Pennar Industries bags orders worth INR 647 Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 647 crores across its various business verticals.

Railways - ICF, MCF, Eastern Railway, Metlord.

PEB - TVS Logistics, Lodha Group, Suroj Buildcon and Shree Shyam Warehousing.

Tubes - ALF Engineering, Thermax, IFB Automotive Kirloskar Toyota, Patton International, Interoll India and GI Auto.

ICD - Yamaha, Emerson, Endurance, Haldex, Wabco Tecumseh, SI Airspring, Kone, Fujitech and Elkhart.

Steel - L&T, Zetwork, Saint Gobain, Thermax, VECV, LG Balakrishnan, Schaeffler India, IFB, BI Metals Bearings and G E Power.

Ascent Buildings, USA - Summit Building Systems, Crescent Metals, Monteith Constructions, ABCO Inc, Dunn Buildings, Chattahoochee group and Mohat Group.

The above orders have been received during the months of December 2021 and January 2022 and are expected to be executed within the next two quarters.

Shares of Pennar Industries Limited was last trading in BSE at Rs. 36.70 as compared to the previous close of Rs. 40.75. The total number of shares traded during the day was 371352 in over 2233 trades.

The stock hit an intraday high of Rs. 39.75 and intraday low of 36.30. The net turnover during the day was Rs. 14239178.00.

Source : Equity Bulls

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PennarIndustries INE932A01024 OrderWin