Support and Resistance Levels
Past performance
About Pennar Industries Ltd Pennar Industries Ltd, originally Pennar Steels Ltd, is an established engineering company in India, recognized for its engineering solutions and products. Founded in 1975, it initially focused on manufacturing cold-rolled coils for the automobile and white goods sectors. Over the years, Pennar diversified its offerings across six key sectors: Automobiles, Construction Infrastructure, General Engineering, White Goods, Railways, and Solar.
The company has expanded its capabilities through strategic mergers, such as incorporating Pennar Engineered Building Systems Limited and Pennar Enviro Limited, and through the establishment of new manufacturing facilities, including precision tube lines and fabrication shops. Despite facing challenges in the early 2000s, leading to being classified as a sick industrial company, Pennar has rebounded with a focus on innovation, introducing new product lines and expanding its production capacity. Recent developments include the incorporation of Pennar Metals Private Limited and the disposal of a former subsidiary, Oneworks BIM Technologies.