Re: {LONGTERMINVESTORS} Pennar Industries - Rs. 34 (BSE: 513228) 03/02/2012

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Rajesh Desai

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Nov 21, 2012, 1:24:18 AM11/21/12

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Pennar Industries together with its subsidiary - Pennar Engineered Building Systems (PEBS) has bagged orders worth Rs 50 crore from ABB, Volvo India, Lotus Warehousing & Solutions, ZTT, Samruddhi Industries and Brattle Foods. Among the several orders received, five orders are for its subsidiary - PEBS. The company has secured first order from ABB for the supply of Solar Mounting Structures (30MWs) for their Mahagenco Project at Dhule district, Maharashtra.

The company has secured second order from Volvo India for the company’s Global Truck Technology project for the construction of a workshop for carrying out Competency Vehicle Validation / Final Vehicle Validation, located at Hosakote, Karnataka. The project is expected to be completed by February 2013.

The company has secured third order from Lotus Warehousing & Solutions for the construction of a warehouse building. The location of the project is Bangalore, Karnataka. The building covers an area of 5,600 sqm. The project is expected to be completed by April 2013. The company has secured fourth order from ZTT India, a world leader in telecom cables manufacturing, for a factory building at Sri City, Andhra Pradesh. The building covers an area of 4,700 sqm and is expected to be completed by February 2013.

The company has secured fifth order from Samruddhi Industries for their factory building at Sangli, Maharashtra. The total area of the project is 4,600 sqm and is expected to be completed by January 2013. The company has secured final order from Brattle Foods for a fully automated temperature controlled warehouse, located at Mehsana, Gujarat, with a span of 38 meters and a clear height of 14 meters. The project is expected to be completed by end of January 2013.