Pennar Industries is planning to merge its subsidiary Pennar Enviro with itself. In this regard, the company has appointed an advisor for the merger and will be in touch with all major stakeholders regarding this proposition. The proposed merger is intended to position the environment business for further rapid growth. The Hyderabad-based Pennar Industries currently holds 51.03 per cent of the total equity of Pennar Enviro.
Pennar Enviro provides turnkey solutions to its clients which includes design, manufacturing, supply and erection of desalination, water treatment and sewerage treatment plants. It is also engaged in effluent treatment solutions and recycling systems.
Pennar is a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components, and road safety systems.
