MoneyWorks4Me

Pennar Industries bags order worth Rs 131 crore

21 Sep 2018 Evaluate

Pennar Industries has received multiple orders aggregating Rs 131 crore across its business verticals such as building products, railways, solar, tubes, industrial components, etc. These orders were received from PIL’s long standing customers including Thermax, Mahindra, L&T, Endurance Technologies and Yamaha India.

In addition, the company’s subsidiary -- Pennar Engineered Building Systems (PEBS) -- has received multiple orders aggregating Rs 50 crore for its various products such as pre-engineered warehouses, factory buildings and solar structures from customers such as Promeo Therapeutics, Aequs SEZ, Dongyang Engineering, My Home Constructions, etc.

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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