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Pennar Industries, PEBS Pennar to set up 50:50 JV in USA

15 Jun 2017 Evaluate

Pennar Industries and its subsidiary Pennar Engineered Building Systems (PEBS Pennar) are intending to set up a 50:50 Joint Venture (JV) in United States of America to supply their goods and services. The Joint Venture will help both the companies to increase their addressable market and contribute to an increase in Revenue & Profitability.

Pennar is one of India’s leading industrial organizations offering specialized, engineering steel solutions. The company 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.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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