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Pennar Group secures orders worth Rs 309 cr

Thursday, 03 Jan 2019
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Pennar Group has bagged orders worth Rs 309 crore across its various business verticals and the subsidiary, PEBS Pennar.

The group’s flagship company Pennar Industries (PIL) received multiple orders worth Rs 124 crore across its business verticals such as railways from Integrated Coach Factory, Modern Coach Factory, etc; for hydraulics and industrial components from customers like Emerson, Endurance, Firestone, etc and the solar and building components division received orders from L&T, PES Engineers, IFB, LG Balakrishnan, Wahi Sons, Bimetal Bearings, etc.

Pennar Engineered Building Systems (PEBS Pennar) which is into pre-engineered buildings and a PIL subsidiary, received orders aggregating Rs 125 crore. The company is witnessing significant demand for pre-engineered warehouses, hi-rise buildings, factory buildings and structural steel works from customers such as Natco Pharma, Baranagar Jute, Allcargo Logistics, Phoenix, Renaissance Infra, Lakshmi Automotive and Gemini Edibles.

With the recently bagged contracts, the order book of PEBS Pennar stands at Rs 480 crore. Pennar Enviro has bagged orders worth Rs 60 crore for design and supply of water treatment plants from Reliance, JSW and an upcoming greenfield project from a cement major.

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