Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs 1.81 billion across its various verticals and subsidiary company.

The Group's flagship company Pennar Industries (PIL) received multiple orders aggregating Rs 1.31 billion across its business verticals such as building products, railways, solar, tubes, industrial components, etc.

These orders were received from PIL's long standing customers including Thermax, Mahindra, L&T, Endurance Technologies and Yamaha India.

Pennar Engineered Building Systems (PEBS), a leader in pre-engineered buildings and a PIL subsidiary, received multiple orders aggregating Rs 500 million for its various products such as pre-engineered warehouses, factory buildings and solar structures from customers such as Promeo Therapeutics, Aequs SEZ, Dongyang Engineering, My Home Constructions, etc.

Aditya Rao, Vice Chairman & Managing Director, Pennar Industries, said, ''We are witnessing sustained order inflows across our business verticals. The current business wins follow the orders worth Rs 5.14 billion that we bagged in August 2018. Pennar makes value-added engineered products that have critical applications in multiple growth sectors. We are pretty excited with the business traction and expect the momentum to continue during the coming quarters of FY19.''

Shares of the company declined Rs 0.35, or 0.81%, to trade at Rs 43.00. The total volume of shares traded was 14,088 at the BSE (12.59 p.m., Friday).