Pennar Industries bags orders worth INR 682 Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 682 crores across its various business verticals.

PEB - Tata Steel, Hindustan Coca Cola, API Squad Processing and Zim Laboratories.

Ascent Buildings, USA - S&S, J&S, Smithson, Gateway Building Systems, Griffin Contracting, Hayden Construction, Building Innovation Group, American Steel Buildings and S&S Contractors.

ICD - Ashok Leyland, Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor, Venus, Fleetguard, and Jost.

Railways - ICF, Rites, Orienteal, Wabtec, SCR, ECR, Titagarh and Texmaco.

Tubes - ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, GI Auto, Scott Industries, Andrew Race Cars, LMW, Rakhoh Industries, Nash Industries, Oriental Electrical, LMW, Innova Rubbers and Toyota Boshoku, San & San Auto. Coetz Technologies, Steel Tube Investments

Steel - Tata Power, Saint Gobain, Waree, Thermax, VECV, IFB Industries, L G Balakrishnan, Johnson Lifts, Bimetal Bearings, Mudra Fine Blanc, Navayuga Engg, VRL, Miba Drivetech, Contour Steel, JSSL, Prasad Seeds, Amar Raja Infra, PMG Structurals and JM Frictech.

The above orders are expected to be executed within the next two quarters.

Shares of Pennar Industries Limited was last trading in BSE at Rs. 70.67 as compared to the previous close of Rs. 72.48. The total number of shares traded during the day was 29399 in over 395 trades.

The stock hit an intraday high of Rs. 73.49 and intraday low of 70.05. The net turnover during the day was Rs. 2103758.00.

Source : Equity Bulls

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PennarIndustries INE932A01024 OrderWin