Man Industries (India) Ltd Share Price – NSE /  BSE

Steel, Small Cap

This MoU, which is effective immediately and will remain in force for a period of five years, seeks to explore the potential for establishing a steel pipe manufacturing facility in the Kingdom of Saudi Arabia through MAN or its subsidiaries.

The collaboration is also designed to undertake the joint development of advanced capabilities, technologies, and resources.

This effort aims to support the energy, infrastructure, and industrial requirements of Saudi Arabia, the GCC, and the broader Middle East region.

MAN Industries (India) is the flagship company of the MAN Group. The company is one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India, with capabilities in LSAW (longitudinal submerged arc welded), HSAW (helical submerged arc welded), and ERW (electric resistance welded) pipe technologies, as well as advanced pipe coating solutions.

The company's consolidated net profit rose 16.07% to Rs 36.98 crore on a 3.46% increase in revenue to Rs 834.09 crore in Q2 FY26 as compared with Q2 FY25.

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Man Industries (India) has entered into a Memorandum of Understanding (MoU) with the Aramco Asia India, to explore the long-term supply of product range of MAN Industries (India) or any of its subsidiaries and for business potential of setting up a manufacturing facility in Saudi Arabia.

Key Highlights of the MOU:

• The MoU is effective immediately for a period of five years.
• Exploring the potential to establish a state-of-the-art steel pipe manufacturing facility in the Kingdom of Saudi Arabia through MAN or its subsidiaries.
• Joint development of advanced capabilities, technologies, and resources to support the energy, infrastructure, and industrial requirements of Saudi Arabia, the GCC, and the broader Middle East region.

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Net profit of Man Industries (India) rose 16.07% to Rs 36.98 crore in the quarter ended September 2025 as against Rs 31.86 crore during the previous quarter ended September 2024. Sales rose 3.46% to Rs 834.09 crore in the quarter ended September 2025 as against Rs 806.23 crore during the previous quarter ended September 2024.

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The board of Man Industries (India) at its meeting held on 13 November 2025 has approved the incorporation of the following subsidiaries:

- Incorporation of a step-down subsidiary namely Man Coating Complex - L.L.C - S.P.C, being the subsidiary of Man Overseas Metal DMCC, a wholly owned subsidiary of the company.

- Incorporation of a step-down subsidiary namely Man Overseas Investment LLC, being the subsidiary of Man Overseas Metal DMCC, a wholly owned subsidiary of the Company.

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