The orders were secured across various verticals, including Ascent Buildings (USA) (a step-down subsidiary of Pennar Industries), PEB (pre-engineered buildings), ICD (industrial components distribution), railways, tubes and steel.
These orders are expected to be executed within the next two quarters, the company said in a statement.
Pennar Industries is engaged in the production and marketing of specialized and engineered metal products. The company is a leading manufacturer of profiles and components in various grades of steel and stainless steel. It caters to the auto, white goods, railways and infrastructure sectors.
On a consolidated basis, net profit of Pennar Industries rose 99.16% to Rs 21.33 crore on 29.88% increase in net sales to Rs 692.22 crore in Q3 December 2022 over Q3 December 2021.