Pennar Industries bags orders worth Rs302cr; stock up 1%

The Railways division received orders from customers such as Integrated Coach Factory, MCF, TI, Universal Engineering and Texmaco.

Dec 05, 2019 09:12 IST India Infoline News Service

Pennar
Pennar Industries Limited, a leading value-added engineering products and solutions company has bagged orders worth Rs302cr across its business verticals during November 2019.

The Railways division received orders from customers such as Integrated Coach Factory, MCF, TI, Universal Engineering and Texmaco. 

The Pre-engineered building division received orders for construction of Warehouses and factory buildings from Coromandal, Ambuja Cement, Antkrish Group, RKS builders, Chettinadu builders, the company said in the press note. 

The Steel division has received orders from Thermax, IFB, Toshiba, LG Balakrishnan, Steel Mart, Schaeffler and others. The Industrial component vertical has received orders from Emerson, Endurance, Tecumseh, Yamaha, Ashok Leyland, IFB, WABCO, Kone, Fujitech and others.

The Enviro division has received orders from Oriental Carbon, Cinda Engineering and others, the company added.

The order book position for Railways division was Rs270cr, Pre-engineered buildings division was Rs358cr and Water treatment division was Rs92cr as on December 4, 2019.

Pennar Industries Ltd is currently trading at Rs29.80, up by Rs0.2 or 0.68% from its previous closing of Rs29.60 on the BSE.

The scrip opened at Rs29.20 and has touched a high and low of Rs31.20 and Rs28.75 respectively.

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