Archive · 20 Nov 2025
Man Industries Soars on Saudi Aramco MoU
A small Indian company, Man Industries, jumped 6% to a record high after signing a deal with a Saudi Arabian company to possibly build a new factory in Saudi Arabia.
This deal could help both companies make more steel pipes for energy projects.
The Indian company's shares have been doing well for a long time.
Man Industries shares surged 6% to an all-time high
The company signed an MoU with Saudi Aramco's subsidiary Aramco Asia
The MoU explores establishing a steel pipe manufacturing facility in Saudi Arabia
The agreement is effective for five years
Man Industries has delivered strong returns over various time frames
- Who
- Man Industries and Aramco Asia (a Saudi Aramco subsidiary)
- What
- Signed a memorandum of understanding (MoU)
- When
- November 19, 2025
- Where
- Kingdom of Saudi Arabia
- Why
- To explore establishing a steel pipe manufacturing facility
- MoU Duration
- Five years
- Man Industries Share Increase
- 6% to ₹472.30
- Man Industries 6-Month Return
- 41%
- Man Industries 1-Year Return
- 51%
- Man Industries 3-Year Return
- 478%
- Man Industries 5-Year Return
- 544%