The company received an order worth Rs 102 crore in November and has a major structural steel order from Kannur International Airport, Kerala. The overall order book of Pennar Industries stands at Rs 460 crore currently.
In an interview to CNBC-TV18, Nirupender Rao, chairman of Pennar Industries says, the company expects Rs 1,500 revenue on a consolidated basis in FY12.
Nirupender Rao, chairman of Pennar Industries Limited which sources steel from JSW talks to CNBC-TV18 of the difficulties and the way ahead for the company.
Pennar Industries Q4 FY11 consolidated revenue was up 33% at Rs 342.2 crore versus Rs 258 crore, YoY. In an interview with CNBC-TV18, Nirupender Rao, Chairman, Pennar Industries says, the company is planning for the next three years to grow at the rate of 25% every year.