Pennar Industries bags Rs 550 crore orders

Hyderabad: Putting up a strong showing, Pennar Industries Ltd, a leading value-added engineering products and solutions company, on Monday announced that it bagged orders worth Rs 550 crore across its business verticals during the month of February 2020.

The current order book position for pre-engineered buildings division stands at Rs 455 crore, Railways division at Rs 290 crore and water treatment solutions at Rs78 crore, according to a release.

K M Sunil, V-P (Corporate Strategy), Pennar Industries, said: "The performance of the company is very heartening given the present challenging market scenario.

All the verticals received good orders during February, which augurs well for the future."

The pre-engineered buildings division received orders for manufacturing plants, airport terminal, solar mounting structures and warehouses from leading names such as MRF, GMR Goa Airport, Azure Power, Saffron Grid, TVS ILP, and Indus Project.

The Railways division received orders from customers such as Sail Rites, Integrated Coach Factory, and Universal Engineering.

The steel division received orders from Adani, L&T, Tata Nuevosol Energy, LG Balakrishnan, Steel Mart, Schaeffler, JM Frictech and others.

The Tubes division received orders from Alf Engineering, VE Commercial, TVS Ancillaries, BajajAncillaries and others, besides Export orders from Sourcing Systems, USA and Steel Tube Investments,USA.

The Industrial Component division received orders from Emerson, Endurance, Tecumseh, INEL, Yamaha, Ashok Leyland, IFB, WABCO, Firestone and others.