Pennar Industries Limited, a leading value-added engineering products and solutions company today announced that it has bagged orders worth INR 302 crore across its business verticals during the month of November 2019.
The Railways division received orders from customers such as Integrated Coach Factory, MCF, TI, Universal Engineering and Texmaco. The Pre-engineered building division received orders for construction of Warehouses and factory buildings from Coromandal, Ambuja Cement, Antkrish Group, RKS builders, Chettinadu builders. The Steel division has received orders from Thermax, IFB, Toshiba, LG Balakrishnan, Steel Mart, Schaeffler and others. The Industrial component vertical has received orders from Emerson, Endurance, Tecumseh, Yamaha, Ashok Leyland, IFB, WABCO, Kone, Fujitech and others.
The Enviro division has received orders from Oriental Carbon, Cinda Engineering and others. The order book position for Railways division was INR 270 crore, Pre-engineered buildings division was INR 358 crore and Water treatment division was INR 92 crore as on 4th December 2019.
Recently, the Company’s Board of Directors has announced buyback of its equity shares.
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