MAN Industries acquires National Pipe Company for ₹1,000 crore
after close1 source ↓written by the desknot a recommendation
- approximately
- ₹1,000 crore
- and a robust
- 430,000 MTPA
MAN Industries, via its subsidiary Man International Steel Industries, has acquired Saudi Arabia's National Pipe Company for USD 102 million (approximately ₹1,000 crore). This acquisition aims to bolster MAN's global market position and enhance its capabilities in oil, gas, and water transmission projects across the Middle East. The National Pipe Company boasts a production capacity of 430,000 MTPA and a robust operational structure in pipe manufacturing.
Not investment advice. For informational purposes only.