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Pennar Industries Ltd. — Capital/Financing Update 2021
Jul 13, 2021
62596_rns_2021-07-13_c979ce70-a048-4c34-9978-ecc1043b845c.pdf
Capital/Financing Update
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Press release
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For immediate release
Pennar Group bags orders worth INR 571 crore
Hyderabad, July 13[th] 2021 : Pennar Group, a leading value-added engineering products and solutions company, has bagged orders worth INR 571 crores across its various business verticals.
The Pre- Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, Solar P V Modules, Structural Steel, Chiller Room, from customers like Amazon, Amyraah Properties, Trident, UTCL, Toyo and others. Current Order Book position is Rs. 360 crores.
The Railways vertical has received orders from GE, ICF, Railtech, SCR, Texmaco, TI Metal etc. Current Order book position is 165 crores.
The Industrial Components vertical has received orders from Emerson, Endurance, Yamaha, Ashok Leyland, Wabco, Tecumseh and others.
The Enviro vertical has received orders from Dept of Atomic Energy (BARC) and others. The current order book position is Rs. 59 crores.
The Solar Vertical has received orders from Vivan Solar, MB Green Energy, Axitec Energy, Heyday Ventures and Impulse Green Energy,
The Tubes and Steel Verticals have also received orders from its existing customers.
Pennar’s subsidiary Pennar Global Inc, having its headquarters in the US has booked orders worth Rs. 223 crores.
For further information, Pls contact
K M Sunil
Vice President – Corporate Strategy and Planning Pennar Industries Ltd Email: [email protected] Mobile: 9704444606