Pennar Industries Ltd receives orders worth Rs. 210 crores
Pennar Industries Ltd., one of India’s leading industrial organizations offering specialized, engineering steel solutions have announced major receipt of orders worth Rs. 210 crores across its business units.
Systems & Projects
1. Received Solar MMS orders from Renew, L&T and Cleanmax.
2. Received various Railway orders from Integral Coach Factory, Modern Coach Factory and BEML Ltd.
Pennar Engineered Building Systems
3. Received major order from RVNL for a wagon manufacturing unit through URC.
4. Received major Structural steel orders from a reputed customer.
5. Received orders for Warehouse from Renaissance Indus Infra, Shristi Cargo.
6. Received order for Module Mounting Structures from Cleanmax Solar.
7. Received order for Factory building from Balaji Speciality Chemicals.
Steel products
8. Received orders for Special Grade CR from GE Power, Hamon, Thermax, Mimson, Flsmidth
9. Received orders for Building Components from L&T, Gammon, Elecon, BGR, Tata Projects.
10. Received orders for CRCA from IFB Industries, LG Balakrishnan, JM Frictech India, Bimetal Bearings etc.
Industrial Components
11. Received repeat orders for Hydraulic Cylinders from various customers.
Tubes
12. Received repeat export orders for CDW Tubes from Salem, Comprinox, Shell & Flack, CIE Automotive.
Pennar Enviro
13. Received order for Waste Treatment from Avasarala Technologies.
14. Received major order for Chemical Additives from Utkal Alumina International Limited.
Shares of PENNAR INDUSTRIES LTD. was last trading in BSE at Rs.67.5 as compared to the previous close of Rs. 64.5. The total number of shares traded during the day was 397914 in over 2889 trades.
The stock hit an intraday high of Rs. 70.5 and intraday low of 64.55. The net turnover during the day was Rs. 27269348.
Source: Equity Bulls
