Pennar to double tube manufacturing capacity in Hyderabad

Hyderabad: Pennar Industries Limited, a value-added engineering products and solutions company, on Tuesday announced that it is doubling its Cold Drawn Welded (CDW) tubes manufacturing capacity in the city, at an investment of Rs 65 crore.

The greenfield plant that will be set up in Hyderabad for the additional CDW manufacturing capacity is expected to be operational in June 2020.

Pennar Industries said that currently, it has an installed capacity to manufacture 1,500 MT per month of CDW tubes. The new facility will produce CDW tubes of up to 150 mm diameter and the thickness of 10 mm, it added.

K M Sunil, Vice President, Corporate Strategy, said: "The new CDW facility will cater to Hydraulic cylinder tube requirement of consistently growing construction and earth moving equipment sector, including propeller shafts for high pay load heavy vehicles."

Sunil further said that the precision ERW Tubes from the same plant will be supplied to structurals for Airport, Stadia, Idlers for Conveyors, axles for LCV and HCV.

"The company will incur a capex of Rs 65 crore to take its CDW capacity to 3,000 MT per month," he added.