Pennar Industries bags orders worth ₹550 crore

Our Bureau Hyderabad | Updated on March 09, 2020 Published on March 09, 2020

Pennar Industries Limited, the Hyderabad-based engineering products and solutions company, has bagged orders worth ₹550 crore across its business verticals during February.

The Pre-Engineered Buildings division received orders for manufacturing plants, airport terminal, solar mounting structures and warehouses including from MRF, Mega Wide–GMR Goa Airport, Azure Power, Saffron Grid, TVS ILP and Indus Project.

While the Railways division received orders from customers such as SAIL Rites, Integrated Coach Factory and Universal Engineering, the Steel division received orders from Adani, L&T, Tata Nuevosol Energy, L.G.Balakrishnan, Steel Mart, Schaeffler and JM Frictech.

The Tubes division and the Industrial Component division too added to to the order book.

The current order book position for Pre-Engineered Buildings division stood at ₹455 crore, the Railways division ₹290 crore and Water Treatment Solutions ₹78 crore.

K M Sunil, Vice-President – Corporate Strategy said, “All the verticals received good orders during February, which augurs well for the future.”

Published on March 09, 2020

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.