Pennar Industries, engaged in engineered metal products and pre-engineered buildings, announced that along with its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro PEL) have received orders to the tune of Rs 1.02 billion. The companies received orders from L&T, HCC, Firestone TVS, Yamaha Electronics, Schindler India, UltraTech Cement, Orion Projects, Kohinoor, NSL and others.
Pennar Engineered Building Systems received repeat order from Schindler India for a factory building at Pune. It received repeat order from Ultra Tech Cement for a wagon tippler shed at Dadri. It gets warehouse building, export job from orion projects, Maldives; received order for a Factory building from Signode India and received order from Frontier Sales.
Pennar Enviro received repeat order from L&T Metro - Hyderabad, for the design and supply of our unique packaged STP plant; received order from Kohinoor Pulp and Paper, for the Design, Supply, Erection and Commissioning of a 30 MLD Effluent Treatment Plant. It also received order from NSL Sugars for the Design, Supply, Erection and Commissioning of UF & RO Plant for the sugar industry. It also get order from Balakrishna Industries (BKT), for the Design, Supply, Erection and Commissioning of ETP (ZLD for Tyre industry effluent treatment).
Pennar Industries received order for road safety crash barrier system for 30 Kms from L&T at Tada, AP; received order for the supply of sheet piles from HCC. It also received order for the supply of Bead plates which is used to provide air spring suspension in motor vehicles and order for supplying automotive fly wheel cups from Yamaha Electronics
Commenting on the development vice chairman and managing director Aditya Rao said, ''Pennar is pleased to announce receipt of orders worth Rs. 1.02 billion from such prestigious customers. PIL and its subsidiaries have improved order inflows and we are confident of beginning the next fiscal on a strong footing. Coupled with our stronger cash flow position, and our low debt levels, we are well placed to scale revenue and profitability in the next few quarters.''
Shares of the company declined Rs 0.1, or 0.5%, to settle at Rs 19.85. The total volume of shares traded was 8,779 at the BSE (Thursday).