Pennar Industries is targeting to garner about Rs 5,000 crore revenue over the next five years with the help of capacity expansion and diversification plans. The company will invest Rs 100 crore a year over the next five years to fund capacity expansion and diversification. The company currently has six manufacturing plants -- three located near Hyderabad, and one each at Chennai, Tarapur in Maharashtra, and Hosur in Tamil Nadu -- with total capacity of 350,000 tonne per annum, while it has reported a turnover of Rs 1,274 crore in FY13 and a profit after tax of Rs 45.63 crore.
Pennar manufactures steel-based products for industries such as railways, automobiles, building and construction, pollution control equipment, infrastructure and road safety systems.
