Pennar Industries bags orders worth Rs498 crore; Stock gains 1.5%

20 Apr 2022 , 10:46 AM

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs498 crore across its various business verticals.

The list of verticles and its customers are as follows:

PEB – Reliance Industries, MSN Laboratories, Technocraft, JSW and Siemens

Ascent Buildings, USA – Dunn & Griffco, Alladin, Tubular Steel, Service Steel, Bailey and Cornerstone Building Brands.

ICD – Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, Hydraulics and Elkhart.

Railways – Integral Coach Factory, Universal and Wabtec

Tubes – ALF Engineering, Thermax, IFB Automotive, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, ISGEC Heavy Engineering, GI Auto, Scott Industries, Artech S.R.L, Karay Metals Inc and Stomet Sp.zo.o

Steel – L&T, Zetwork, Saint Gobain, Thermax, VECV, VRL, LG Balakrishnan, Schaeffler India, IFB, BI Metals Bearing, Nuevosol, Waree, Wootz Structures and Pushpak Colour Roof.

The above orders have been received during the months of February and March 2022 and are expected to be executed within the next two quarters, said company.

At around 10:49 AM, Pennar Industries was trading at Rs39.85 apiece up by Rs0.6 or 1.53% from its previous closing of Rs39.25 apiece on the BSE.