Moneycontrol
Mar 16, 2017 04:02 PM IST | Source: Moneycontrol.com

Pennar Industries up 4%, wins orders worth Rs 202 crore

The railway products segment of the company has received order for under frame and modular toilet from integral coach factory and order for CRF sections from BEML.

Pennar Industries up 4%, wins orders worth Rs 202 crore

Moneycontrol News

Shares of Pennar Industries gained 4.6 percent intraday Tuesday on receipt of orders worth Rs 202 crore across its business units.

The railway products segment of the company has received order for under frame and modular toilet from integral coach factory and order for CRF sections from BEML.

The company's solar products unit has got an orders for module mounting structures from Tata Power, Waaree Energies, Adani Power, Greenko among others.

Precision tubes unit received major export order for CDW Tubes from Shell & Flack (Germany), CIE Automotive (Spain). Apart from this the company has also started exporting CDW tubes to many African countries.

The industrial components unit received repeat order for customised cylinders from Bailey, USA and repeat order for rotor cups from Yamaha.

The company's steel products segment received order for sheet pile products from RKN Projects, Andhra Pradesh, orders for collecting electrodes from GE Power and Thermax. It also received orders for auto components from KM Seating, IFB Industries, LUK India and Bimetal.

The bearings segment of the company has entered into defence products and received first order from ordinance factory. Also received orders from JSW Steel in its engineering services division.

At 13:18 hrs Pennar Industries was quoting at Rs 42.15, up Rs 1.05, or 2.55 percent on the BSE.
Sections
Follow us on
Available On