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Pennar Group bags orders worth Rs 317 crore

Capital Market 

Pennar Group has bagged orders worth Rs 317 crores across its various business verticals and the subsidiary, PEBS Pennar.

Pennar Industries received multiple orders aggregating Rs 190 crore across its business verticals such as railways, tubes and industrial components. These orders were received from PIL's long standing customers including Solis Engineering, JM Infratech, IFB, Ashok Leyland, Tecumseh, Wabco, Mahindra, Salem Steel, etc.

Pennar Engineered Building Systems (PEBS Pennar), a leader in pre-engineered buildings and a PIL subsidiary, received orders aggregating Rs 127 crore.

The company is witnessing significant demand for pre-engineered warehouses and factory buildings. The new orders received by PEBS Pennar were from customers such as Pokarna, Gemini Oils, Suguna Foods, Rain CII, Twenty One Sugars, Aequs SEZ, etc.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 22 2018. 14:32 IST