Pennar Industries, commenced manufacture of cold rolled Steel Strips in 1988 at Isnapur (45 km from Hyderabad) with an installed capacity of 30,000 MTPA. The company achieved profits right from the first year of its operation followed by declaration of dividend from the second year. The company increased its manufacturing capacity to 50,000 MTPA in the year 1997.  

Propelled by liberalization and globalization of the Indian economy, Pennar acquired Nagarjuna Steel Ltd., Patancheru (32 KM from Hyderabad) and Press Metal, a unit of Tube Investment(TI), at Tarapur near Mumbai.

Pennar’s fourth manufacturing facility is located at Chennai and manufactures profiles and components for the auto sector. The facility also services a steel service center.

Pennar is now 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.

Products manufactured by the company include:

Pennar Industries Ltd.

Gandhi Special Tubes Ltd.

Kamdhenu Ltd.

Prakash Industries Ltd.

Hi-Tech Pipes Ltd.

Vardhman Special Steels Ltd.

D.P. Wires Ltd.

Goodluck India Ltd.

MSP Steel & Power Ltd.

Rohit Ferro-Tech Ltd.

VENUSPIPES

Manaksia Steels Ltd.

Bedmutha Industries Ltd.

Visa Steel Ltd.

JSW Ispat Special Products Ltd.

HDFC Bank Ltd.

ICICI Bank Ltd.

ITC Ltd.

Reliance Industries Ltd.

Tata Motors Ltd.

Market Cap	835 Cr		EPS	2.9		High	63
Stock P/E	21.2		Net Profit Margin	2.0		Low	60.1

PENIND