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Pennar Industries bags orders worth INR 538 crore

Posted On: 2019-08-19 18:42:32

Pennar Industries Limited, a leading value-added engineering products and solutions company today announced that it has bagged orders worth INR 538 crores during the months of June and July 2019.

Pennar has received multiple orders aggregating INR 538 crore across its business verticals. The Railways business vertical received orders aggregating INR 66 crore from customers such as Integrated Coach Factory, Rail Coach Factory, Universal Engineering, Konkan Railways, BEML and others.

The Pre-engineered building division received significant orders aggregating INR 211 crore comprising factory buildings, warehouses and solar. These orders were received from new and repeat customers such as Tata Steel, Wipro, Bharti Infra, Mylan Laboratories, Asian Fabtech, Whitehouse India, SPML Infra, Natco, MRF and Cyient. The order book position for Pre-engineered buildings division as on June 30, 2019 was INR 554 crore.

The Tubes division received orders worth INR 77 crore from ALF Engineering, MG Automotives, Maruthi Auto and Patton International among others;

The Industrial Components division received orders worth INR 37 crore from Emerson, Endurance, Tecumseh, Yamaha, Wabco, Firestone and others.

The Environmental and Water Treatment division received order aggregating INR 26 crore from GMR and JSW for water treatment and effluent treatment plants. The order book for this division as on June 30, 2019 stands at INR 86 crore.

Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.29 as compared to the previous close of Rs. 26.15. The total number of shares traded during the day was 55437 in over 654 trades.

The stock hit an intraday high of Rs. 30.2 and intraday low of 25.95. The net turnover during the day was Rs. 1560511.


Source: Equity Bulls

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