Iranian Industrial Development & Renovation Construction Company (MANA)

What Iranian Industrial Development & Renovation Construction Company (MANA) does

MANA (شرکت ساختمانی گسترش و نوسازی صنایع ایرانیان مانا) is a Tehran-headquartered, privately held Iranian EPC (Engineering, Procurement, and Construction) contractor founded in 1974, operating as the principal construction arm of MIDHCO (Middle East Mining and Metal Industries Development Holding Company), the parent that took control in 2007–2008 under Iran's Article 44 privatization. The company executes large-scale heavy industrial projects end-to-end, including iron ore concentration plants (5M ton/yr Sangan, 2M ton/yr Zarand), pelletizing plants (2.5M ton/yr Butia), steelmaking (1.5M ton/yr Butia), coking (800K ton/yr Iran Coke), combined-cycle power (450 MW Butia), and municipal wastewater networks for Kerman and Zarand. It also operates internationally in Iraq, executing holy shrine construction (Alawi, Aqilah, Imam Mohammad Baqir) and industrial facilities (rolling mills, cement factory in Amara), supported by project offices in Najaf, Kerman, and Zarand alongside its Tehran headquarters.

The company's underlying technology is conventional industrial EPC execution, augmented by an owned fleet of heavy construction assets — 5 bulldozers, 11 excavators, 15 batching plants, 12 tower cranes, 13 cranes, 42 generators, 10 concrete pump trucks, 23 truck mixers, and supporting machinery — and structured management systems including an Integrated Management System (ISO 9001/14001/45001), Business Process Management System, and PMBOK-aligned project management. Strategic technology alliances with Danieli (Italy), MCC-TCC (China), Sino Steel (China), and SMD provide access to advanced metallurgical process know-how for steelmaking and direct-reduction projects. Grade 1 contractor qualifications from the Plan and Budget Organization (in Water, Facilities & Equipment, Roads & Transport, Buildings & Structures, and Industry) constitute the principal competitive credential.

MANA's business model is project-based professional services: revenue is generated through negotiated and competitively bid EPC contracts for individual industrial sites, with no public pricing disclosure. The primary customer is MIDHCO Group (internal anchor), supplemented by direct Iranian government tenders and private-sector industrial clients; Iraqi projects represent a secondary international stream. Pricing is bid-driven, project-by-project. The CEO has reported approximately 2,000% revenue growth over the past 10 years (averaging ~200% per year), though no absolute revenue figure is disclosed. Customer acquisition relies on enterprise field sales, industry exhibition presence (METALEX, Iran Metafoo), and parent-company affiliation rather than product-led channels.

Name

Iranian Industrial Development & Renovation Construction Company (MANA)

Legal name

شرکت ساختمانی گسترش و نوسازی صنایع ایرانیان مانا (سهامی خاص)

Website

https://managc.midhco.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

51–100 employees

Short description

MANA is a privately held Iranian EPC contractor founded in 1974 and majority-owned by MIDHCO, executing large-scale heavy industrial construction projects — including iron ore concentration, pelletizing, steelmaking, coking, and power plants — primarily for its parent group, with additional work for Iranian government clients and Iraqi industrial and shrine projects.

Ownership category

akta.pro rank

Product category

Industrial Construction / EPC Services

NAICS

Support Activities for Metal Mining (213114)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

akta.pro secondary industries

Project & Construction Management (EPCM, Owner’s Engineer, Scheduling/Controls) (IMAKAOAG), Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning) (IMAKAAAB), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB)

Keywords

• Industrial construction services
• EPC contracting
• Steel plant construction
• Mining infrastructure
• Power plant construction

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Construction & EPC Contracts: MANA generates revenue primarily through executing large-scale industrial construction and EPC (Engineering, Procurement, Construction) contracts. Projects span iron ore concentration plants, pelletizing facilities, steel production plants, coking plants, power plants, sewage treatment networks, and commercial complexes. The company serves the MIDHCO Group's project portfolio as a primary contractor, while also undertaking government and private sector projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MANA is a Grade 1 Iranian EPC contractor that executes large-scale heavy industrial construction projects on a turnkey basis, including iron ore concentration plants, pelletizing plants, steel mills, coking plants, combined-cycle power plants, and wastewater treatment networks. The company primarily serves the MIDHCO Group's mining and steel portfolio, alongside government entities and private-sector clients in Iran and Iraq. Its execution is supported by an owned construction equipment fleet and ISO-certified project management systems.

Product overview

MANA is a large Iranian construction company offering Engineering, Procurement, and Construction (EPC) services for heavy industrial projects. Its portfolio spans iron ore concentration plants (5M ton/year Sangan, 2M ton/year Zarand), steel production facilities (1.5M ton/year Butia), pelletizing plants (2.5M ton/year Butia), coking plants (800K ton/year Iran Coke), combined-cycle power plants (450 MW Butia), and wastewater treatment networks. The company operates internationally in Iraq, executing projects at Shia holy sites and industrial facilities. MANA maintains a large equipment fleet (bulldozers, excavators, batching plants, cranes, concrete pumps, generators) and has implemented internal management systems including an Integrated Management System (ISO-based), BPMS, and PMBOK-aligned project management. MANA is a subsidiary of Midhco (Middle East Mineral and Mining Development Holding).

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Construction Services (EPC) Engineering, Procurement, and Construction (EPC) services for large-scale heavy industrial projects including iron ore concentration plants, steel mills, pelletizing plants, coking plants, power plants, and water/wastewater treatment facilities. Serves government entities, private-sector clients, and the MIDHCO Group domestically in Iran and internationally in Iraq.
• Construction Equipment and Machinery Fleet Owned construction equipment fleet comprising 5 bulldozers, 11 excavators, 7 water tankers, 4 graders, 16 loaders, 8 rollers, 19 compressors, 15 batching plants, 10 concrete pump trucks, 23 truck mixers, 12 tower cranes, 13 cranes, and 42 generators, deployed across MANA's EPC project sites.
• Steel Production Facilities Construction EPC construction of steel production facilities, including the 1.5 million ton/year Butia Steel plant, 2.5 million ton/year Butia pelletizing plant, and 800,000 ton/year Iran Coke plant in Zarand for the MIDHCO Group.
• Iron Ore Concentration Plants Construction EPC construction of iron ore concentration plants including the 5 million ton/year Sangan plant in Khorasan Razavi (started 7 Ordibehesht 1393) and the 2 million ton/year Zarand plant in Kerman province.
• Power Generation Plants Construction EPC construction of power plants including the 450 MW Butia combined-cycle power plant in Kerman province, which won the Top Concrete Project Award at the 26th National Conference of ACI Iran in December 2023.
• Wastewater Treatment and Collection Networks Construction Construction of sewage collection networks and wastewater treatment plants for the cities of Kerman and Zarand in Kerman Province, supporting municipal infrastructure clients.
• International Construction Projects (Iraq) Construction and completion projects executed in Iraq including the non-pilgrim section of Hazrat Ali Shrine in Najaf (started 24 Mehr 1398), motor room and distribution system of Aqilah Shrine in Karbala, the basement of Imam Mohammad Baqir Shrine in Kazimain, rolling mill plants in Najaf and Karbala, and cement factory in Amara.

Quantifiable outcome

• Over 167 large-scale projects completed successfully across Iran and Iraq.
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered major, significant and minor.

• MCC-TCC (China)majorTechnology or IntegrationMCC-TCC (Metallurgical Corporation of China - TCC joint venture) is a Chinese engineering and construction firm that has been involved in industrial construction projects in Iran. MANA has collaborated with MCC-TCC as a strategic and operational partner on industrial construction projects.
• Danieli (Italy)majorTechnology or IntegrationDanieli is an Italian multinational company specializing in steel plant design and equipment supply. MANA has collaborated with Danieli on steelmaking and rolling mill projects in Iran, leveraging Danieli's technology for EPC execution.
• Sino Steel (China)significantTechnology or IntegrationSino Steel is a Chinese state-owned enterprise involved in metallurgy and industrial equipment. MANA has partnered with Sino Steel for equipment supply and technology on industrial construction projects.
• SMD (China)significantTechnology or IntegrationSMD (likely a Chinese industrial equipment or engineering firm) is listed among MANA's strategic international partners for technology and equipment on construction projects.
• FekroSanatminorStrategic or Co-development PartnerFekroSanat is listed among MANA's strategic partners, though no specific details on the nature of collaboration are provided in the source.
• Asfalt ToosminorStrategic or Co-development PartnerAsfalt Toos is listed among MANA's strategic partners, suggesting collaboration in road and infrastructure construction activities.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Saipem: Italian global EPC contractor for energy and large industrial projects including refining, petrochemical, and power. Comparable to MANA in executing complex industrial EPC projects at scale, though with a heavier oil & gas tilt.
• Power Construction Corporation of China (PowerChina): One of the world's largest EPC contractors for power generation and heavy industrial projects, with extensive Iran and Middle East activity. Comparable to MANA as a mega-scale EPC provider for power and process plant construction.
• Petrofac: UK-listed EPC and operations contractor focused on oil & gas, energy transition, and industrial facilities. Comparable to MANA in turnkey industrial EPC execution and the recurring structure of long-duration construction projects.
• Maire Tecnimont: Italian-headquartered EPC and technology licensor for refineries, petrochemicals, and industrial plants. Comparable to MANA in delivering large-scale industrial EPC scopes with integrated technology partnerships.
• Tecnicas Reunidas: Spanish global EPC contractor specializing in refineries, petrochemical plants, and large industrial facilities. Comparable to MANA in EPC execution of complex heavy-industrial projects on a turnkey basis.
• DL E&C: Korean EPC contractor with a long track record in Middle East power and industrial construction. Comparable to MANA in turnkey delivery of large combined-cycle power plants and industrial facilities in the region.

Regional players

• ENKA İnşaat ve Sanayi A.Ş. Turkey-based global EPC contractor with an extensive Iran project track record in power plants and industrial facilities. Comparable to MANA as a regional EPC firm operating in the Iranian industrial construction market with similar power and process plant capabilities.

Direct peers

• MAPNA Group: Iran's largest domestic power and industrial EPC contractor, executing thermal, combined-cycle, and renewable power projects alongside industrial scopes. Directly comparable to MANA as an Iranian Grade A industrial EPC firm executing large-scale public and parent-affiliated industrial construction.
• Khatam Al-Anbia Construction Headquarters: One of Iran's largest EPC contractors, executing mega-scale industrial, energy, and infrastructure projects across the country. Comparable to MANA in project scale, EPC delivery model, and end-market focus on Iranian government and parastatal clients.

Emerging players

• SEPCOIII Electric Power Construction: Chinese state-owned EPC contractor specializing in power plants and large industrial facilities with active Iran project history. Comparable to MANA in industrial EPC delivery in Iran and reliance on Chinese OEM equipment supply chains.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/managc.co
• LinkedInlinkedin.com/company/iranian-industries-expansion-and-renovation-constructional-company-mana

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iranian Industrial Development & Renovation Construction Company (MANA)