Pennar Group bags orders worth Rs 317 crore

Pennar Group bags orders worth Rs 317 crore

Agency News

Mumbai, Nov 22: Pennar Group, a leading value-added engineering products and solutions company said that it has bagged orders worth Rs 317 crores across its various business verticals and the subsidiary, PEBS Pennar.

The Group's flagship company Pennar Industries Limited (PIL) received multiple orders aggregating Rs 190 crore across its business verticals such as railways, tubes and industrial components, company said in a filing with BSE. These orders were received from PIL's long standing customers including Solis Engineering, JM Infratech, IFB, Ashok Leyland, Tecumseh, Wabco, Mahindra, Salem Steel, etc.

Pennar Engineered Building Systems (PEBS Pennar), a leader in pre-engineered buildings and a PIL subsidiary, received orders aggregating Rs 127 crore. The company is witnessing significant demand for pre-engineered warehouses and factory buildings.

The new orders received by PEBS Pennar were from customers such as Pokarna Limited, Gemini Oils, Suguna Foods, Rain CII, Twenty One Sugars, Aequs SEZ, etc. (UNI)