Pennar Industries zooms over 10 per cent on bagging new orders

On Tuesday, Pennar Group, a leading value-added engineering product & solutions company announced that the company has won new orders worth Rs 571 crore across its various business verticals.  

The order received by the pre-engineered building vertical comprised of the construction of manufacturing facilities, warehouses, solar photovoltaic (PV) modules, structural steel, chiller room from customers like Amazon, Amyraah Properties, Trident, UTCL, Toyo, and others. The current order book of vertical stood at Rs 360 crore. The railway's verticals saw orders incoming from GE, ICF, Railtech, SCR, Texmaco, TI Metal, etc., which led to its current order book position at Rs 165 crore. 

Meanwhile, the industrial components vertical received orders from Emerson, Endurance, Yamaha, Ashok Leyland, Wabco, Tecumseh, and others. The Enviro vertical recorded the current order book position at Rs 59 crore, which included new orders from the Department of Atomic Energy (BARC) and others. The solar vertical bagged orders from Vivan Solar, MB Green Energy, Axitec Energy, Heyday Ventures, and Impulse Green Energy whereas the tubes & steel verticals won new orders from the existing customers. 

Additionally, Pennar’s subsidiary, Pennar Global Inc, which is headquartered in the US has booked orders worth Rs 223 crore. 

Pennar Industries Limited is one of the leading engineering organisations in India, well known for its expertise in providing engineered products & services. 

The company's share closed at Rs 35.35 per share in today's trading session, which is up by 10.64 per cent on BSE.