Pennar Industries (PIL) is planning to scale up number of retail outlets for its branded building products. The retail stores for building products are branded as ‘Build 360’. The company’s branded building products initiative has found a good traction in the cities of its presence, and encouraged by the response, the company is planning to gradually ramp up the business by opening more stores.
By the end of FY2019, the company will have 6 more stores, taking the total store count to 17. These stores are in Vanasthalipuram, Kurnool, Kakinada, Guntur, Warangal, Karimnagar. In fiscal 2020, the company has plans to set up 25 additional stores across Karnataka, Tamil Nadu and Telangana. The company is working on a 5-year business plan of setting up 100 ‘Build360’ stores by FY2023 and expect to report significant revenue growth in this segment.
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.
