Pennar Industries, India`s leading industrial companies engaged in the production and marketing of specialized and engineered metal products, and pre-engineered buildings, announced that the company has bagged orders worth Rs 700 million for the supply of wagon components and structurals for solar power plants.
The company has bagged order from Texmaco for the supply of railway wagon components. On the other hand, it has bagged orders from customers including L&T, Mahindra EPC Services, Lanco, Azure Power and Moserbaer for the supply of structures to 77 MW solar power projects.
Ananth Reddy, managing director of Pennar Industries said, “Pennar is pleased to announce receipt of orders worth Rs 700 million from prestigious customers in the railways and solar power sectors. The recent order wins reiterate our strong customer relationships and technological capabilities. We are hopeful that the recent bold reforms by the Government will provide an impetus to the growth of the infrastructure, power and railways sectors which will further improve our sales in the current fiscal.“