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The Economic Times

Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover

Man Industries India LT NPC Saudi Arabia Middle East

New Delhi: Man Industries (India) Ltd on Thursday announced the completion of the acquisition of 100 per cent stake in Saudi Arabia-based National Pipe Company Ltd (NPC) for USD 102 million (around Rs 981 crore).

The acquisition, through its arm Man International Steel Industries Company (MISIC), aligns with the company's international expansion strategy and is likely to strengthen its global presence in the pipe manufacturing industry, according to an exchange filing.

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