Pennar Industries announced that it is doubling its Cold Drawn Welded (CDW) tubes manufacturing capacity. Pennar Industries is one of the leading suppliers of CDW tubes to India's automotive and construction equipment sectors.

Pennar Industries will set up a greenfield plant at Hyderabad for the additional CDW manufacturingcapacity. Currently, Pennar Industries has an installed capacity to manufacture 1500 MT per month ofCDW tubes. The new facility will produce CDW tubes of up to 150 mm diameter and the thickness of10 mm. The company will incur a capex of Rs 65 crore to take its CDW capacity to 3000 MT permonth. The new facility is expected to be operational in June 2020.

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Pennar Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2019.

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Pennar Industries announced that it has bagged orders worth Rs 538 crore during the months of June and July 2019.

The Railways business vertical received orders aggregating Rs 66 crore from customers such asIntegrated Coach Factory, Rail Coach Factory, Universal Engineering, Konkan Railways, BEML andothers.

The Pre-engineered building division received significant orders aggregating Rs 211 crore comprisingfactory buildings, warehouses and solar. These orders were received from new and repeat customerssuch as Tata Steel, Wipro, Bharti Infra, Mylan Laboratories, Asian Fabtech, Whitehouse India, SPMLInfra, Natco, MRF and Cyient. The order book position for Pre-engineered buildings division as on30 June 2019 was Rs 554 crore.

The Tubes division received orders worth Rs 77 crore from ALF Engineering, MG Automotives,Maruthi Auto and Patton International among others;

The Industrial Components division received orders worth Rs 37 crore from Emerson, Endurance,Tecumseh, Yamaha, Wabco, Firestone and others.

The Environmental and Water Treatment division received order aggregating Rs 26 crore from GMRand JSW for water treatment and effluent treatment plants. The order book for this division as on30 June 2019 stands at Rs 86 crore.

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Net profit of Pennar Industries rose 15.43% to Rs 16.61 crore in the quarter ended June 2019 as against Rs 14.39 crore during the previous quarter ended June 2018. Sales rose 16.35% to Rs 537.83 crore in the quarter ended June 2019 as against Rs 462.24 crore during the previous quarter ended June 2018.

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