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Pennar group looks to set up JV in US

Press Trust of India  |  New Delhi 

Engineering and steel solutions firm today said it intends to set up a joint venture in the US to supply goods and services.

"Ltd and Pennar Engineered Building Systems Ltd intend to set up a 50:50 joint venture in United States of America to supply their goods and services," said in a filing to the

However, it did not disclose financial considerations about the JV.

"The joint venture will help both the companies to increase their addressable market and contribute to an increase in and profitability," it said.

Pennar Industries is one of the leading engineering organisations in India, well known for its expertise in providing engineered products and services.

It has two subsidiaries -- Pennar Engineered Building Systems (PEBS), engaged in the design, manufacture, supply and installation of pre-engineered steel buildings and building components.

While Pennar Enviro Limited (PEL) deals in water and environment infrastructure business and provides turnkey solutions like water treatment plants, sewage treatment plants, effluent treatment plants, effluent recycling plants, zero liquid discharge plants etc.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 18:02 IST