# Man Industries (India) has completed the acquisition of a 100% equity stake in National Pipe Company Limited (NPC) NPC is an established manufacturer of HSAW and LSAW pipes with an installed manufacturing capacity of approximately 430,000 MT per annum.

*business · news · 2026-05-21 · scanx.trade*

## Key points

- Man Industries acquired 100% equity in National Pipe Company Limited for about USD 102 million.
- The acquisition was executed through its Saudi Arabian subsidiary, Man International Steel Industries Company.
- NPC's facility will soon add a Coating Mill to meet Saudi demand for coated pipelines.
- NPC is debt-free, profitable, and has a solid order book featuring clients like Saudi Aramco.

**Companies:** Man Industries (India), National Pipe Company Limited
**Countries:** India, Saudi Arabia

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/man-industries-india-acquires-100-stake-in-national-pipe-company-limited-for-usd-102-million-rs-1-000-crores/40898174)

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