Man Industries is constructing a greenfield stainless steel seamless pipe plant in Jammu that will be completed by December 2026. The company expects a consolidated revenue of INR 5,000–5,500 crore for FY27 with an EBITDA margin of 13-15%.  

May 25, 2026

Man Industries (India) Ltd is constructing a greenfield stainless steel seamless pipe plant in Jammu that will be completed by December 2026, with commercial production anticipated from FY 2027-28 onwards. 

With this move, and other developments happening in the company such as 5-year Memorandum of Understanding (MoU) with Aramco Asia India and 100% equity stake in National Pipe Company (NPC), Man Industries expects a consolidated revenue of INR 5,000–5,500 crore for FY27 with an EBITDA margin of 13-15%.  

The company’s current standalone order book stands at approximately INR 3,000 crore, indicating a strong revenue visibility in  FY27. 

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Man Industries operates two advanced manufacturing facilities in Anjar, Kutch District, Gujarat and Pithampur, Madhya Pradesh, together spanning over ~182 acres. With a combined manufacturing capacity exceeding 1.2 million tonnes per annum (TPA), the plants produce LSAW, HSAW, and ERW pipes, maintaining stringent quality control at every stage.