Manbro Industries expands operations with strategic investments and acquisitions

Manbro Industries' board has approved a significant investment of INR250,000,000 to acquire a 51% stake in Shivam Pipe Industries, a partnership firm specializing in value-added green steel products. This move will make Shivam Pipe Industries a subsidiary of Manbro Industries, enhancing its portfolio in the steel sector. In a related expansion effort, the company will invest INR75,000,000 for a 26% stake in KD Ecosystem, a vehicle scrappage facility, positioning it as an associate company and venturing into metal and non-metal recycling.

Additionally, Manbro Industries is acquiring 99.90% equity in KD Infrastructures Private Limited for INR99,000,000, solidifying its position as a subsidiary. The company also announced the establishment of a new corporate office in Guwahati and a change in the address for maintaining its books of accounts. These strategic acquisitions and expansions signal a robust growth trajectory for Manbro Industries.