Man Industries gain 4% on approval from Shell Global

Man Industries (India) Ltd saw a 4% surge in shares on April 19th after securing approval from Shell Global for pipeline coating in Gujarat. This approval, granted after meticulous evaluation, drove shares to an intraday high of ₹401.3 on the NSE.

It marks a significant milestone for the company, covering external, internal, and concrete coating of steel pipelines in Anjar, Gujarat. The rigorous scrutiny of its coating mill by Shell Global Solutions International BV underscores Man Industries’ commitment to quality.

Compliance with Shell’s standards is expected to enhance credibility, mitigate risks, and optimize performance. The recent approval validates Man Industries’ capabilities, positioning it for continued success in the pipeline industry.

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