India: Engineering firm Pennar Industries Ltd has announced that its subsidiaries, Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro Ltd (PEL), have received US$17.5m of orders, including a gypsum storage unit for UltaTech Cement in Gujarat State.
"Pennar is pleased to announce receipt of orders worth US$17.5m from prestigious customers," said Pennar's vice chairman and managing director Aditya Rao. "All business units are focused on gaining market share and maintaining operating margins. We believe that as the macro-economic conditions improve, our positioning will ensure that we benefit in revenue and even gain market share."
