Pennar Industries bags orders worth INR 688 Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 688 crores across its various business verticals.

PEB - Siemens, Annora Pharma, Zim Laboratories, S R Ashok & Associates VK Udyog Pvt Ltd, Anthe Pharma, Tycon Infra, Expon Polymers and TPL First Solar

Ascent Buildings, USA - Summit Building Systems, T&D Concrete, 84 Lumber, Bear IC, Hale Construction. Woodland Construction, Wakestone Corporation, Crescent Structures.

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

Railways - Integral Coach Factory , TI India, Wabtec, Oriental, Metlord and IGR

Tubes - ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, Forbes Vyncke Pvt Ltd, GI Auto, Mahindra Defence Systems, Scott Industries and COETZ Technologies, RSB Transmissions and Toyota Boshoku Automotive.

Steel - Saint Gobain, Thermax, L &T MTHL, Tata Walkway, VECV, IFB Industries, L G Balakrishnan, Bimetal Bearings, Johnson Lifts, Schaeffler India Limited and Tube Invesments.

The above orders have been received during the months of April, May and June 2022 and are expected to be executed within the next two quarters.

Shares of Pennar Industries Limited was last trading in BSE at Rs. 39.85 as compared to the previous close of Rs. 37.50. The total number of shares traded during the day was 181881 in over 1706 trades.

The stock hit an intraday high of Rs. 40.70 and intraday low of 36.50. The net turnover during the day was Rs. 7151250.00.

Source : Equity Bulls

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PennarIndustries INE932A01024 OrderWin