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Pennar Group bags orders worth INR 181 crore

Posted On: 2018-09-21 17:35:09

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 181 crores across its various verticals and subsidiary company.

The Group's flagship company Pennar Industries Limited (PIL) received multiple orders aggregating INR 131 crore 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 INR 50 crore 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.

Commenting on the recent wins, Mr. Aditya Rao, Vice Chairman & Managing Director, Pennar Industries Limited said, "We are witnessing sustained order inflows across our business verticals. The current business wins follow the orders worth INR 514 crore 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 Pennar Engineered Building Systems Ltd was last trading in BSE at Rs.56.55 as compared to the previous close of Rs. 59.65. The total number of shares traded during the day was 9431 in over 122 trades.

The stock hit an intraday high of Rs. 64 and intraday low of 56.1. The net turnover during the day was Rs. 562407.

Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.41 as compared to the previous close of Rs. 43.35. The total number of shares traded during the day was 53648 in over 477 trades.

The stock hit an intraday high of Rs. 44.2 and intraday low of 39.1. The net turnover during the day was Rs. 2248876.


Source: Equity Bulls

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