Tuesday 5 May 2015

Pennar Ind and its subsidiary Pennar Enviro bags orders worth Rs. 76 crores

The companies received orders from Hindustan mDorr Oliver, United Spirits Limited, Sterling and Wilson, Integral Coach Factory, Southern Railway and mEast Central Railway among others. 

Pennar Industries
Pennar Industries Ltd. and its subsidiary Pennar Enviro Ltd. have announced receipt of orders worth Rs. 76 crores. The companies received orders from Hindustan mDorr Oliver, United Spirits Limited, Sterling and Wilson, Integral Coach Factory, Southern Railway and mEast Central Railway among others.

Nrupender Rao, Executive Chairman, Pennar Group, said, “We have seen a mrobust growth in order book across all the verticals and this is indicative of our sharp focus on driving volumes as well the impetus given to on-time execution in these businesses. With our order mbook turnaround times improving, we are also eliciting more repeat orders from existing customers. We are confident of continuing growth in all our verticals”.

Environment and Water Treatment:

  1. Received an order from Hindustan Dorr Oliver for design, supply and erection of an effluent treatment plant.

  2. Received an order from United Spirits Limited for design, supply and erection of an effluent treatment plant and a sewage treatment plant.

Solar power and Railways:

  1. Received 20 Mw order from Sun Technologies for supply of solar module mounting systems in Orissa.

  2. Received 23 Mw order from Sterling and Wilson for supply of solar module mounting systems in Madhya Pradesh.

  3. Received an order from Southern Railway and East Central Railway for supply of components for Wagons.

  4. Received an order from Integral Coach Factory for the supply of components for Coaches.

At 12:07 PM, the stock were trading up 1% at Rs. 49. The stock has hit a high of Rs. 51 and a low of Rs. 49on NSE today.

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