New orders win worth Rs 35 crore lifts Pennar Industries

Pennar Industries is currently trading at Rs 30.00, up by 1.90 points or 6.76% from its previous closing of Rs 28.10 on the BSE.

The scrip opened at Rs 28.40 and has touched a high and low of Rs 31.45 and Rs 27.95 respectively. So far 145562 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 43.05 on 17-Nov-2011 and a 52 week low of Rs 27.00 on 15-Jun-2012.

Last one week high and low of the scrip stood at Rs 31.45 and Rs 27.35 respectively. The current market cap of the company is Rs 341.67 crore.

The promoters holding in the company stood at 39.42% while Institutions and Non-Institutions held 28.26% and 32.32% respectively.

Pennar Engineered Building Systems (PEBS Pennar), a subsidiary of Pennar Industries, has bagged 4 prestigious orders worth Rs 35 crore. The company has secured first order from Volvo India for design, manufacture, supply and erection of five buildings to be used for their truck manufacturing unit near Bangalore. The project will cover an area of 21,000 sqm and will use the Company’s premium brand 100% leak proof Double-Lok standing seam roofing system. The project is to be completed in 6 months.

The company has also won order from Shimuzu Corporation for design, manufacture, supply and erection of buildings to be used as ancillary units and structural steel support system for conveyor belt and external pipe rack system. The order has been placed for the project of Honda Motorcycle & Scooter India. The project is to be completed in 4 months.

Further, the company has received contract from Hindustan Unilever for design, manufacture, supply and erection of warehouse building in Haldia. The project is to be completed in 4 months.

Moreover, it has bagged its final order from Areva Industries for design, manufacture, supply and erection of building for Schneider Electric’s circuit breaker manufacturing unit in Chennai. The project is to be completed in 3 months.

PEBS Pennar had already executed two orders for Schneider Electric’s manufacturing units in Bangalore and Chennai.