Pennar Industries bags orders worth Rs. 255 cr.

Engineering and special steel solutions provider Pennar Industries Ltd. has announced it has secured several orders worth Rs. 255 crore across its business units.

These orders include supply of under frames from Integral Coach Factory and Modern Coach Factory, module mounting structures from Adani Power, L&T, Sterling & Wilson, and Azure.

Pennar Engineered Building Systems has received an order from a cement company for its building at Dolvi, a paint company for its factory at Bellary and from IKEA for its distribution centre at Hyderabad.

According to a statement filed with BSE, the company and its business arms have received an order from Azure Power for its module structures for a solar power plant coming up at Kalwakurthy, Toyo engineering for a fertiliser unit at Kota and Berger Paints for a warehouse near Kolkata.

Through Pennar Enviro, it has secured orders for water treatment filters from Doosan Hydro (USA), sewage treatment plant and water treatment plant from Ambience Infra.

It further stated that the Industrial Components business has received a repeat order for hydraulic cylinders from BEML and for customised cylinders from Bailey, USA.

It has also received orders for Collecting Electrodes from Hamon, GE Power and for special grade steel from IFB Industries, KM Seat, JM Frictech Luk India, Pennar Industries informed the BSE.

HBL