Pennar bags contract worth Rs.50 Crore

Pennar Engineered Building Systems, has bagged four contract worth Rs 50 Crore from IOT Infrastructure & Energy Services (IOT), Oil Country Tubular (OCTL), Dynatron Services (P) and East Line Steels (P).

It has bagged a design, manufacture, supply and installation order contract from IOT, a joint venture between Indian Oil Corporation and Germany-based Oil Tanking, to build a product warehouse package (spread across 128,250 sqm) at ONGC Petro Chemical Complex in Dahej, Gujarat, on EPC basis.