Pennar Industries bags orders worth Rs 5,820 mn
Source: IRIS | 20 Dec, 2021, 12.51PM
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 Pennar Industries, engaged in engineered metal products and pre-engineered buildings, has bagged orders worth Rs 5,820 million across its various business verticals.
The Pre- Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, Solar P V Modules, Structural Steel, from customers like Ultratech Cement, Digvijay Cement, Matrix Structure, Lodha Group among others.
The Solar Module vertical has received orders from Anantapur Energy Products, Eveready Group among others.The Railways vertical has received orders from Wabtech, Dynamic, Orbinox, ICF, SCR, and TI Metal among others.
The Industrial Components vertical has received orders from Emerson, Endurance, Haldex, AASA, Wabco, Tecumseh, INEL, Elkhart, Venus, SI Airspring among others.
The Steel vertical has received orders from Zetwerk Manufacturing, Saint Gobain, Thermax, LG Balakrishnan, Schaeffler India, Toshiba Transmission among others.
Pennar’s US subsidiaries have booked orders worth Rs. 1,860 million from customers like James Hardie, Aspyre Design and Indian Creek Movie Studios.
Shares of the company gained Rs 1, or 3.34%, to trade at Rs 30.95. The total volume of shares traded was 192,860 at the BSE (11.22 a.m, Monday).
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