Pennar Industries signed an agreement with Zetwerk Manufacturing Businesses to manufacture and sell solar modules and cells, including the development and operation of the manufacturing unit
Ambuja Cements' board of directors had approved the acquisition of 100% stake in Penna Cement at an enterprise value of Rs 10,422 crore in June, expanding the firm's southern footprint
The uptick in stock price came after the company announced that it is expanding its manufacturing operations in the Northern part of India by establishing a new manufacturing plant at Raebareli, UP