Pennar Industries, one of India’s leading industrial companies engaged in the production and marketing of specialized and engineered metal products, and pre-engineered buildings, has broadened its operational area by diversifying into cold-form building sector, setting up of solar photo-voltaic power plants and offering water treatment solutions. It seeks its shareholders’ nod to support the expansion project of the structured buildings division and for company’s entry into new areas such as solar power generation. The company aims to achieve a turnover of Rs 330 crore during the current financial year, up from Rs 280 crore it logged last year, through its pre-engineered structures division.
The company is also planning to enter into another unchartered area of offering turnkey solutions for water treatment projects. It has inked pact with the UK-based Tech Universal to offer these solutions in India. It is looking at offering solutions in the industrial and municipal waste water segments.
