Pennar Industries spurts after winning new orders.

Pennar Industries, along with its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro (PEL) have received orders to the tune of Rs. 102 crore. The companies received orders from L&T, HCC, Firestone TVS, Yamaha Electronics, Schindler India, UltraTech Cement, Orion Projects, Kohinoor, NSL and others, the company said in a statement.

Commenting on the development, Vice Chairman and Managing Director Mr. Aditya Rao said, 'Pennar is pleased to announce receipt of orders worth Rs. 102 crore from such prestigious customers. PIL and its subsidiaries have improved order inflows and we are confident of beginning the next fiscal on a strong footing. Coupled with our stronger cash flow position, and our low debt levels, we are well placed to scale revenue and profitability in the next few quarters.'

BS