Pennar Industries Ltd.   (PENIND)

1988 was the year when Pennar Industries Limited was born, and since then, Pennar has grown and diversified to become a leading engineering company making a host of steel bsed products. Pennar began by manufacturing Cold Rolled Steel Strips (CRSS) with an installed capacity of 30,000 MTPA. Its first plant was strategically established at Isnapur, 45 km from Hyderabad. Pennar achieved profits right from the first year of its operation, followed by declaration of dividend from the second year. The company was growing at a rapid pace and thus to incorporate its expansion and demand, Pennar increased its manufacturing capacity to 50,000 MTPA in the year 1997. The horizon for Pennar was increasing by the moment and to cater to a broader realm of clientele, the company acquired Nagarjuna Steel Ltd., Patancheru (32 KM from Hyderabad) and Press Metal, a unit of Tube Investment (TI), at Tarapur near Mumbai. An assembly unit was set up at Hosur, near Bangalore to meet the requirements of Auto Components. The Company followed up by establishing its fifth manufacturing facility at Chennai that manufactures Profiles and Components for the auto sector and railways. The facility also services a steel service centre at Hyderabad and Chennai. Pennar is now a multi-location, multi-product company manufacturing Cold Rolled Steel Strips, Precision Tubes, Cold Rolled Formed Sections, Electro Static Precipitators, Profiles, Railway Wagons and Coach Components, Press Steel Components and Road Safety Systems. Pennar is now a multi-location, multi-product company manufacturing Cold Rolled Steel Strips, Precision Tubes, Cold Rolled Formed Sections, Electro Static Precipitators, Profiles, Railway Wagons and Coach Components, Press Steel Components and Road Safety Systems. Their infrastructure division manufactures diverse products for the building sector like purlins, roofing sheets and deck plates. They are pioneers in the development of crash barriers for road safety. They also make fabricated structural products for various engineering industries.

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