Pennar Industries bags orders worth INR 582 crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 582 crores across its various business verticals.

The Pre-Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, Solar P V Modules, Structural Steel, from customers like Ultratech Cement, Shri Digvijay Cement, Matrix Structure, Lodha Group among others.

The Solar Module vertical has received orders from Anantapur Energy Products, Eveready Group among others.

The Railways vertical has received orders from Wabtech, Dynamic, Orbinox, ICF, SCR, and TI Metal among others.

The Industrial Components vertical has received orders from Emerson, Endurance, Haldex, AASA, Wabco, Tecumseh, INEL, Elkhart, Venus, SI Airspring among others.

The Steel vertical has received orders from Zetwerk Manufacturing, Saint Gobain, Thermax, LG Balakrishnan, Schaeffler India, Toshiba Transmission among others.

Pennar's US subsidiaries have booked orders worth Rs. 186 crores from customers like James Hardie, Aspyre Design and Indian Creek Movie Studios.

Shares of Pennar Industries Limited was last trading in BSE at Rs. 29.95 as compared to the previous close of Rs. 31.10. The total number of shares traded during the day was 174866 in over 1292 trades.

The stock hit an intraday high of Rs. 31.25 and intraday low of 29.50. The net turnover during the day was Rs. 5245404.00.

Source : Equity Bulls

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