Man Industries (India) gains on inaugurating advanced spiral mill, coating facility in Pithampur
Man Industries (India) is currently trading at Rs. 268.25, up by 2.10 points or 0.79% from its previous closing of Rs. 266.15 on the BSE.
The scrip opened at Rs. 273.70 and has touched a high and low of Rs. 274.60 and Rs. 259.90 respectively. So far 27746 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 513.00 on 08-Jul-2024 and a 52 week low of Rs. 201.45 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 281.85 and Rs. 201.45 respectively. The current market cap of the company is Rs. 1736.52 crore.
The promoters holding in the company stood at 46.15%, while Institutions and Non-Institutions held 4.80% and 49.05% respectively.
Man Industries (India) has inaugurated its newly installed Spiral Mill for narrow range pipes and an advanced Polyurethane (PU) Coating Facility (and 3 Layer Polyethylene (3 LPE) in progress) at its state-of-the-art manufacturing plant in Pithampur, Madhya Pradesh. With an investment of around Rs 100 crore, the facility has successfully increased its capacity by an additional 50,000 TPA, expanding its total annual production capacity from 100,000 TPA to 150,000 TPA, significantly enhancing the company’s manufacturing capabilities.
The new facility marks a significant expansion of the company' production capabilities, enabling the company to manufacture pipes ranging from 12 inches to 120 inches in diameter, enhanced from the previous range of 28 inches to 120 inches. This enhancement will allow the company to cater to the increasing demand for high quality narrow-range pipes required in critical sectors such as oil & gas, water transmission, and infrastructure development.
The newly built Spiral Mill is designed to meet the highest industry standards, ensuring precision, strength, and reliability in high-pressure pipeline transmission systems. The advanced PU & 3 LPE Coating Facility will further reinforce pipe durability, enhancing corrosion resistance and longevity, making them suitable for diverse environmental conditions. This investment aligns with MAN Industries' commitment to technological innovation, sustainability, and superior product quality.
Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.
