Man Industries (India) Limited has announced that it has signed a Memorandum of Understanding (MoU) with Aramco Asia India Pvt. Ltd. to explore long-term business opportunities, including the potential establishment of a state-of-the-art steel pipe manufacturing facility in Saudi Arabia.
The MoU, effective from 19 November 2025, will remain valid for five years and aims to strengthen cooperation between the two companies in areas aligned with energy, infrastructure, and industrial growth needs across Saudi Arabia, the GCC, and the broader Middle East.
Under this understanding, both parties will jointly evaluate the commercial feasibility of setting up a manufacturing unit through Man Industries or its subsidiaries. The collaboration will also explore the long-term supply of Man Industries’ existing product range.
The company confirmed that the MoU does not include any special rights, shareholding commitments, or changes in management or control. The agreement is non-binding and does not impose any financial liabilities or restrictions on Man Industries. It is not a related-party transaction, and no issuance of shares is involved.
