Pennar Industries bags orders worth Rs647 crore; Stock gains near 3%

15 Feb 2022 , 10:06 AM

Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth Rs647 crore across its various business verticals.

The list of the verticals and their customers are as follows:

Railways – ICF, MCF, Eastern Railway, Metlord.

PEB – TVS Logistics, Lodha Group, Suroj Buildcon and Shree Shyam Warehousing.

Tubes – ALF Engineering, Thermax, IFB Automotive Kirloskar Toyota, Patton International, Interoll India and GI Auto.

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

Steel – L&T, Zetwork, Saint Gobain, Thermax, VECV, LG Balakrishnan, Schaeffler India, IFB, BI Metals Bearings and G E Power.

Ascent Buildings, USA – Summit Building Systems, Crescent Metals, Monteith Constructions, ABCO Inc, Dunn Buildings, Chattahoochee group and Mohat Group.

The above orders have been received during the months of December 2021 and January 2022 and are expected to be executed within the next two quarters, said company in a regulatory filing on Monday.

At around 10:07 AM, Pennar Industries was trading at Rs37.70 apiece up by Rs1 or 2.72% on Sensex.