annum. Beyond its core pipe manufacturing business, the company provides various anti-corrosion coating systems. In 2025, the company expanded its portfolio by launching an Electric Resistance Welded (ERW) API product line. Recent updates indicate the company maintains a robust order book and continues to secure major projects from both domestic and international markets, supported by a leadership team focused on operational optimization and global expansion.

The company recently reported its financial performance for the third quarter of fiscal year 2025-2026. Man Industries achieved a revenue of ₹838.72 Crores, reflecting a 13.73% growth compared to the corresponding quarter of the previous year. Net profit for the quarter stood at ₹55.04 Crores, representing a significant 61.31% increase year-on-year. On a quarter-on-quarter basis, the company demonstrated strong momentum with a 2.94% increase in revenue and a substantial 48.84% jump in net profit. Notable investors in the company include Ashish Kacholia, who held a 3.04% stake as of March 2026.