Other, solar

Pennar Industries bags orders for solar projects from L&T, ABB and Lanco

According to reports, Pennar Industries Limited, a Hyderabad-based company engaged in the production and marketing of specialised and engineered steel solutions, has bagged orders aggregating Rs 40 crore.

The orders were awarded by Larsen and Toubro Limited for steel mounting structures for its solar projects, ABB Limited and Lanco Infratech Limited for their solar power systems, and by Ramky Infrastructure Limited for installing and road safety system for a 40-kilometre highway stretch that Ramky is developing.

These orders indicate our technological capabilities and strong customer relationships. The recent reforms announced by the central government are expected to provide impetus to the growth of the industrial sector in India,” Pennar Industries chief executive, Suhas Baxi, said in a filing to the BSE on Tuesday.

Pennar Industries’ scrip is currently trading at Rs 26.55 on the BSE, up 0.76%, over the previous close of Rs 26.35 a share.

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