MoneyWorks4Me

Pennar Industries’ arm bags order worth Rs 13 crore

27 Feb 2012 Evaluate

Pennar Engineered Building Systems (PEBS Pennar), a subsidiary of Pennar Industries has received two orders aggregating worth Rs 13 crore. The company has received the first order from Continental India, which is a subsidiary of Continental AG, Germany. The order is for three buildings which will be used for manufacturing of tyres at their Meerut plant in UP.

The company has received the second contract from Utkal Green Energy for supply and installation of three buildings with a total covered area of 5093 sqm. This project is coming up at Choudwar, Cuttack, Orissa and these buildings are meant for manufacturing of Ash based light weight aggregates.

Recently, PEBS Pennar received orders worth Rs 22 crore. PEBS Pennar has received major orders from Renault-Nissan through L&T, Cosmic Ferro Alloys, Hyderabad based AMR Constructions, Lotus Warehousing and Pragati Developers among others.

PEBS Pennar is a leading player in the pre-engineered steel buildings sector. It is involved in the design, manufacture, supply and installation of pre engineered steel buildings. 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 1242.40
Tata Steel 183.40
Steel Authority 174.75
Jindal Stainless 732.35
APL Apollo Tubes 2133.00
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