Pennar Group bags orders worth INR 302 crore

Deepthi | Myequity news | Date : 07-03-2019 15:15:00 IST

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 302 crores during the month of February 2019, across its various business verticals and the subsidiary, PEBS Pennar.

The Group’s flagship company Pennar Industries Limited (PIL) received multiple orders aggregating INR 187 crore across its business verticals. The orders received were from Integrated Coach Factory, Titagarh and Sail Rites for Railway products, Solis, Thermax, IFB, Puzzolana, Schaeffler India and Toshiba, for Solar Module Mounting Structures, Panels and Channels, for CRFS and CRSS products, ALF Engineering, Royal Enfield, Thermax, for tubes and Emerson, Endurance, Tecumseh, Ashok Leyland, Yamaha, Xylem, etc. for Industrial Components and Hydraulics.

Pennar Engineered Building Systems (PEBS Pennar), a leader in pre-engineered buildings and a PIL subsidiary, received orders aggregating INR 115 crore. The new orders received by PEBS Pennar were for warehouses, manufacturing facilities, tower and solar structures from customers such as TVS Infrastructure, Hindustan EPC, BVG India, Aro Granites, etc. PEBS Pennar has an order book of INR 487 crore as on date which will be executed within the next 7-12 months.

Commenting on the recent wins, Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, “The new orders that we received are from our long standing existing customers as well as some new customers who believe in Pennar brand, its quality engineered products and timely delivery. With companies making further investment in capacity building, we are hoping to sustain incremental order inflows in the coming months as well.”

About Pennar Industries Limited:

Pennar Industries is India’s leading value-added engineering products and solutions company. The Company has a strong presence across growth sectors in India through four business units Railways, Tubes, Industrial Components and Steel Products, and its subsidiary companies, Pennar Engineered Building Systems Limited, Pennar Enviro Limited and Pennar Global Inc.

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