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Pennar Industries’ subsidiary secures multiple orders worth Rs 52 crore

Pennar Industries Ltd. | Steel & Iron Products | Metals & Mining | BSE: 513228 | NSE: PENIND

18 Oct 2012 Evaluate

Pennar Industries’ subsidiary Pennar Engineered Building Systems, has secured multiple orders worth Rs 50 crore from IOT Infrastructure & Energy Services (IOT), Oil Country Tubular (OCTL), Dynatron Services and East Line Steels.

The order received from IOT Infrastructure & Energy Services (IOT) is for design, manufacture, supply and installation of a product warehouse package on EPC basis. IOT is a joint venture between Indian Oil Corporation and Oil Tanking, Germany. The project is located at ONGC Petro Chemical Complex, Dahej, Gujarat, while the total area of the project is 128,250 sqm.

Additionally, order from Oil Country Tubular (OCTL) bagged by the company is for designing, manufacturing, supplying and installing a pipe processing plant building, near Narketpalli, Andhra Pradesh. The project is expected to be completed in 14 weeks.

Moreover, order is bagged Dynatron Ship Repairs & Services, a division of Dynatron Services., Mumbai, is for design, manufacture, supply and installation of its general engineering and ship repair workshop building. The project, which is located at Shirwad Industrial Area, Karwar, Karnataka is expected to be completed by January 2013.

Lastly, the company has also secured order from East Line Steels for design, manufacture, supply and installation of school buildings sponsored under the Sarva Shiksha Program by the Central Government. The project is expected to be completed by March 2013.

Pennar Industries is engaged in the manufacturing of Cold Rolled Steel Strips (CRSS) and value-added products under Cold Rolled Formed Sections (CRFS) like precision tubes, engineered components, road safety systems, parts of railway coaches and Electro Static Precipitators (ESP).

Pennar Industries Share Price

175.30 1.80 (1.04%)

17-Apr-2026 16:59 View Price Chart

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Pennar Industries’ subsidiary secures multiple orders worth Rs 52 crore

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