MoneyWorks4Me

Pennar Industries and its arms bag orders worth Rs 252 crore

17 Aug 2017 Evaluate

Pennar Industries and its subsidiaries have bagged orders worth Rs 252 crore across its business units. The company has received order for coaches from Integral Coach Factory and Modern Coach Factory and also received orders for Module Mounting Structures from Tata Power, L&T, Sterling & Wilson, Sri Chakra Cement among others. The company has secured export order for CDW tube from USA & European clients and also received repeat orders for Hydraulics from Bailey and BEML.

Moreover, the company has secured orders for Building Components from Tata Projects, L&T, Elecon, SNC, Megha Engineering, NTPC, Shapoorji & Pallonji. It also won work for Collecting Electrodes from GE Power. Also, the company has got orders for Automobile products from VECV, Prabha Auto and Sheet Piles from RR constructions, Balaji Impex and others.

Further, the company’s subsidiary Pennar Engineered Building Systems has received orders for factory building from JSW cement, CFCL, & Welspun India and also got order for automotive plant from KIA motors. It also bagged order for multi storey building from Phoenix.

The company’s another arm Pennar Enviro has received general engineering and procurement order from Avasarala Technologies. It also received order for supply of clarifiers from Dossan Hydro.

Pennar is one of India’s leading industrial organizations offering specialized, engineering steel solutions. The company is a multi-location, multi-product company manufacturing cold rolled steel strips & tubes, cold rolled formed sections, electrostatic precipitators, pre-engineered building systems, sheet metal components and road safety systems.


Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
View more..