Pennar Engineered Building Limited (PEBS Pennar), a part of Pennar Group, a leading value-added engineering products and solutions company, is witnessing a trend where pre-engineered buildings are now finding a big preference among high-rise buildings.
Pre-Engineered Buildings (PEBs) are already well accepted in the construction industry and are always being preferred for industrial applications. Now, in a new trend, PEB is gaining popularity in the residential segment as well as multi-stories office building. The customers these days is preferring Pre-fabricated Steel due to various advantages it has over the conventional concrete buildings.
PEBS Pennar, a market leader in pre-engineered buildings, has five on-going projects for residential as well as office buildings aggregating worth INR 100 crore. PEBS Pennar on-going high-rise projects across various cities in India include two residential projects of 11 stories each, two commercial office buildings of 18 stories each and a 6 story school building.
"Steel has the highest strength-to-weight ratio of any construction material. Moreover, with new construction methods, steel buildings remain a popular choice for office and residential developers. They are super-quick to build at the site itself with significant work can be pre-fabricated at the factory, resulting in jobs getting completed 70-80% quicker compared to traditional concrete buildings. Moreover, steel structures are flexible, making them very good at resisting dynamic forces such as wind or earthquake forces. It can bend without cracking, making them highly resistant to earthquakes." Said Mr. K M Sunil, Vice President - Corporate Strategy, PEBS Pennar.
"PEBS Pennar has constantly evolved itself to introduce new benchmarks in pre-engineered buildings and we continue to innovate to provide customised solutions to our customers. With the increasing awareness among the customers about the positives of the Pre-fabricated Steel Structures, we are quite confident that the new generation of office and residential buildings will opt for preengineered buildings and PEBS Pennar will be a key beneficiary of this trend." Added Mr. Sunil.
Shares of Pennar Engineered Building Systems Ltd was last trading in BSE at Rs.59.55 as compared to the previous close of Rs. 59. The total number of shares traded during the day was 7974 in over 26 trades.
The stock hit an intraday high of Rs. 60.5 and intraday low of 58. The net turnover during the day was Rs. 479205.