Pennar Industries Ltd to expand manufacturing operations in North India

Pennar Industries Limited (PIL), a leading value-added engineering products and solutions company, is expanding its manufacturing operations in the Northern part of India by establishing a new plant at Raebareli, Uttar Pradesh.

Pennar Industries Limited is establishing its PEB manufacturing plant in Northern part of India at Raebareli, Uttar Pradesh likely to come up in Q2 2024. The plant spans 16 acres and features a built-up area of 12,000 square meters. With a production capacity of 36,000 MT per annum, this facility is equipped with state-of-the-art machinery and a comprehensive setup.

Once fully operational, the plant will enable the company to meet the demands of clients in the Northern and Eastern part of India, significantly reducing transportation costs.

Shares of Pennar Industries Limited was last trading in BSE at Rs. 173.85 as compared to the previous close of Rs. 168.70. The total number of shares traded during the day was 153738 in over 2979 trades.

The stock hit an intraday high of Rs. 176.00 and intraday low of 170.90. The net turnover during the day was Rs. 26754719.00.

Source : Equity Bulls

Keywords

PennarIndustries INE932A01024 ManufacturingOperations Expansion NorthIndia