Goodluck India Accelerates Growth with Defence and Aerospace Foray
In an exclusive interview with Tube & Pipe India, Mr. Mahesh Garg, Chairman of Goodluck India Limited, shares the company’s ambitious growth trajectory, driven by innovation and sectoral diversification....
MAN Industries Expanding With Pipe Plants in Jammu and Saudi Arabia
In an exclusive interview with Tube & Pipe India, Mr. Nikhil Mansukhani, MD, MAN Industries (India) Limited, reflects on the company’s evolution, from its beginnings in 1988 as an aluminium extruder to its emergence as a global pipe manufacturer....
Maharashtra Seamless Eyes Capacity Expansion With INR 852 Crore Investments
In an exclusive interaction with Tube & Pipe India, Mr. Shiv Kumar Singhal, President (Commercial), Maharashtra Seamless Limited (MSL), talks about the company’s ambitious growth roadmap backed by an INR 852 crore capex plan spread over 2024-2029....
Goel Pipes Sets Sights on 500,000 MTPA Capacity with Green Growth Strategy
In an exclusive interview with Tube & Pipe India, Mr. Aayush Goel, Director of Goel Pipes, shares how the company is redefining quality and sustainability in steel pipe manufacturing. With a current installed capacity of 180,000 MTPA, and a current achievement of around 130,000 MTPA, the company plans to produce 500,000 MTPA finished goods by 2029....
Indus Tubes Brings Focus On Client Service and Sustainable Manufacturing
In an exclusive interview with Tube & Pipe India, Mr. I.P. Jain, Director and Mr. Akash Gupta, CEO of Indus Tubes Limited reflect on company’s evolution from a regional steel pipe supplier into a diversified industrial player...
MAN Industries Expanding With Pipe Plants in Jammu and Saudi Arabia
In an exclusive interview with Tube&PipeIndia , Mr. Nikhil Mansukhani, MD, MAN Industries (India) Limited, reflects on the company’s evolution, from its beginnings in 1988 as an aluminium extruder to its emergence as a global pipe manufacturer. The company has recently announced INR 600 crore and INR 550 crore capex projects in Saudi Arabia and Jammu, respectively. Man Industries achieved record-breaking FY25 revenue and earnings, underscored by its expanded 1.18 million tonnes per annum capacity spread across facilities in Anjar (Gujarat) and Pithampur (Madhya Pradesh), and cutting - edge spiral mill capabilities, with a new mill in Gujarat facility. The company is exploring strategic expansions and partnerships including setting up new facilities internationally, to tap into high-growth markets and increase export potential.
Mr. Nikhil Mansukhani, MD, MAN Industries (India) Limited
Tube & Pipe India: Can you walk us through your business journey, highlighting major milestones and crucial achievements?
Nikhil Mansukhani: Established in 1988, MAN Industries (India) Limited began manufacturing aluminium extrusion products and quickly transitioned into one of India’s premier producers and exporters of large-diameter line pipes. In 1994-95, the company diversified into LSAW pipes, marking its move into energy infrastructure. By 2004-05, MAN had expanded capacity by entering HSAW pipe production. In 2006, it secured approvals from global oil majors including Shell, Total, and ADNOC, enabling consistent exports to the Middle East, Africa, and Europe. Over the 2010s, the company executed pipeline projects across more than 60 countries spanning oil & gas, petrochemicals, and water transmission. Between
2020 and 2023, it delivered over 20,000 km of pipelines, cementing its position among India’s top SAW pipe manufacturers.
In FY24- FY25, MAN announced two significant capex projects: an INR 600 crore SAW pipe manufacturing facility in Saudi Arabia aligned with Vision 2030, and an INR 550 crore stainless-steel seamless pipe plant in Jammu targeting import substitution. To fund growth and bolster its balance sheet, the company successfully raised INR 300 crore through preferential allotment in FY25. As a result, MAN reported its highest-ever annual revenue, EBITDA, and PAT in FY25, reflecting robust execution and an improved product mix.
TPI: The company has recently invested in a pipe manufacturing facility in Saudi Arabia and has an expansion project underway in J&K. Can you shed light on these projects and further growth plans?
NM: Yes, we’ve committed approximately INR 1,150 crore across two major initiatives: an INR 600 crore large diameter SAW (submerged arc welded) pipe plant in Saudi Arabia, and an INR 550 crore stainless-steel seamless pipe plant in Jammu & Kashmir. The Saudi facility supports Vision 2030 infrastructure projects, while the Jammu plant addresses import substitution, benefiting from lower power tariffs and regional incentives. Both are slated for commissioning in Q3 FY26, with projected peak revenues of INR 3,000 crore and INR 1,100 crore respectively. To fund growth and strengthen the balance sheet, we raised INR 300 crore through preferential allotment in FY25 and reported our highest-ever annual revenue, EBITDA, and PAT.
TPI: Can you tell us about your product portfolio and its capacities catering to the tube and pipe industry?
NM: At MAN Industries, our product portfolio is built to meet the diverse needs of the global tube and pipe industry– particularly in sectors like oil & gas, water transmission,
petrochemicals, slurry pipelines, and emerging hydrogen infrastructure.
We manufacture LSAW pipes, suitable for high-pressure oil & gas transmission and offshore pipelines. These pipes range in diameter from 16” to 56”, and are renowned for their strength and dimensional accuracy. Our HSAW pipes- with diameters from 18” to 130”, are ideal for water transmission and slurry applications, and are widely adopted by EPC contractors and municipal infrastructure projects.
We also produce ERW (Electric Resistance Welded) pipes, designed for API-certified structural and medium-pressure pipelines, with recent commercialization efforts contributing to our topline. Soon, our Jammu plant will manufacture stainless-steel seamless pipes for specialized applications in refineries, petrochemicals, power, and engineering- supporting import substitution and enhancing margins.
“To fund growth and bolster its balance sheet, the company successfully raised INR 300 crore through preferential allotment in FY25. As a result, MAN reported its highestever annual revenue, EBITDA, and PAT in FY25, reflecting robust execution and an improved product mix”
