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Pennar Engineered Building Systems - (Amalgamated)

Pennar Engineered Building Systems - (Amalgamated)

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Highlights

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

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Shareholders more than 1%

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Overview

The company was incorporated under the Companies Act, 1956 as “Pennar Engineered Building Systems Limited”, a public limited company pursuant to a certificate of incorporation dated January 17, 2008 and received a certificate of commencement of business on February 19, 2008. Since the commencement of its business activities in January 2010, the company has completed design, manufacturing, supply and assembly of various pre-engineered buildings in various sectors including warehousing, retail and manufacturing; design, supply and erection of solar module mounting structures for generation of solar power; design, manufacturing, supply and erection of structural steel buildings and cold form buildings. In addition to providing design and engineering services for the projects which are designed, manufactured and supplied by it, the company has also provided design and engineering services for projects being executed by others.

The company’s core product, i.e. pre-engineered buildings, are steel buildings which are custom designed and fabricated to every customer‘s requirements in accordance with the applicable standards. The fabrication of pre-engineered building components is carried out in its manufacturing facility under strict quality control at every level of production and as per detailed designs created by it and approved by its customers. Pre-engineered buildings offer enhanced speed in delivery and erection, flexibility in expansion and are capable of withstanding weather pattern changes. In addition to its core manufacturing activities for pre-engineered building systems, its operations also include design, supply and erection of solar module mounting structures for solar energy parks; design, manufacturing, supply and assembly of commercial buildings such as high-rise buildings, multi-level car-parks, low cost housing and other structural steel products; and cold form structures like schools, low cost housing. It also provides design and engineering services to its customers using advanced software platforms.

The company has a non-exclusive technical know-how licensing arrangement with NCI Group, Inc., an established player in the United States’ metals buildings market, for supply of standing seam roofing panel system in India under the brand name Double Lok. The company is one of the few companies that offer leak-proof roofing systems in India. It has also entered into a design services out-sourcing agreement with a U.S. based entity engaged in a business similar to it, pursuant to which it offers its design and engineering services to them by using their software for manufacturing of pre-engineered buildings by them for their overseas customers.

The company’s manufacturing facility, which is spread over an area of 35 acres and 271/2 guntas is located at Ankenpally Village, Sadashivpet in the State of Telangana on the Hyderabad-Mumbai National Highway (NH-9). It is equipped with high-precision machines to fabricate and supply quality-replete steel buildings and has a production capacity of 90,000 MT per annum of fabricated structural metal products a year. The company’s manufacturing facility also houses a testing lab for quality checks of its products at various stages of manufacturing. The company’s manufacturing facility has received a Gold Rating from the Indian Green Building Council for its practices in green building technology which includes incorporation of solar PV system, sewage treatment plant, energy efficient designs for the building, and drought tolerant species for landscaping among others. The company’s manufacturing facility is also ISO 9001:2008 (Design, manufacture, supply and erection of pre-engineered building systems) certified.

The company has a strong customer profile and caters to some of the leading manufacturing companies in India. Some of its major customers include Ultratech Cement, India Cements, Volvo India, Larsen & Toubro (CMB Division), Calderys India Refactories, Maha Logistics, Etco Denim, Shyam Indofab, Rudrapratap Indian Logistics, Indian Corporation and Azure Power.

Business area of the company

It is one of the leading custom designed building systems solutions providers in India. Its capabilities include designing, manufacturing, supply and assembly of custom designed building systems. The company’s products and services include pre-engineered buildings, design and engineering services, solar module mounting structures, cold form buildings and structural steel products which are widely used for various manufacturing, warehousing, industrial, infrastructure and custom designed commercial buildings.

Awards

  • 2013: Infrastructure company of the year - Construction Week India Awards, 2013 (Runner up).
  • 2013: PEB Contractor of the year - Construction Week India Awards, 2013.
  • 2013: Scroll of Honour for overall business excellence and industry practices - IEI Industry Excellence Awards, 2013.
  • 2014: Excellence in corporate governance - Business Today - Emerging Companies Excellence Awards.
  • 2014: Certificate of commendation for a cold storage shed at Kotputli, Rajasthan- INSDAG National Award for Professionals on Structural Steel Design and Construction: 2012-13.
  • 2014: IEI Industry Excellence Award 2014.
  • 2015: Business Leader 2015 Award for excellence in infrastructure sector - TV 5 News.
  • 2015: Best pre-engineered building for Ultratech Cement Factory, Kotputli, Rajasthan - CIDC Vishwakarma Award.
  • 2015: Commemorative medal for best professionally managed company (turnover Rs 100-500 crore) - CIDC Vishwakarma Awards.
  • 2015: Manufacturing Company of the Year 2015 - VC Circle Awards.

Key events, milestones and achievements

  • 2008: Incorporation and commencement of business of the company
  • 2009: Entered into Double Lok technical know-how agreement with NCI Group, Inc
  • 2010: Commenced commercial production of the company with a capacity of 30,000 MT
  • 2010: Received -Gold Rating from the Indian Green Building Council for achieving the green building standards as per IGBC Green Factory Building Rating Technology
  • 2011: Manufacturing capacity expanded from 30,000 MT to 60,000 MT
  • 2013: Investment by Zephyr Peacock India Fund III Limited and Zephyr Peacock India III Fund in the form of subscription and purchase of equity and CCPS
  • 2013: Manufacturing capacity expanded from 60,000 MT to 90,000MT
  • 2013: Entered into an agreement for commencement of engineering services
  • 2014: Commissioning of 0.5 MW solar power generation facility at Sadashivpet
Brands Of Pennar Engineered Building Systems - (Amalgamated)

Brands Of Pennar Engineered Building Systems - (Amalgamated)

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