Pennar Group gets Rs 309 cr order

Pennar Group gets Rs 309 cr order
Highlights

Citybased Pennar Group, a diversified multiproduct engineering company on Wednesday,said it bagged orders worth Rs 309 crore, for its various business verticals and PEBS Pennar, the subsidiary In a statement, Pennar Group said its flagship company, Pennar Industries Ltd has received multiple orders for Rs 124 crore O

Hyderabad: City-based Pennar Group, a diversified multiproduct engineering company on Wednesday,said it bagged orders worth Rs 309 crore, for its various business verticals and PEBS Pennar, the subsidiary. In a statement, Pennar Group said its flagship company, Pennar Industries Ltd has received multiple orders for Rs 124 crore. “Our business verticals have received orders from L&T, PES Engineers, IFB, LG Balakrishnan, Wahi Sons, Bimetal Bearings, among others for solar and building components division, the hydraulics and industrial components has received orders from customers like Emerson, Endurance, Firestoneetc, along with others,” said a top official.

Commenting on the orders bagged, K M Sunil, Vice President, Corporate Strategy, Pennar Industries Ltd, said, “we continue to find good traction across our business verticals and subsidiaries. We are particularly excited to have received orders worth Rs 60 crore for water treatment plants and a single large order worth Rs 62 crore for Structural Steel.” Adding further he said the recent orders are from their existing and new customers.“We expect steady order inflow during this last quarter of FY2019,” he added.

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