MoneyWorks4Me

Pennar Industries bags orders worth Rs 102 crore

16 Oct 2014 Evaluate

Pennar Industries has bagged orders worth Rs 102 crore along with its subsidiary Pennar Engineered Building Systems (PEBS Pennar). The companies received orders from MRF, L&T, KRIDL, FNSS, Xylem Technologies, Thermax, SKS Power Generation, Hamon Research Cottrell, HBL Power Systems among others.

Under Engineered Building Systems, it has bagged order from MRF for its factory building at Trichy; repeat order from L&T for its Factory building at Bengaluru, Karnataka; received structural steel order from Zillion Infra Projects; order from KRIDL (Karnataka Rural Infrastructure Development) for its warehouse building at Karnataka and repeat order for warehouse building from SS Developers for DHL.

Under General Engineering & Industrial Components, it has received export order for Wedge Barrier Security Solutions from FNSS Saudi Arabia; received export order from Xylem Technologies to Sweden; received order from Thermax, Hamon Research Cottrell and Cethar for Electrostatic Precipitators; received order from SKS Power Generation for Building components; received order from L&T Construction for solar module mounting structures and received major order from HBL Power Systems.

Pennar Industries is engaged in the manufacturing of Cold Rolled Steel Strips (CRSS) and value-added products under Cold Rolled Formed Sections (CRFS) like precision tubes, engineered components, road safety systems, parts of railway coaches and Electro Static Precipitators (ESP).

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 723.10
APL Apollo Tubes 2115.85
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