MAN Industries Share Price Gains Over 3% as it Enters MoU with Aramco Asia India

MAN Industries (India) Limited has entered into a Memorandum of Understanding (MoU) with Aramco Asia India Pvt Ltd (AAI) to strengthen long-term supply of its product range and to explore establishing local manufacturing capabilities in Saudi Arabia.  

The MoU was signed on November 19, 2025, and represents a strategic cooperation in the energy and infrastructure sectors between India and Saudi Arabia. 

MoU Details and Key Highlights of MAN Industries 

The MoU is effective immediately and will remain valid for 5 years. It envisages the potential establishment of a steel pipe manufacturing facility in the Kingdom of Saudi Arabia through MAN Industries or its subsidiaries.  

The collaboration also includes joint development of advanced technologies, capabilities, and resources to serve the energy, infrastructure, and industrial requirements of Saudi Arabia, the GCC, and the wider Middle East region. 

Management Comments 

As per the exchange filings, Mr. Nikhil Mansukhani, Managing Director, MAN Industries (India) Limited, said: “This MoU with Aramco Asia India is a testament to MAN’s proven global track record of over three decades in delivering high-quality line pipe solutions to the world’s most prestigious energy projects. We are excited about the opportunity to bring our manufacturing excellence and technical expertise to the Kingdom of Saudi Arabia.” 

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About MAN Industries and Aramco Asia 

MAN Industries (India) Limited is an ISO 9001, ISO 14001, and ISO 45001 certified company specialising in LSAW and HSAW line pipes, ductile iron pipes, and advanced coating systems. The company exports to over 30 countries and serves major oil and gas companies, EPC contractors, and infrastructure developers globally. 

Aramco Asia India Pvt. Ltd. is a subsidiary of Saudi Aramco, one of the world’s largest integrated energy and petrochemical enterprises. It supports localisation, technology transfer, and sustainable industrial growth in India and the broader South Asia region. 

Man Industries (India) Share Price Performance  

As of November 20, 2025, at 2:36 PM, Man Industries (India) share price was trading ₹464.80 up by 3.98% from the previous closing price. 

Conclusion 

The signing of the MoU between MAN Industries and Aramco Asia India highlights a cooperative effort to explore local manufacturing opportunities in Saudi Arabia. The agreement sets a framework for potential long-term collaboration in energy sector supply and advanced manufacturing capabilities. 

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