Manbro Industries to Invest INR 25 Crores in Shivam Pipe Industries, Acquiring 51% Stake

Manbro Industries Ltd. has approved an investment of INR 25 Crores in Shivam Pipe Industries, a Partnership Firm registered under the I.P. Act, 1932. The investment will result in the acquisition of 51% stake in Shivam Pipe Industries, which is known for its manufacturing of value-added green steel products, including MS Pipes, Galvanized Pipes, Steel Tubes, Electric Steel Poles, and other tubular structures under the brand name 'XTECH PIPES'. Shivam Pipe Industries will become a subsidiary of Manbro Industries upon completion of the investment.