Man Industries (India) Ltd is a major producer of industrial-grade pipelines in the oil, gas and water sectors, and plans to complete its ₹In the current fiscal year, the 6.5 billion pipeline manufacturing expansion agency in Dhamman, Saudi Arabia, said its managing director Nikhil Mansukhani was in an interview.
This will help it tap into growing demand and local import tariffs and cater to the growing market in Europe and the United States.
Mansukhani added that the company is looking forward to completing two expansion projects in Saudi Arabia, as well as another expansion projects in Jamu and Kashmir, as both have the potential to add $500 million to its highest product at full load.
Human industry, reported profits slightly lower than ₹Rs 100 million and revenue exceeds ₹In the first nine months of 2024-25, the target is 30-35% growth in India's existing facilities in 2025-26, with momentum continuing until 2026-27, with growth likely to reach 40% overseas with increasing expansion projects in India.
“We will be close ₹2025-26 CAPEX completed the plants that will land before October to November. They will produce high-value pipelines to help companies increase their revenue. 22,000 tons of stainless steel seamless pipes and pipes themselves can provide 22,000 tons ₹Revenues of Rs 1,000-1,200 crore increased the company. ” said Mansukhani.
In addition to making special pipelines for the oil and gas sectors and the transportation of water, human industry has also entered the manufacturing of special-grade pipes that can transport hydrogen. These pipelines have been tested and certified in Italy. The company expects orders in European countries have developed a new pipeline network for transporting LNG, which can later be used for hydrogen.
Mansukhani said the plan to build green space facilities in Saudi Arabia was reasonable, and the country said the country was imposing a 20% import tax, in addition to the freight cost of $100-200 per ton for transporting large diameter pipelines.
“So, cost competitiveness in Saudi Arabia makes sense. In addition, we see great potential for our products as all Saudi players are booked in the next 2-3 years,” Mansukhani said.
Man Industries is a major player in the pipeline industry, specializing in the production of large diameter carbon hacksaw pipes.
