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Pennar Inds bags order worth Rs25 cr; stk gains-news03022012


Pennar Industries' shares rose nearly 5%, touching the weekly high of Rs33.40, after the company said its subsidiary -- PEBS Pennar has secured orders worth Rs25 crore from Schindler India and Kallam Spinning Mills

PEBS Pennar is a leading player in the pre-engineered steel buildings sector. The company is involved in the design, manufacture, supply and installation of pre engineered steel buildings.

On a consolidated basis, Pennar Industries' net profit fell 31.5% to Rs13.47 crore on 10.5% decline in net sales to Rs289.03 crore in Q3 December 2011 over Q3 December 2010.
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