Pennar Industries Ltd. (PIL) stated in a stock filing dated 13th October 2022 that it has secured orders cumulatively worth Rs. 1,167 crore across its various businesses.
These orders have been received in September 2022, and the company expects to fulfil them in the next two quarters.
Pennar’s Solar EPC business has secured an order from NTPC Renewable Energy Ltd. (NTPC REL) for its upcoming 500 MW solar project at Bhadla, Rajasthan. The scope of this project involves the design, EPC services, testing and commissioning of the project. Pennar Industries will also be providing 3 years of Operations and Maintenance (O&M) services for this project once it is commissioned. This project has a completion period of 12.5 months.