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Pennar Industries Limited and its subsidiaries receive orders worth Rs. 152 crores

Posted On: 2018-02-19 02:02:29


Pennar Industries Ltd., one of India's leading industrial organizations offering specialized, engineering steel solutions have announced major receipt of orders worth Rs. 152 crores across its business units.

Railways

1. Received repeat orders for Stainless steel sidewall and Roof assemblies from Integral Coach Factory and Modern Coach Factory

2. Received order for Coach components from BEML Ltd.

Pennar Engineered Building Systems

3. Received order for Rail Engine manufacturing unit from URC Constructions.
4. Received orders for Warehouses from Renaissance & KMV Projects

Steel products

5. Received orders for Special Grade Steel from JMT, PKC, Luk, Wahi sons, Primex, DVB, IFB, LGB
6. Received orders for Building Components from L&T, Megha Engineering, Tata, Elecon.
7. Received orders for ESP from GE Power, Thermax, FL Smidth
8. Received orders for Solar Module structures from Cleanmax, Renew Solar, Sterling & Wilson

Industrial Components

9. Received order for Joist Hydraulic from Bailey.
10. Received order for Hydraulic Cylinders from TAFE

Tubes

11. Received repeat export orders for CDW Tubes from various customers in USA, Europe and South Africa.

Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.60.65 as compared to the previous close of Rs. 62.4. The total number of shares traded during the day was 52496 in over 352 trades.

The stock hit an intraday high of Rs. 63.75 and intraday low of 60.4. The net turnover during the day was Rs. 3246833.


Source: Equity Bulls

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