Hot Pursuit     18-Dec-21
Pennar Group bags orders worth Rs 582 cr across multiple business verticles
Pennar Group, a value-added engineering products and solutions company, has bagged a total orders worth Rs 582 crore across its various business verticals.

The Pennar Group consists of Pennar Industries, Saven Technologies and Pennar Engineered Building Systems.

As per Pennar Industries' exchange filing, the Pre-Engineered Building vertical received orders for construction of manufacturing facilities, ware houses, solar P V modules, structural steel from customers like Ultratech Cement, Shri Digvijay Cement, Matrix Structure, Lodha Group etc.

The Solar Module vertical received orders from Anantapur Energy Products, Eveready Group among others.

The Railways vertical has received orders from Wabtech, Dynamic, Orbinox, ICF, SCR, and TI Metal etc.

The Industrial Components vertical has received orders from Emerson, Endurance, Haldex, AASA, Wabco, Tecumseh, INEL, Elkhart, Venus, SI Airspring among others.

The Steel vertical has received orders from Zetwerk Manufacturing, Saint Gobain, Thermax, LG Balakrishnan, Schaeffler India, Toshiba Transmission etc.

Overseas, Pennar Group's US subsidiaries have booked orders worth Rs 186 crore from customers like James Hardie, Aspyre Design and Indian Creek Movie Studios.

The company reported a consolidated net profit of Rs 8.14 crore in Q2 September 2021 as against net profit of Rs 0.57 crore in Q2 September 2020. Net sales surged 41.3% to Rs 551.70 crore in Q2 September 2021 over Q2 September 2020.

Shares of Pennar Industries dropped 3.70% to close at Rs 29.95 on Friday, 17 December 2021. Pennar Industries is engaged in the manufacture of steel products, including cold rolled steel strips (CRSS) and cold formed metal profiles.

Previous News
  Pennar Industries consolidated net profit rises 3428.42% in the March 2021 quarter
 ( Results - Announcements 04-Jun-21   18:02 )
  Pennar Inds jumps after bagging orders
 ( Hot Pursuit - 08-May-23   13:10 )
  Pennar Industries bags multiple orders aggregating Rs 702 cr
 ( Corporate News - 14-Aug-23   17:30 )
  Pennar Industries reports consolidated net loss of Rs 34.11 crore in the June 2020 quarter
 ( Results - Announcements 13-Aug-20   11:02 )
  Board of Pennar Industries approves further investment of $4.3 mn in Ascent Buildings LLC
 ( Corporate News - 04-Jun-21   18:36 )
  Pennar Industries to conduct AGM
 ( Corporate News - 24-Aug-22   16:56 )
  Pennar Industries to convene board meeting
 ( Corporate News - 03-Mar-22   09:19 )
  Pennar Industries consolidated net profit rises 1.36% in the September 2018 quarter
 ( Results - Announcements 15-Nov-18   15:56 )
  Pennar Industries to conduct AGM
 ( Corporate News - 04-Sep-18   17:32 )
  Pennar Industries consolidated net profit rises 54.90% in the June 2023 quarter
 ( Results - Announcements 17-Aug-23   15:56 )
  Pennar Industries standalone net profit rises 71.67% in the June 2018 quarter
 ( Results - Announcements 15-Aug-18   12:49 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top