Engineering solutions firm Pennar Industries wins contracts worth Rs 255 cr

It received orders from Adani Power, Larsen & Toubro, Sterling & Wilson, Azure, Renew

Specialised engineering steel solutions provider Pennar Industries said on Tuesday it has won contracts worth Rs 255 crore across its business units.

The orders include module mounting structures from Adani Power, Larsen & Toubro, Sterling & Wilson, Azure, Renew, Amplus and Asian Fabtech among others, Pennar Industries said in a statement.

The company said its systems & projects unit has received "order for under frames from Integral Coach Factory and Modern Coach Factory".

Pennar Engineered Building Systems received order from a cement company for its building at Dolvi besides contract from a paint company for its factory at Bellary.

The other orders are from IKEA for its distribution centre at Hyderabad, Azure Power for its module structures at Kalwakurthy, Toyo engineering for fertilisers unit at Kota and Berger Paints for a warehouse near Kolkata.

It also bagged Water Treatment Filters order from Doosan Hydro (USA) besides order for sewage treatment plant and water treatment plant from Ambience Infra.

The company also received repeat order for Hydraulic cylinders from BEML; for customised cylinders from Bailey, USA Steel Products; for Collecting Electrodes from Hamon, GE Power; for Special grade steel from IFB Industries, KM Seat, JM Frictech Luk India and for Cold Rolled Close Annealed from Bimetal Bearings, IFB Industries, Luk India.