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Pennar Industries gets nod to set up JV in USA

20 Jun 2017 Evaluate

Pennar Industries has received approval from its executive finance committee for setting up joint venture (JV) in United States of America (USA) to supply their goods and services. The company’s executive finance committee gave approval for the same at its meeting held on June 20, 2017.

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 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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