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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 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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