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Pennar Industries to form SPV with Enertech Engineering

20 Mar 2018 Evaluate

Pennar Industries will form a Special Purpose Vehicle (SPV) with Enertech Engineering to execute Defence sector orders. The proposed SPV's products include Mobile Shelters, Nucear Hardened NBC protected shelters e.t.c. Pennar will hold 51% in the proposed SPV and Enertech will hold 49%.

Pennar Industries 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.

Pennar Industries Share Price

175.30 1.80 (1.04%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
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