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The Pennar Group consists of Pennar Industries, Saven Technologies and Pennar Engineered Building Systems.
The verticals of the company include: PEB, Ascent Buildings (USA), ICD, Railways, Tubes and Steel. The orders are expected to be executed within the next two quarters, the company stated.
Pennar Industries is engaged in the manufacture of steel products, including cold rolled steel strips (CRSS) and cold formed metal profiles.
On a consolidated basis, net profit of Pennar Industries rose 99.16% to Rs 21.33 crore on 29.88% increase in net sales to Rs 692.22 crore in Q3 FY23 over Q3 FY22.
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