MAN Industries (India) Limited, with its wholly owned subsidiary, MAN International Steel Industries Company (MISIC) in Saudi Arabia, has acquired 100% National Pipe Company Limited (NPC) for a total cash outflow of USD 102 Million. 

May 21, 2026

MAN Industries (India) Limited, one of India’s manufacturers of large-diameter carbon steel line pipes, has announced that its wholly owned subsidiary, MAN International Steel Industries Company (MISIC) in Saudi Arabia, has acquired 100% National Pipe Company Limited (NPC), one of the Kingdom of Saudi Arabia’s most established API large-diameter carbon steel line pipe manufacturers.

The company has acquired 100% National Pipe Company Limited (NPC), Saudi Arabia, with its plant located in Dhahran and office in Al Khobar, Eastern Province, Kingdom of Saudi Arabia, for a total cash outflow of USD 102 Million (~INR 1,000 Crores). NPC has a 430,000 metric TPA capacity of API-certified large-diameter pipe.

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NPC carries a strong liquid assets of USD 83 million, comprising cash and bank balances of USD 38 million, trade receivables of USD 13 million and finished goods inventory of USD 32 million, and a net worth of USD 158.63 million, reflecting the inherent asset strength of this acquisition. With this acquisition, Man Industries will solidify its position in Saudi Arabia