MAN Industries Raises Rs2.55 Billion via Share Allotment

30 Jul 2025 CW Team

MAN Industries (India) Ltd (“MANINDS”), a leading manufacturer of large-diameter carbon steel pipes, has successfully completed a preferential allotment worth Rs2.55 billion to select non-promoter institutional and strategic investors. This move reflects strong institutional confidence in the company's growth trajectory and execution capabilities.

The allotment included 7,774,383 fully-paid equity shares with a face value of Rs5 each, issued at Rs328 per share (inclusive of a Rs323 premium). The offering attracted significant interest from prominent investors such as Ashish Kacholia, Carnelian Asset Management, Ovata Capital (Hong Kong), Ashika Global Finance Pvt. Ltd., Capri Global Holdings Pvt. Ltd., and RBA & Finance Investment Co, among others.

The capital raised will be utilised to:

Support capital expenditure tied to ongoing expansion projects in Jammu and Saudi Arabia
Strengthen the company’s balance sheet and improve working capital
Accelerate both domestic and international growth, backed by a strong order book

Commenting on the development, Mr. Nikhil Mansukhani, Managing Director, stated: “This capital raise from highly respected investors validates our strategy and strengthens our ability to seize infrastructure opportunities across global markets. It reflects our ongoing focus on sustainable growth and long-term stakeholder value creation.”

Infrastructure Urban

31 Jul 2026

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here..

The Road Ahead Begins Here

The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, on July 8-9, 2026, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, devel..

Wricks® is 50 per cent stronger than conventional bricks

India’s construction boom is colliding with mounting plastic and demolition waste. Angirus is responding with Wricks®, made from recycled waste and already deployed in over 400,000 units nationwide. Kunjpreet Arora, Cofounder and CEO, explains the technology, impact and growth roadmap.With several alternative building materials available, what industry gap did Angirus identify and how does Wricks® address it?The construction industry already has alternatives such as AAC blocks, fly-ash bricks and concrete blocks but these have limitations. AAC blocks may crack due to contraction and expans..