New Delhi, May 2 -- Man Industries (India) Ltd, a major producer of industrial-grade pipes for the oil and gas and water sectors, plans to complete its Rs.650 crore pipe manufacturing expansion facility in Damman, Saudi Arabia, in the current fiscal year, said its managing director Nikhil Mansukhani in an interview.

This will help it capitalise on growing demand and local import duties and cater to growing markets in Europe and America.

The company was looking forward to the completion of two of its expansion projects in Saudi Arabia and another in Jammu and Kashmir, as both had the potential to add $500 million to its top line at full capacity, Mansukhani added.

Man Industries, which reported profits of just below Rs.100 crore and rev...