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Home > News > Man Group To Exit Realty To Focus On Steel Pipe Making

Man Group to exit realty, to focus on steel pipe making

Infrawindow News Bureau




Apr. 24, 2012, 11:34 AM

Man Group to exit realty, to focus on steel pipe makingThe Man group is planning to exit its real estate business and will focus on its core business of steel pipe manufacturing. The group, which has invested Rs 350 crore in real estate via its subsidiary Man Infraprojects, will sell off its projects in 18 to 24 months, according to reports in Financial Express.

Man Infraproject, founded in 2006, is engaged in real estate management and development. It undertakes hospitality, residential, commercial, information technology park, and SEZ projects.

The Man Group promoted by the Mansukhani Family in the 1970s is a diversified group with its flagship company Man Industries (India) Ltd. It was incorporated in 1988; it commenced operations with the manufacturing of aluminium extrusion products at a unit in Pithampur, MP.

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