Pennar Industries bags orders worth Rs688 crore; Stock marginally up

12 Jul 2022 , 09:16 AM

Pennar Group, a leading value-added engineering products and solutions company has bagged orders worth Rs688 crore across its various business verticals, the company announced on Monday.

As per the regulatory filing, the verticals and its belonging customers’ list is as  follows:
PEB – Siemens, Annora Pharma, Zim Laboratories, S R Ashok & Associates VK Udyog Pvt Ltd, Anthe Pharma, Tycon Infra, Expon Polymers and TPL First Solar

Ascent Buildings, USA – Summit Building Systems, T&D Concrete, 84 Lumber, Bear IC, Hale Construction. Woodland Construction, Wakestone Corporation, Crescent Structures.

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

Railways – Integral Coach Factory , TI India, Wabtec, Oriental, Metlord and IGR

Tubes – ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, Forbes Vyncke Pvt Ltd, GI Auto, Mahindra Defence Systems, Scott Industries and COETZ Technologies, RSB Transmissions and Toyota Boshoku Automotive.

Steel – Saint Gobain, Thermax, L &T MTHL, Tata Walkway, VECV, IFB Industries, L G Balakrishnan, Bimetal Bearings, Johnson Lifts, Schaeffler India Limited and Tube Invesments.

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

On Tuesday morning trade, Pennar Industries was trading at Rs39.95 per share up by Rs0.1 or 0.25% from its previous closing of Rs39.85 per share on the BSE.