BREAKING: Pennar Industries Bags Rs 628 Crore Orders in May 2023: Here’s How

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Pennar Industries, a leading value-added engineering products and solutions company, has announced that it has bagged orders worth Rs 628 crore across its various business verticals. The orders have been received during the month of May 2023 and are expected to be executed within the next two quarters.

The company has won orders for its business verticals of Inland Container Depot (ICD), Pre-Engineered Buildings (PEB), Railways, Steel, Tubes, and Ascent Buildings, USA. Some of the prominent customers who have placed orders with Pennar Industries include Tata Steel, Ashok Leyland, Hindalco, Tata Power, and Kirloskar Toyota, among others.

Pennar Industries has been consistently delivering high-quality products and services to its clients across various sectors. The company has a strong presence in the domestic and international markets, with a diversified portfolio of products and solutions. Pennar Industries has also been investing in innovation and technology to enhance its capabilities and offerings.

Mr. Aditya Rao, Vice Chairman & Managing Director, Pennar Industries Limited said, “We are delighted to receive these orders from our esteemed customers. These orders reflect our strong domain expertise and customer-centric approach. We are confident in executing these orders successfully and delivering value to our clients.

Pennar Industries is one of the leading players in the engineering products and solutions segment in India. The company has a pan-India presence with six manufacturing plants across Hyderabad, Chennai, and Tarapur. Pennar Industries also has a subsidiary in the USA, Ascent Buildings Systems Inc., which provides pre-engineered metal building systems for various applications.

Pennar Industries has been witnessing robust growth in its order book and revenues in recent quarters. The company reported consolidated revenue of Rs 1,167 crore for the financial year 2022-23, up by 18% year-on-year. The company also secured new orders worth Rs 1,167 crore across its various business verticals in the same period.

Pennar Industries is well-positioned to capitalize on the growing opportunities in the engineering products and solutions market, both in India and abroad. The company aims to leverage its strong capabilities, diversified portfolio, and customer relationships to achieve sustainable growth and profitability in the future.

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