AboutPennar Industries Ltd
Pennar Industries Limited is one of the leading engineering organizations in India well known for its expertise in providing engineered products & services. An epitome of quality, precision, and perfection, Pennar is driven by an unrelenting desire to excel with experience spanning over three decades.
Our quest for engineering excellence began in 1988, with a strategic decision to establish our first manufacturing plant at Isnapur, near Hyderabad with an installed capacity of 30,000 MTPA to manufacture Cold Rolled Steel Strips (CRSS). Our decision catapulted us from a start-up to a profitable organization in the very first year of our operations. 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 advent of liberalization gave us the much needed impetus to expand our business horizon. We embarked on a series of strategic acquisitions and expansion plans, most notably among them being acquisition of Nagarjuna Steel Ltd.; Press Metal, a unit of Tube Investment (TI) near Mumbai and the more recently the assets of Wayne Burt Petrochemicals, erstwhile Bailey Hydro, for venturing into Hydraulic Cylinders segment. We also established a new manufacturing facility at Chennai and set up an assembly unit at Hosur, near Bangalore to meet the requirements of Auto Components.