Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 309 crores across its various business verticals and the subsidiary, PEBS Pennar.
The Group's flagship company Pennar Industries Limited (PIL) received multiple orders aggregating INR 124 crore across its business verticals such as railways from Integrated Coach Factory, Modern Coach Factory, etc.; for Hydraulics and industrial components from customers like Emerson, Endurance, Firestone, etc. and the solar and building components division received orders from L&T, PES Engineers, IFB, LG Balakrishnan, Wahi Sons, Bimetal Bearings, etc.
Pennar Engineered Building Systems (PEBS Pennar), a leader in pre-engineered buildings and a PIL subsidiary, received orders aggregating INR 125 crore. The company is witnessing significant demand for pre-engineered warehouses, Hi-Rise buildings, factory buildings and structural steel works from customers such as Natco Pharma, Baranagar Jute, Allcargo Logistics, Phoenix, Renaissance Infra, Lakshmi Automotive and Gemini Edibles. With the recent wins, the order book of PEBS Pennar stands at INR 480 crore.
Pennar Enviro has bagged orders worth INR 60 crores for design and supply of water treatment plants from Reliance, JSW and an upcoming green field project from a cement major.
Commenting on the recent wins, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, "We continue to find good traction across our business verticals and subsidiaries. While the Railways division received large orders, we are particularly excited to have received orders worth INR 60 crore for water treatment plants and a single large order worth INR 62 crore for Structural Steel. The recent orders are from our existing as well as new customers which are industry leaders in their respective businesses. We expect steady order inflow during this last quarter of FY2019."
Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.36.9 as compared to the previous close of Rs. 36.4. The total number of shares traded during the day was 23794 in over 143 trades.
The stock hit an intraday high of Rs. 37.25 and intraday low of 36.35. The net turnover during the day was Rs. 877360.