MoneyWorks4Me

Pennar Industries, Enertech Engineering form SPV

11 Apr 2018 Evaluate

Pennar Industries and Enertech Engineering have formed a Special Purpose Vehicle (SPV) by name ‘Enertech Pennar Defense and Engineering Systems’ on April 10, 2018.

Further, Pennar Industries will hold 51% and Enertech Engineering will hold 49% in Enertech Pennar Defense and Engineering Systems.

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.

Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
View more..