Pennar Industries shares surged on February 20, succeeding the proclamation that the company had attained multiple orders collecting Rs 851 crore.

At 10:02 am, Pennar Industries swapped at Rs 78.40, up 6.67% on the National Stock Exchange (NSE). The stock also verified a 52-week high of Rs 78.70 on the day.

The orders were safeguarded across numerous verticals, counting Ascent Buildings (USA), pre-engineered buildings, industrial machinery, railways, tubes, and steel. Ascent Buildings, USA, is a step-down subordinate of Pennar Industries.

Among its key customers were big names like TVS ILP, Reliance, Yamaha, Emerson, Ashok Leyland, Hindalco, Tata Power, Saint Gobain Kirloskar Toyota, Mahindra Defence Systems, and Texmaco.

This is because of the company’s full presentation this financial year, with proceeds from projects in the pre-engineered buildings and industrial components verticals countersigning robust development.

Pennar Industries also aims to scale up returns from the subdivisions of steel and railways in the approaching quarters.

In the third quarter, the company’s combined net profit stood at Rs 21.12 crore, up practically two-fold from the previous year, with a topline of Rs 692.22 crore that rose by 29.88% year-on-year (YoY).

The stellar show on the profit opposite was thanks to enhanced operational presentation and strong proceeds. With these newest instructions, Pennar Industries is on the pathway to upholding its momentum and enduring its upward course.