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Pennar Industries bags RS 50cr orders

Pennar Industries bags RS 50cr orders
Highlights

The company has orders worth `177cr for supply during the current quarter while the total order book stands at `225cr Hyderabad: City-based Pennar...

The company has orders worth `177cr for supply during the current quarter while the total order book stands at `225cr

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Hyderabad: City-based Pennar Industries has received six orders totaling `50 crore for cold formed profiles, tubes and engineered components. It bagged these orders from Chennai-based Integral Coach Factory (ICF), Texmaco, J Kumar Infra Projects, ALF Engineering, IVRCL and IJM Infrastructure.

Order from ICF, a unit of Indian Railways, is for supply of railway coach sections and sub assemblies, while heavy engineering firm Texmaco placed orders for rail wagons. Other orders include one from ALF Engineering, an original equipment manufacturer of automotive chassis, for tubes for M&M body frames; IVRCL (Pune) for deck sheets for power projects and IJM (India) Infrastructure Ltd, a Malaysian multinational for safety barriers, for its Vijayawada road project.

"This is reflective of stability in new orders and the backlog position. Our efforts at offering new products in the area of tubes and press metal components, along with a focus on solar projects, have definitely helped in handling the continuing stress in our key markets,'' said Suhas Baxi, President and CEO, Pennar Industries.

The company has orders worth `177 crore for supply during the current quarter while the total order book stands at `225 crore.

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