Pennar Industries bags orders worth 1167 INR Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 1167 crores across its various business verticals.

The Solar EPC vertical has received order from NTPC.

The Pre Engineered Buildings has received orders from Reliance Industries, TCI Ltd and Hindustan Foods.

The Ascent Buildings, USA vertical has received orders from Genesis Constructions, Gerrard Group and Barco Building Systems.

The ICD vertical has received orders from Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor, Fleetguard, IFB, and Venus.

The Railways vertical has received orders from Integral Coach Factory, Modern Coach Factory, Universal and SAIL Rites.

The Tubes vertical has received orders from Rajsriya Automotive, Rakhoh Industries, SKH Sheet Metals, Thermal Energy Systems, Multitech Engineers, GI Auto, AE Engineering, Kirloskar Toyota, Lakshmi Machine Tools, Toyota Boshoku, Nash Industries and RSB Transmissions.

The Steel vertical has received orders from VRL, Thermax, Saint Gobain, VECV, Tata, Schaeffler India, JM Frictech India, LGB, IFB, Bimetal Bearings and Lakshmi Machine Works.

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

Shares of Pennar Industries Limited was last trading in BSE at Rs. 50.60 as compared to the previous close of Rs. 45.35. The total number of shares traded during the day was 451578 in over 3020 trades.

The stock hit an intraday high of Rs. 51.35 and intraday low of 45.05. The net turnover during the day was Rs. 22118704.00.

Source : Equity Bulls

Keywords

PennarIndustries INE932A01024 OrderWin BusinessVerticals