Hot Pursuit     16-Aug-23
Pennar Inds spurts after securing orders worth Rs 702 crore from numerous clients
Pennar Industries zoomed 8.87% to Rs 94.30 after the company announced that it has bagged orders worth Rs 702 crore across its various business verticals.

The PEB vertical has bagged orders from SKB Builders, Anthea Pharma, Tata Electronics, Radiant Vyapaar, Powertech, Godrej Boyce, Revolve and Indospace.

Ascent Buildings, USA, has secured contracts from S&S, SNW Steel, LDP Constructions, Metal Roofing Solutions, Rick Cox Constructions, Twin Shores, Gateway Building Systems, Gem Technologies and Chattahochee Group.

The ICD vertical has received orders from Ashok Leyland, Yamaha, Emerson, Endurance, Haldex, Wabco, Tecumseh, SI Airspring, Kone, Fujitech, Schwing Stetter, INEL, Hydraulics, Elkhart, Kone, Sicor, Venus, Fleetguard, and Jost.

The Railways vertical has bagged orders from ICF, Rites, Orienteal, Wabtec, SCR, ECR, Titagarh, Daneili and Texmaco.

The Tubes vertical has received orders from ALF Engineering, Thermax, IFB Automotive, Hindalco, Kirloskar Toyota, Patton International, Interoll India, RSB Transmissions, GI Auto, Scott Industries, LMW, Nash Industries, Oriental Electrical, LMW, Innova Rubbers and Toyota Boshoku, San & San Auto. Coetz Technologies, Vardhaman, Kumar Piyush and Steel Tube Investments.

The Steel vertical has bagged orders from Tata Power, Saint Gobain, Waree, Thermax, VECV, IFB Industries, L G Balakrishnan, Johnson Lifts, Bimetal Bearings, Navayuga Engg, VRL, , Jackson, Nash, Primex Plastics and JM Frictech.

"The above orders are expected to be executed within the next two quarters,” the company said in a statement.

Pennar Industries is engaged in the manufacture of steel products, including cold rolled steel strips (CRSS) and cold formed metal profiles.

The company reported 54.90% jump in net profit to Rs 21.81 crore on a 6.99% increase in net revenue from operations to Rs 748.89 crore in Q1 FY24 over Q1 FY23.

Previous News
  Pennar Industries schedules board meeting
 ( Corporate News - 30-Jan-23   15:24 )
  Pennar Industries consolidated net profit rises 37.76% in the June 2017 quarter
 ( Results - Announcements 14-Aug-17   17:30 )
  Nifty scales above 22,700; bank shares rally
 ( Market Commentary - Mid-Session 23-May-24   11:38 )
  Pennar Industries to discuss results
 ( Corporate News - 13-May-24   16:30 )
  Pennar Industries bags multiple orders aggregating Rs 702 cr
 ( Corporate News - 14-Aug-23   17:30 )
  Pennar Industries gains on buyback proposal
 ( Hot Pursuit - 02-Mar-22   12:23 )
  Pennar Industries consolidated net profit rises 92.15% in the September 2019 quarter
 ( Results - Announcements 14-Nov-19   15:20 )
  Pennar Industries consolidated net profit rises 104.29% in the September 2022 quarter
 ( Results - Announcements 10-Nov-22   08:01 )
  Pennar Industries consolidated net profit rises 15.40% in the December 2018 quarter
 ( Results - Announcements 13-Feb-19   10:45 )
  Pennar Industries consolidated net profit rises 115.90% in the March 2015 quarter
 ( Results - Announcements 14-May-15   09:09 )
  Pennar Industries announces board meeting date
 ( Corporate News - 30-Oct-20   09:44 )
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