Pennar Industries climbs ~2% on securing orders worth Rs511 crore

8 Sep 2022 , 01:38 PM

Pennar Group, a prominent provider of value-added engineering goods and solutions, has received orders aggregating to Rs511 crore across its several business verticals.

The company received these orders during July and August 2022.

The company has secured orders across its verticals namely, PEB, Ascent Buildings, USA, ICD, Railways, Tubes, and Steel.

Company has major customers like Reliance, Yamaha, Venus, Fujitech, Integral Coach Factory, ALF Engineering, Hindalco, L&T, Saint Gobain, etc.

Several other customers include Sitson, Zetwork, Thermax, VECV, IFB Industries, Schaeffler India Limited, GI Auto, Mahindra Defence Systems, Scott Industries, ECR and Metlord, Wabco, Tecumseh, SI Air spring, S&S Contractors LLC, Chattahoochee Group Inc., Banil Castings and Sanatanaya Warehousing, etc.

Pennar Industries expects to complete these orders within the next two quarters.

At around 1.42 PM, Pennar Industries was trading at Rs48.80 up by 2.2% from its previous closing of Rs47.75 on the BSE. The scrip touched intraday high and low of Rs50.10 and Rs47.25 respectively.

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