Pennar Industries expands operations with new plant in Raebareli, Uttar Pradesh
Pennar Industries Limited (PIL), a prominent player in the engineering products and solutions sector, is set to bolster its manufacturing capabilities with a new facility in Raebareli, Uttar Pradesh. Scheduled to commence operations in Q2 2024, this strategic expansion is aimed at enhancing the company’s production capacity and market reach in Northern and Eastern India.
The upcoming plant will be spread across a substantial 16-acre site with a built-up area of 12,000 square meters, and it is poised to have an annual production capacity of 36,000 MT. Equipped with the latest technology and machinery, this state-of-the-art facility represents a significant advancement in Pennar Industries’ manufacturing prowess.
Located strategically in Raebareli, this new plant will serve to meet the increasing demands of Pennar’s clientele in the region, significantly reducing transportation costs and improving supply chain efficiency. The facility’s comprehensive setup is designed to support the company’s diverse portfolio, which includes metal buildings, tubes, boilers, process equipment, hydraulics, and industrial components, along with engineering services.
Pennar Industries, listed on both NSE (PENIND) and BSE (513228), operates 13 manufacturing plants and 5 engineering offices, with a presence spanning 42 sales offices across India, the USA, and Europe. The company’s commitment to sustainable profitability and growth is reflected in its diversified operations that cater to the automotive, rail, aerospace, and infrastructure sectors.
The establishment of the new manufacturing plant in Raebareli is a strategic move by Pennar Industries to capitalize on the growing industrial demand in Northern India. This expansion not only enhances the company’s manufacturing capabilities but also aligns with its goals for sustainable growth and market leadership in the engineering sector. By reducing logistic costs and streamlining production, Pennar Industries is well-positioned to enhance its service delivery and customer satisfaction in the region.