Pennar Industries bags orders worth INR 498 Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 498 crores across its various business verticals.

PEB - Reliance Industries, MSN Laboratories, Technocraft, JSW and Siemens

Ascent Buildings, USA - Dunn & Griffco, Alladin, Tubular Steel, Service Steel, Bailey and Cornerstone Building Brands.

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

Railways - Integral Coach Factory, Universal and Wabtec

Tubes - ALF Engineering, Thermax, IFB Automotive, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, ISGEC Heavy Engineering, GI Auto, Scott Industries, Artech S.R.L, Karay Metals Inc and Stomet Sp.zo.o

Steel - L&T, Zetwork, Saint Gobain, Thermax, VECV, VRL, LG Balakrishnan, Schaeffler India, IFB, BI Metals Bearing, Nuevosol, Waree, Wootz Structures and Pushpak Colour Roof.

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

Shares of Pennar Industries Limited was last trading in BSE at Rs. 38.65 as compared to the previous close of Rs. 38.45. The total number of shares traded during the day was 178525 in over 1213 trades.

The stock hit an intraday high of Rs. 40.15 and intraday low of 37.60. The net turnover during the day was Rs. 6972010.00.

Source : Equity Bulls

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PennarIndustries INE932A01024 OrderWin