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Pennar Industries bags orders worth Rs 550 crore in February

09 Mar 2020 Evaluate

Pennar Industries has bagged orders worth Rs 550 crore across its business verticals during the month of February 2020. The Pre-Engineered Buildings division received orders for Manufacturing Plants, Airport Terminal, Solar Mounting Structures and Warehouses from leading names such as MRF, Mega Wide – GMR Goa Airport, Azure Power, Saffron Grid, TVS ILP, and Indus Project.

The Railways division received orders from customers such as SAIL Rites, Integrated Coach Factory, and Universal Engineering, while the Steel division received orders from Adani, L&T, Tata Nuevosol Energy, L.G. Balakrishnan, Steel Mart, Schaeffler, JM Frictech and others.

Further, the Tubes division received orders from Alf Engineering, VE Commercial, TVS Ancillaries, Bajaj Ancillaries and others, besides Export orders from Sourcing Systems, USA and Steel Tube Investments, USA. The Industrial Component division received orders from Emerson, Endurance, Tecumseh, INEL, Yamaha, Ashok Leyland, IFB, WABCO, Firestone and others.

The current order book position for Pre-engineered Buildings division stood at Rs 455 crore, Railways division at Rs 290 crore and Water Treatment Solutions at Rs 78 crore.

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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