Pennar Industries and its subsidiary Pennar Engineered Building Systems (PEBS Pennar) announced receipt of orders worth Rs 500 million for pre-engineered buildings, cold formed profiles and engineered components.
The orders were received from Renaissance Infra Realty, Mahindra Gears & Transmissions, RT Exports, SS Developers, Oriental Aromatics, MES projects and others.
Commenting on these developments, Nrupender Rao, chairman of Pennar Industries said: ''Pennar received prestigious orders from Renaissance Infra Realty, Mahindra Group, RT Exports and others worth Rs 500 million. This reinforces the market acceptance of the design and engineering capabilities of the company. This reinforces our confidence to meet the year end growth targets and also builds a strong opening position for the next year's order book.''
Shares of the company declined Rs 0.7, or 2.71%, to settle at Rs 25.15. The total volume of shares traded was 701 at the BSE (Thursday).