Pennar Group bags orders worth INR 571 crore

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 571 crores across its various business verticals.

The Pre-Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, Solar P V Modules, Structural Steel, Chiller Room, from customers like Amazon, Amyraah Properties, Trident, UTCL, Toyo and others. Current Order Book position is Rs. 360 crores.

The Railways vertical has received orders from GE, ICF, Railtech, SCR, Texmaco, TI Metal etc. Current Order book position is 165 crores.

The Industrial Components vertical has received orders from Emerson, Endurance, Yamaha, Ashok Leyland, Wabco, Tecumseh and others.

The Enviro vertical has received orders from Dept of Atomic Energy (BARC) and others. The current order book position is Rs. 59 crores.

The Solar Vertical has received orders from Vivan Solar, MB Green Energy, Axitec Energy, Heyday Ventures and Impulse Green Energy.

The Tubes and Steel Verticals have also received orders from its existing customers.

Pennar's subsidiary Pennar Global Inc, having its headquarters in the US has booked orders worth Rs. 223 crores.

Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.35.35 as compared to the previous close of Rs. 31.95. The total number of shares traded during the day was 1322009 in over 2829 trades.

The stock hit an intraday high of Rs. 36.5 and intraday low of 31.6. The net turnover during the day was Rs. 46250702.

Source : Equity Bulls

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