Pennar Industries Secures Orders worth Rs. 1,167 Crore
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.
These orders span diverse businesses, including Solar EPC, Pre-Engineered Buildings, Railways, Tubes, Steel, etc.
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.
Other than NTPC, the other orders that Pennar Industries has secured are from clients like Reliance Industries Ltd., Yamaha, IFB, Integral Coach Factory, Toyota Kirloskar, and Saint Gobain.