Pennar Industries has incorporated wholly-owned subsidiary company namely ‘Pennar Metals’ in India on June 22, 2023. The company will undertake procurement and manufacturing of steel products. Cost of acquisition is Rs 1,00,000 as share capital contribution.
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.
