MoneyWorks4Me

Pennar Group bags orders worth Rs 311 crore

13 May 2019 Evaluate

Pennar Group has bagged orders worth Rs 311 crore during the month of April 2019 across its various business verticals.

The Group’s flagship company Pennar Industries (PIL) received multiple orders aggregating Rs 173 crore across its business verticals. The orders received were from Integrated Coach Factory, Rail Coach Factory and Universal Engineering for railway products; Emerson, Endurance, Wabco, Ashok Leyland, Yamaha for industrial components; Sterling & Wilson, Hammon and Thermax for CRFS products; IFB, L G Balakrishnan and Wahi Sons for CRSS products and various customers from the automobile industry for tubes.

Pennar Engineered Building Systems (PEBS Pennar), a leader in pre-engineered buildings, received orders aggregating Rs 138 crore. The new orders received by PEBS Pennar were for warehouses and manufacturing facilities from customers such as Natco, MRF and Cyient. This is the third repeat order from MRF and one of the biggest for PEBS Pennar.

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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