Pennar Group Bags Orders Worth Rs 309 Cr

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By Accommodation Times Bureau

HYDERABAD:

Pennar Group, a leading engineering products and solutions company, has bagged orders worth Rs 309 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 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), pre-engineered buildings and a PIL subsidiary, received orders aggregating Rs125 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.

Pennar Enviro has bagged orders worth Rs 60 crores for design and supply of water treatment plants from Reliance, JSW and an upcoming greenfield project from a cement major.

KM Sunil, Vice President – Corporate Strategy, Pennar Industries Limited, said, ” While the Railways division received large orders, we are particularly excited to have received orders worth Rs 60 crore for water treatment plants and a single large order worth Rs 62 crore for Structural Steel. The recent orders are from our existing as well as new customers which are industry leaders in their respective businesses. We expect steady order inflow during this last quarter of FY2019.”





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