SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pennar Industries forays into Hydraulics business

07 Oct 2013 Evaluate

Pennar Industries has acquired assets of Wayne-Burt Petro Chemicals, earlier known as Bailey Hydropower, a hydraulics cylinder manufacturing company in Chennai. This acquisition marks the entry of the company into Hydraulics business. The company has acquired production, engineering, product development program and existing customer relations of Wayne Burt.

The production facility in Chennai is able to produce 2,25,000 cylinders per annum; and with a globally trained technical team, strong design and engineering capabilities and an experience of catering to supply chain in North America and India provides a solid foundation for Pennar’s plans.

Currently, the hydraulic equipment market in India is estimated to be approximately Rs 2900 crores and is expected to grow to Rs 4000 crores over the next five years.

Pennar Industries is engaged in the manufacturing of Cold Rolled Steel Strips (CRSS) and value-added products under Cold Rolled Formed Sections (CRFS) like precision tubes, engineered components, road safety systems, parts of railway coaches and Electro Static Precipitators (ESP).

Pennar Industries Share Price

171.55 -1.70 (-0.98%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 210.95
JSW Steel 1257.25
SAIL 176.45
Jindal Stainless 775.60
APL Apollo Tubes 2022.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×