MoneyWorks4Me

Pennar Industries, subsidiaries bag orders worth Rs 242 crore

17 Jan 2018 Evaluate

Pennar Industries has received orders worth Rs 242 crore across its business units & Subsidiary Companies. It has received orders for Module Mounting Structures from Photon Energy Systems, Clean Max, Greenko, Sterling & Wilson to be executed in Tamil Nadu, Karnataka & Maharashtra. The company has also received various railway orders from Integral Coach Factory, Modern Coach Factory and BEML for supply of Coach related components.

The company’s subsidiary - Pennar Engineered Building Systems received major order for Hybrid Towers from Reliance, major order for a Convention centre from Hitex Exhibition, major order for a UPVC manufacturing plant from NCL Wintech, orders for a warehouse from TVS infrastructure, Rai Estates and order for a factory building from RKV Developers.

Pennar Industries 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
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