Pennar Industries bags orders worth INR 669 Crores

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 669 crores across its various business verticals.

PEB - RLR Infra, SNJ Distilleries, Antariksh Group, Taiin Infra, Power Mech Projects, SR Enterprises, TVS Sangli and MSR Assets.

Ascent Buildings, USA - Red Hot Buildings, Tarheel Buildings, Joiner Construction, T&D Concrete, Tifton Buildings, Dunn Buildings, PS West Construction and JA Street.

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 - SAIL Rites, ICF, Titagarh,Texmaco, Wabtech and Oriental

Tubes - ALF Engg, GI Auto, Patton Intl, Toyota Boshoku, Oriental Electrical, Nu-way Hea Transfer, AE Engineering, Fine Components, Hi Esteem, Sigma Electric, Rajsriya, Mohan Industry, Steel Tubes Investments, Scot Industries and Marimba Auto.

Steel - Saint Gobain, Waree, Thermax, VECV, IFB Industries, L G Balakrishnan, Johnson Lifts, Bimetal Bearings, Navayuga Engg, VRL, Primex Plastics 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. 103.05 as compared to the previous close of Rs. 103.00. The total number of shares traded during the day was 42685 in over 851 trades.

The stock hit an intraday high of Rs. 105.85 and intraday low of 102.20. The net turnover during the day was Rs. 4420495.00.

Source : Equity Bulls

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PennarIndustries INE932A01024 OrderWin