MoneyWorks4Me

Pennar Industries secures multiple orders worth Rs 40 crore

28 Jan 2013 Evaluate

Pennar Industries (Pennar), one of India’s leading industrial companies engaged in the production and marketing of specialized and engineered metal products, and pre-engineered buildings, has secured order worth Rs. 40 crore from L&T, ABB, Ramky, Lanco and others.

The company has secured first order from Larsen & Toubro for steel mounting structures for their solar projects. The company secured its second orders order from ABB and Lanco Infratech for solar power systems. The third order is from Ramky Infrastructure for installing road safety system for a 40 km highway stretch that Ramky is developing.

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).

Peers
Company Name CMP
JSW Steel 1246.45
Tata Steel 183.70
Steel Authority 175.60
Jindal Stainless 736.50
APL Apollo Tubes 2143.30
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