Pennar Group wins orders worth Rs 571cr across various business verticals
Pennar Group, a Hyderabad-based engineering products and solutions firm, has won orders totaling INR 571 crores across its multiple business verticals.
The company’s pre-engineered building vertical won orders for construction of manufacturing plants, solar PV Modules, warehouses, structural steel, and chiller room from customers such as Amazon, Trident, Amyraah Properties, Toyo, UTCL, and others.
According to Pennar Group, the current order book position of its pre-engineered building vertical is INR 360 crores.
The company’s railways vertical has bagged orders from GE, Railtech, ICF, Texmaco, SCR, TI Metal, and others. The current order book position of this business vertical is INR 165 crores.
Pennar Group through its industrial components vertical has won orders from Emerson, Yamaha, Endurance, Ashok Leyland, Tecumseh, Wabco, and others.
The company’s enviro vertical has secured orders from the Indian Department of Atomic Energy (BARC) and others. Its current order book position is INR 59 crores.
Pennar Group’s solar vertical has won orders from Vivan Solar, Axitec Energy, MB Green Energy, Impulse Green Energy, and Heyday Ventures.
The company’s tubes and steel verticals have also registered orders, which are from its existing customers.
On the other hand, Pennar Group’s US subsidiary Pennar Global has bagged orders worth INR 223 crores.