Pre-engineered building solutions provider, Pennar Engineered Building Systems Limited (PEBS Pennar), a subsidiary of Hyderabad-based, Rs 1,440-crore Pennar Industries Limited, has bagged orders worth Rs 60 crore.
The contracts include a repeat order from Aditya Birla Group’s Ultratech Cements for design, manufacture, supply and installation of three buildings to be used for storage of limestone, additives and stock piles at Malkhed in Karnataka, an order from Kirloskar Pneumatic for its 8,300-square metre manufacturing unit near Pune, and an order from Rohan Builders for a manufacturing unit meant for Japanese company Nippon India Corporation for their upcoming project at Shirwal in Maharashtra.
“The new contracts take the total order book of the company to Rs 260 crore. We will continue to capitalise on our design and engineering strengths through a strong marketing and sales team,” said PV Rao, executive director of PEBS Pennar.
PEBS Pennar had established its manufacturing facility near Hyderabad in 2008 with an initial capacity of 30,000 tonne a year, which was expanded to 60,000 tonne in FY2011. The company is now in the process of further expanding the capacity to 90,000 tonne to meet the increasing demand.
The company, which has plans to set up a manufacturing facility in north India in a couple of years, closed FY12 with gross revenues of Rs 280 crore. With firm growth strategy in place, it projects revenues of Rs 500 crore by FY14, the company said in a release on Friday.
