 "Pennar Industries wins orders worth Rs 180 crores")
Pennar Industries and its subsidiary Pennar Enviro Ltd have received orders worth Rs 180 crores for engineering & infrastructure and environment & water treatment projects. Pennar has received orders from Yamaha, Bailey USA, Mega Rubber Technologies, Hamon Research-Cottrell, SNC Power, Larsen & Toubro, Toshiba Ltd, IFB Industries, Mahindra Solar, Waaree Industries, Integral coach factory, Bhilai Engineering Corporation, Lanco Power, Hetero drugs, Hindustan Dorr Oliver (for ONGC), among others.
In general engineering & infrastructure segment, it has received repeat orders for manufacturing solar module mounting systems from major customers like L&T, Mahindra Solar, Waaree Industries, Sterling & Wilson etc. Other orders in this segment include Bailey Hydraulics, USA for manufacturing hydraulic cylinders (export order); Hamon Research-Cottrell Pvt Ltd for manufacturing collecting & discharge electrodes; Toshiba for manufacturing cold rolled steel strips (CRSS); IFB Industries for special grade CRSS; Mega Rubber Technologies for manufacturing cold drawn welded tubes; Yamaha for manufacturing rotor cups; and order for coach sub components from Integral Coach Factory and Bhilai Engineering Corporation.
In environment and water treatment, Pennar received order from Hindustan Dorr Oliver for supply & erection of effluent treatment plant for ONGC in Hazira and Lanco for supply & erection of demineralisation/sea water RO/brackish water RO. In addition, it has received orders from United Spirits Ltd for effluent & sewage treatment plants and Hetero Drugs for supply of bio-toilets.
Commenting on the development, Aditya Rao, vice chairman and managing director, Pennar Industries, said, “Our repeat orders are increasing and we are adding new customers across all the segments. This has led to increase in order book across all divisions in this volatile market. Our focus on engineering products and special grade products ensure that we do not compromise on our margins. We look forward to a strong close to the financial year ending March 2016.”
In general engineering & infrastructure segment, it has received repeat orders for manufacturing solar module mounting systems from major customers like L&T, Mahindra Solar, Waaree Industries, Sterling & Wilson etc. Other orders in this segment include Bailey Hydraulics, USA for manufacturing hydraulic cylinders (export order); Hamon Research-Cottrell Pvt Ltd for manufacturing collecting & discharge electrodes; Toshiba for manufacturing cold rolled steel strips (CRSS); IFB Industries for special grade CRSS; Mega Rubber Technologies for manufacturing cold drawn welded tubes; Yamaha for manufacturing rotor cups; and order for coach sub components from Integral Coach Factory and Bhilai Engineering Corporation.
In environment and water treatment, Pennar received order from Hindustan Dorr Oliver for supply & erection of effluent treatment plant for ONGC in Hazira and Lanco for supply & erection of demineralisation/sea water RO/brackish water RO. In addition, it has received orders from United Spirits Ltd for effluent & sewage treatment plants and Hetero Drugs for supply of bio-toilets.
Commenting on the development, Aditya Rao, vice chairman and managing director, Pennar Industries, said, “Our repeat orders are increasing and we are adding new customers across all the segments. This has led to increase in order book across all divisions in this volatile market. Our focus on engineering products and special grade products ensure that we do not compromise on our margins. We look forward to a strong close to the financial year ending March 2016.”
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