# Man Industries shares jump 6% on QatarEnergy approval, eyes Gulf expansion

2026-08-14T06:14:56+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Man Industries shares rose as much as 6.34% to Rs 614.40 on Friday after the company said QatarEnergy added it to a preferred manufacturers list for carbon steel LSAW pipes, coating and bends. The approval makes Man Industries eligible to bid for pipe requirements in QatarEnergy's LNG expansion, one of the world's largest. Managing director Nikhil Mansukhani said the company plans aggressive overseas expansion over five years, betting on rising demand for oil and gas pipelines as Gulf countries diversify energy transport routes amid geopolitical risks. Exports already account for 70-80% of revenue.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/man-industries-shares-jump-6-percent-as-qatarenergy-approval-opens-door-to-mega-lng-pipeline-orders-11908133>
- livemint.com <https://www.livemint.com/companies/man-industries-bets-big-on-overseas-expansion-as-gulf-conflict-spurs-pipeline-demand-11786700320953.html>

Tags: LNG, Man Industries, Middle East, pipes, QatarEnergy, stocks
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