Pennar Industries Ltd, one of India’s leading industrial organizations offering specialized, engineering steel solutions, has secured orders worth a total of Rs 255 crore across its business units.

The systems and projects unit of the company received order for under frames from integral coach factory and modern coach factory along with orders for module mounting structures from Adani Power, L&T, Sterling & Wilson, Azure, Renew, Amplus and Asian Fabtech among others.

Pennar Engineered Building Systems Ltd, a subsidiary of the company, has bagged orders from a cement company for its building at Dolvi and a paint company for its factory at Bellary. It has also received orders from IKEA for its distribution centre at Hyderabad, Azure Power for its module structures at Kalwakurthy, Toyo Engineering for fertilizers unit at Kota and Berger Paints for a warehouse near Kolkata.

Through another subsidiary, Pennar Enviro, the company has won orders for water treatment filters from Doosan Hydro (USA) along with sewage treatment plant and water treatment plant from Ambience Infra.

Meanwhile, the company’s industrial components unit has bagged repeat orders for hydraulic cylinders from BEML and customized cylinders from Bailey, USA.

The steel products unit of the company has secured orders for collecting electrodes from Hamon, GE Power and special grade steel from IFB Industries, KM Seat, JM Frictech Luk India. It has also won orders for cold rolled close annealed from Bimetal Bearings, IFB industries, Luk India, Johnson Lifts and Lakshmi Machines.

Shares of the company surged more than 2% to touch again its 52-week high record of Rs 58 intraday Tuesday on BSE after the announcement came in. The Rs 5 face value shares closed trading at Rs 56.80, up 0.71% from the previous closing of Rs 56.40.

here is company details.

 

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