The Board of Directors of Pennar Engineering Building Systems Ltd (PEBS Pennar) has approved proposals seeking to invest in a facility in north India as well as in existing engineering services company.
The proposals were approved at the Board meeting on Thursday. Further, a press release on the results for the quarter ended June 30 from the company said production at the Baroda plant started in May. This plant, taken on a job work basis, caters to orders from Madhya Pradesh, Gujarat and north India. There is a proposal to set up a new plant in same region.
