Pennar firms bag Rs.150-cr. order

Pennar Industries Ltd and its subsidiaries, Pennar Engineered Building Systems and Pennar Enviro, have received orders worth Rs.150 crore, including one for a residential high rise building in Hyderabad.

In a release on Wednesday, vice chairman and managing director of Pennar Industries Aditya Rao said that the order book across all the divisions is increasing. Stating that the company had started realising benefits of the turnaround in the economy, he detailed about orders from solar projects and railways.

The order for the high-rise residential building in Hyderabad is from Phoenix. Pennar has also bagged coach sub components work from the Integral Coach Factory.