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
  Nifty scales above 22,700; bank shares rally
 ( Market Commentary - Mid-Session 23-May-24   11:38 )
  Pennar Industries consolidated net profit rises 22.58% in the March 2024 quarter
 ( Results - Announcements 23-May-24   07:39 )
  Pennar Industries consolidated net profit rises 35.15% in the September 2023 quarter
 ( Results - Announcements 10-Nov-23   07:44 )
  Pennar Industries consolidated net profit rises 19.03% in the December 2023 quarter
 ( Results - Announcements 10-Feb-24   07:39 )
  Pennar Industries to hold AGM
 ( Corporate News - 20-Aug-21   11:31 )
  Pennar Inds hits record high after planning to expand PEB plant in UP
 ( Hot Pursuit - 02-Jul-24   12:59 )
  Pennar Industries consolidated net profit declines 97.91% in the September 2020 quarter
 ( Results - Announcements 13-Nov-20   08:06 )
  Pennar Industries to hold board meeting
 ( Corporate News - 31-Jul-18   12:07 )
  Pennar Industries announces board meeting date
 ( Corporate News - 30-Oct-20   09:44 )
  Pennar Industries AGM scheduled
 ( Corporate News - 13-Aug-20   14:37 )
  Pennar Industries receives NCLT approval to merge PEBS Pennar and Pennar Enviro with itself
 ( Corporate News - 16-May-19   14:11 )
Other Stories
  Transformers and Rectifiers gains on bagging order worth Rs 565-cr
  03-Oct-24   11:16
  Volumes jump at Just Dial Ltd counter
  03-Oct-24   11:00
  Hero MotoCorp total sales spurts 19% YoY in Sep
  03-Oct-24   10:50
  Yes Bank's loan book rises to Rs 2.36 lakh crore in Q2 FY25; deposits up over 18% YoY
  03-Oct-24   10:46
  Dabur India slides on forecasting mid-single digit revenue dip in Q2 FY25
  03-Oct-24   10:46
  KRN Heat Exchanger makes stellar debut
  03-Oct-24   10:31
  Maruti Suzuki total sales rises to 1,84,727 units in Sep’24
  03-Oct-24   10:12
  Metal shares gain
  03-Oct-24   10:00
  Basic materials shares gain
  03-Oct-24   10:00
  Telecom shares rise
  03-Oct-24   10:00
Back Top