Man Industries

Man Industries and its step-down subsidiary National Pipe Company in Saudi Arabia have received new orders worth approximately ₹1,000 crore for the supply of pipes. The parent company accounts for ₹300 crore of the total, while NPC contributes ₹700 crore. The orders are scheduled for delivery within six to nine months. The consolidated unexecuted order book has risen to ₹4,100 crore, reflecting improved business conditions and customer confidence.

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June 18 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) - STEP DOWN SUBSIDIARY RECEIVE NEW ORDERS OF APPROX 10 BILLION RUPEES

Source text: [ID:]

Further company coverage: MIND.NS

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March 5 (Reuters) - Man Industries (India) Ltd MIND.NS:

• DO NOT FORESEE MATERIAL IMPACT ON ITS OPERATIONS, FINANCIALS DUE TO GEOPOLITICAL SITUATION

Source text: ID:nBSE6BG5KH

Further company coverage: MIND.NS

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Feb 9 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) LTD DEC-QUARTER CONSOL NET PROFIT 550.4 MILLION RUPEES

• MAN INDUSTRIES (INDIA) LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.3 BILLION RUPEES

Further company coverage: MIND.NS

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Jan 12 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) LTD - RECEIVES ORDERS WORTH APPROX. 5.50 BILLION RUPEES

Source text: ID:nBSE8SXRhg

Further company coverage: MIND.NS

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Oct 10 (Reuters) - Man Industries (India) Ltd MIND.NS:

• SAT PASSES STAY ORDER ON SEBI ORDER DATED SEPTEMBER 29, 2025

Source text: ID:nBSE6mTm7b

Further company coverage: MIND.NS

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** Shares of Man Industries (India) MIND.NS drop 10.6% to 363.70 rupees

** SEBI has restrained company and three others from accessing securities market for two years over alleged fund diversion

** Penalty of 2.5 mln rupees ($28,178.54) each imposed on MIND, chairman & director Ramesh Mansukhani, managing director Nikhil Mansukhani, and ex-chief financial officer Ashok Gupta

** Stock set to fall for fifth straight session

** Trading volume at over 5x 30-day average

** MIND up nearly 11% YTD

($1 = 88.7200 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Adds details from order throughout

Sept 29 (Reuters) - India's market regulator barred Man Industries MIND.NS and three of its top executives, including the chairman, from accessing the securities markets for two years over alleged fund diversion, according to an order issued on Monday.

The regulator found the company failed to consolidate its unit, Merino Shelters, in its financials between fiscal years 2015 and 2021, misrepresented related-party transactions, and engaged in round-tripping of funds to mask its financial position.

It will seek a penalty of 2.5 million rupees ($28,186.48) each from the pipes and steel products maker, its chairman Ramesh Mansukhani, managing director Nikhil Mansukhani, and former finance chief Ashok Gupta.

SEBI appointed a forensic auditor in November 2021 to examine the company's books of accounts during the investigation period.

($1 = 88.6950 Indian rupees)

(Reporting by Urvi Dugar; Editing by Shreya Biswas and Leroy Leo)

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** Shares of Man Industries (India) MIND.NS rise 8.4% to 425.2 rupees, their biggest intraday pct-gain since mid-May

** Pipes and steel products maker gets export order for pipes worth 17 billion rupees ($194.27 million) from an international customer

** Stock up 28% YTD

($1 = 87.5060 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Aug 11 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) JUNE-QUARTER CONSOL NET PROFIT 276.2 MILLION RUPEES

• MAN INDUSTRIES (INDIA) JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.42 BILLION RUPEES

Further company coverage: MIND.NS

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July 28 (Reuters) - Man Industries (India) Ltd MIND.NS:

• RAISES 2.55 BILLION RUPEES VIA PREFERENTIAL ALLOTMENT

Further company coverage: MIND.NS

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** Shares of Man Industries MIND.NS jump 3.2% to 406.8 rupees, its highest level in nine months

** Pipes and steel products maker got export order worth 11.5 billion ($134.10 million), taking its total unexecuted order book to 35 billion rupees

** Stock up ~25% year-to-date

($1 = 85.7580 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Man Industries MIND.NS jump 20% to 314.25 rupees apiece

** Pipes and steel products maker reports net profit that nearly tripled year-on-year in the March quarter to 681.5 million rupees (~$8 million)

** MIND also posts its highest-ever revenue, core profit in the fourth quarter as well as on a fiscal year basis

** Growth momentum driven by capacity expansion, diversifying revenue streams and strengthening market presence in core business, says MIND

** MIND targets 20% year-on-year revenue growth in fiscal year 2026, nearly double the 11.6% revenue growth achieved in FY2025

** Trading volume on MIND shares at 2.2 million as of 1:55 p.m. IST, 5.5x the 30-day average, data compiled by LSEG shows

** MIND shares down 20% in 2025 so far including session's gains, exchange data shows

($1 = 84.9050 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

April 3 (Reuters) - Man Industries (India) Ltd MIND.NS:

• CO’S NAME INCLUDED IN QATAR ENERGY LNG'S APPROVED VENDOR LIST

Source text: ID:nBSE3b6b10

Further company coverage: MIND.NS

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** Shares of Man Industries (India) MIND.NS rise as much as 8.2% to 288.55 rupees
** The steel products maker says its unit Merino Shelters monetizes Navi Mumbai land with Paradise Green-Spaces LLP worth about 7.2 bln rupees to 7.7 bln rupees ($84.2 mln to $90 mln)
** Monetization program will span over a period of 5-6 years and the funds generated from the monetization of assets will support co's expansion plans - MIND

** Monetization program entails the process of converting undeveloped land into revenue-generating asset
** Stock on track for a third consecutive session of gain, if trend holds
** Stock rose 25% in March month, snapping two straight monthly fall
** Stock down 13.9% YTD

($1 = 85.5210 Indian rupees)

Feb 12 (Reuters) - Man Industries (India) Ltd MIND.NS:

• DEC-QUARTER CONSOL NET PROFIT 341.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.32 BILLION RUPEES

Source text: [ID:]

Further company coverage: MIND.NS

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Jan 8 (Reuters) - Man Industries (India) Ltd MIND.NS:

• SANJAY KUMAR AGRAWAL RESIGNS AS CFO

Source text: ID:nBSE8TLWWH

Further company coverage: MIND.NS

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Nov 21 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) - TO MONETIZE ASSETS OF MERINO SHELTERS

Source text: ID:nBSE9H7FgY

Further company coverage: MIND.NS

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Nov 19 (Reuters) - Man Industries (India) Ltd MIND.NS:

• TO CONSIDER SALE OF ASSET OF UNIT

Source text: ID:nBSE9mSC6Z

Further company coverage: MIND.NS

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Aug 13 (Reuters) - Man Industries (India) Ltd MIND.NS:

• EXPANSION PLAN TO SET UP NEW PLANT AT DAMMAM, SAUDI ARABIA

• PROJECT COST OF ABOUT 6 BILLION RUPEES FOR NEW PLANT

Further company coverage: MIND.NS

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** Shares of Man Industries MIND.NS rise as much as 10.8% to a record high of 513.7 rupees

** Steel products maker said on Monday it got order worth 18.5 bln rupees ($221.7 mln) from an international co for supply of pipes

** More than 1.1 mln shares change hands, 2.3x its 30-day avg

** Stock up 73% so far this year

($1 = 83.4525 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) LTD- GETS NEW EXPORT ORDERS OF ABOUT 5.05 BILLION RUPEES

Source text for Eikon: ID:nBSE89v4W4

Further company coverage: MIND.NS

** Shares of Man Industries (India) MIND.NS up 1.2%, rising for third session in a row amid weaker broader markets

** Co gets nod from Netherlands-based Shell Global Solutions International BV for pipelines coating contract

** Stock is up 36.4% YTD, outpacing its peers

** Jindal Stainless JIST.NS and Tata Steel TISC.NS, have gained 17.4% and 13.7%, respectively

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

April 3 (Reuters) - Man Industries (India) Ltd MIND.NS:

• CO'S GUJARAT PLANT GOT CE CERTIFICATION

Source text for Eikon: ID:nBSE71bnfy

Further company coverage: MIND.NS

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March 27 (Reuters) - Man Industries (India) Ltd MIND.NS:

• MAN INDUSTRIES (INDIA) LTD - MAN STAINLESS STEEL TUBES LIMITED ANNOUNCES COMMENCEMENT OF FIRST ERW MILL OPERATION AT ANJAR

• MAN INDUSTRIES (INDIA) - FACILITY RENDERS MSSTL ELIGIBLE FOR CONCESSIONAL INCOME TAX RATE OF 15% TILL PERPETUITY

• MAN INDUSTRIES (INDIA) - ERW MILL HAS INSTALLED CAPACITY OF 50,000 METRIC TONS PER ANNUM

Source text for Eikon: [ID:]

Further company coverage: MIND.NS

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** Shares of Man Industries (India) MIND.NS up 3.8%

** Stock rose as much as 5% to hit day's high of 398.55 rupees

** Steel products maker co said it bagged new orders worth 5.55 bln rupees (about $67 mln)

** MIND on track to snap four consecutive session of losses, if trend holds

** Stock trading above 100- and 200-day moving avgs since last March

** Stock up ~11% so far in February, on track to snap six-month gain

($1 = 82.8910 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

** Shares of Man Industries MIND.NS rise as much as 3% to 419 rupees apiece

** Welded pipes and steel products maker wins orders worth about 5.25 billion rupees (about $63 million), for the supply of pipes, from domestic and international customers

** These orders are to be executed in the next six to seven months

** With the new orders, MIND's total unexecuted order book stands at 16 bln rupees

** Including Monday's gains, MIND's shares up 44% in 2024 so far - LSEG data

** MIND had hit a record high on Jan. 15 after receiving orders worth 4 billion rupees nL4N3E50XA

($1 = 82.9800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Man Industries (India) MIND.NS down 11.3% after co posts weak Q3 results

** Steel products maker on Tuesday reported a 17.7% Y/Y fall in net profit, as expenses grew 29.2%

** Co approved fundraising up to 2.50 bln rupees ($30 mln)

** Trading vol 1.8x the 30-day avg

** Stock rose ~53% in Q3 FY24 and 267% in CY24

($1 = 83.1530 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 23 (Reuters) - Man Industries (India) Ltd MIND.NS:

• APPROVED RAISING OF FUNDS UP TO 2.50 BILLION RUPEES

• DEC-QUARTER CONSOL NET PROFIT 306 MILLION RUPEES VERSUS PROFIT 372 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.33 BILLION RUPEES VERSUS 6.58 BILLION RUPEES

Source text for Eikon: ID:nBSE1KYnDP

Further company coverage: MIND.NS

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** Shares of Man Industries (India) MIND.NS up 5.4% to a record high of 355.5 rupees

** Steel products maker received new orders worth 4 bln rupees (about $48 mln) for supply of pipes

** Stock has been trading below its 50-, 100-, 200-day simple moving avg since early 2020

** It gained ~260% in 2023

($1 = 82.8090 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))