5132692026-05-215132692026-05-212026-05-21iso4217:INRxbrli:pure

513269

Man Industries (India) Limited

MANINDS

INE993A01026

New

Acquisition (including agreement to acquire)

true

2026-05-21

01:30:00

2026-05-21

Man International Steel Industries Company

Subsidiary

National Pipe Company Limited

18988700000

3436400000

13385300000

false

true

Pipe manufacturing

The Acquisition is in line with the Company’s international expansion strategy and is expected to strengthen the Company’s global presence in the pipe manufacturing industry. The acquisition is expected to provide access to infrastructure, energy, desalination and industrial opportunities in the Kingdom of Saudi Arabia and strengthen the Company’s Middle East and international operations. National Pipe Company Limited has an installed manufacturing capacity of approximately 430,000 MT per annum.

Yes

The acquisition is completed after completion of customary conditions precedent and receipt of applicable approvals, including all necessary approvals in the Kingdom of Saudi Arabia and other statutory and regulatory approvals, as applicable.

false

The acquisition is completed.

Cash

10000000000

Cash Consideration USD 102 Million (~INR 1,000 Crores)

10000000000

National Pipe Company Limited is one of the established manufacturers of HSAW and LSAW pipes in the Kingdom of Saudi Arabia. NPC caters to oil & gas pipelines, water transmission, infrastructure and industrial projects and serves reputed customers including Saudi Aramco, Saudi Water Authority (SWA), Saudi Water Partnership Company (SWPC), Water Transmission & Technologies Co. (WTTCO), KOC (Kuwait), Qatar Petroleum and leading global EPC contractors including McDermott, L&T, SAIPEM, Subsea7, Hyundai E&C and others. NPC has presence in the Kingdom of Saudi Arabia and other international markets.

Saudi Arabia