Pennar Engineered gains 12%, bags orders worth Rs 152 crore

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Shares of Pennar Engineered Building Systems rose nearly 12 percent intraday Thursday on orders win worth Rs 152 crore.

Pennar Engineered Building Systems, a subsidiary of Pennar Industries, has announced receipt of orders from Hetero Drugs, Amplus Energy Solution, MELPL, S G Pharma, Shahi Exports and others of totalling Rs 152 crore.

The orders includes, order from Hetero Drugs for its Laboratory Building at Medak, Telangana and order from Solar Developer for its solar MMS project at Banda, UP.

It has also received order from Amplus Energy Solutions for its solar MMS project at Chitradurga, Karnataka and order from Tata Projects for its railway project in Bihar.

At 14:52 hrs Pennar Engineered Building Systems was quoting at Rs 127, up Rs 7.35, or 6.14 percent on the BSE.

Posted by Rakesh Patil