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.

Shankara Building Products Ltd.

Hi-Tech Pipes Ltd.

Vardhman Special Steels Ltd.

Gallantt Ispat Ltd.

JSW Ispat Special Products Ltd.

Rama Steel Tubes Ltd.

Kalyani Steels Ltd.

D.P. Wires Ltd.

MSP Steel & Power Ltd.

Gallantt Metal Ltd.

Gandhi Special Tubes Ltd.

Kamdhenu Ltd.

Goodluck India Ltd.

Mukand Ltd.

Open Price	122.4	Volume	227
Prev. Close	122.4

Performance