Have received orders from L&T Metro Hyderabad for design, supply of packaged sewage treatmant
Pennar Enviro Limited (PEL) and Pennar Engineering Buildings Systems (PEBS), subsidiaries of Pennar Industries Limited, a Hyderabad-based company engaged in the production and marketing of specialised and engineered steel solutions, have received orders worth Rs 60 crore.
PEL, the water and environment infrastructure business of Pennar, has received orders from L&T Metro Hyderabad for design and supply of packaged sewage treatment plant (STP), an order for supply, erection and commissioning of an effluent treatment plant (ETP), besides contracts from Mumbai-based Chowgule Ports and Infrastructure Limited, Hetero Drugs and Park CETP.
“The company has a technical collaboration with Tech Universal of the UK, which has presence in Europe, the US and West Asia. Its references include water treatment plant (WTP) of 100 million litre per day (MLD), sea desalination of 80 MLD and STP of 70 MLD,” PEL president and chief executive officer Shreepad Purkar said in a release on Thursday.
The second subsidiary, PEBS, has received orders from Larson & Toubro, L&T Valves, Gland Pharma, Inspira Martifer, Sricity Projects, Premier Solar Energy and Balaji Produce Company .
Pennar Industries Limited’s scrip is currently trading at Rs 21.70 on the BSE, up 0.93 per cent, over the previous close of Rs 21.50.
source: http://www.business-standard.com / Business Standard / Home> Companies> News / by K Rajani Kanth / Hyderabad – October 31st, 2013