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Business EconomyPosted at: Nov 22 2018 4:13PM


Pennar Group bags orders worth Rs 317 crore

Mumbai, Nov 22 (UNI) Pennar Group, a leading value-added
engineering products and solutions company said that it has
bagged orders worth Rs 317 crores across its various
business verticals and the subsidiary, PEBS Pennar.
The Group's flagship company Pennar Industries Limited (PIL)
received multiple orders aggregating Rs 190 crore across its
business verticals such as railways, tubes and industrial
components, company said in a filing with BSE
These orders were received from PIL's long standing
customers including Solis Engineering, JM Infratech, IFB,
Ashok Leyland, Tecumseh, Wabco, Mahindra, Salem Steel, etc.
Pennar Engineered Building Systems (PEBS Pennar), a leader
in pre-engineered buildings and a PIL subsidiary, received
orders aggregating Rs 127 crore. The company is witnessing
significant demand for pre-engineered warehouses and factory
buildings.
The new orders received by PEBS Pennar were from customers
such as Pokarna Limited, Gemini Oils, Suguna Foods, Rain
CII, Twenty One Sugars, Aequs SEZ, etc.
Commenting on the recent wins, Mr. K M Sunil, Vice President
- Corporate Strategy, Pennar Industries Limited said, "We
are excited about the business prospects across our business
verticals. Our railways, steel and tubes divisions have
received major orders which we will execute over the next
couple of months. With economic activities picking up,
demand for Pre-engineered Structures is increasing. PEBS
Pennar is one of the most trusted names in the
pre-engineered buildings business and will be the biggest
beneficiary of the higher demand in the sector. PEBS Pennar
has an order book of Rs 422 crore as on date which will be
executed within the next 7-12 months."
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Tags: #Pennar Group bags orders worth Rs 317 crore
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