Pennar Industries Secures Orders Valued at INR 669 Crores

Pennar Group, a prominent player in the value-added engineering products and solutions sector, has successfully clinched orders totaling INR 669 crores spanning various business verticals.

In the Pre-Engineered Building (PEB) segment, orders have been secured from a range of esteemed clients including RLR Infra, SNJ Distilleries, Antariksh Group, Taiin Infra, Power Mech Projects, SR Enterprises, TVS Sangli, and MSR Assets. Additionally, Pennar Group has garnered orders from Ascent Buildings, USA, with clients such as Red Hot Buildings, Tarheel Buildings, Joiner Construction, T&D Concrete, Tifton Buildings, Dunn Buildings, PS West Construction, and JA Street.

The Industrial Components Division (ICD) of Pennar Group has received orders from renowned companies such as Ashok Leyland, Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Sicor, Venus, Fleetguard, and Jost.

In the Railways sector, Pennar Group has secured orders from esteemed entities including SAIL Rites, ICF, Titagarh, Texmaco, Wabtech, and Oriental.

The Tubes division of Pennar Group will be delivering products to ALF Engg, GI Auto, Patton Intl, Toyota Boshoku, Oriental Electrical, Nu-way Heat Transfer, AE Engineering, Fine Components, Hi Esteem, Sigma Electric, Rajsriya, Mohan Industry, Steel Tubes Investments, Scot Industries, and Marimba Auto.

Furthermore, the Steel division of Pennar Group will be supplying products to Saint Gobain, Waree, Thermax, VECV, IFB Industries, L G Balakrishnan, Johnson Lifts, Bimetal Bearings, Navayuga Engg, VRL, Primex Plastics, and JM Frictech.

These orders are anticipated to be executed over the next two quarters, showcasing Pennar Group's diverse and robust presence across multiple industries.

EQUITYBULLS