Pennar bags order from NTPC Renewable Energy

Hyderabad: City-based Pennar Industries Ltd has bagged an order from NTPC Renewable Energy Ltd (NTPC REL) for its proposed 500MW AC / 625 MW DC Solar PV project at Bhadla, Rajasthan.

The company emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and the scope of the project include design, engineering, supply, construction, erection, testing and commissioning along with a three-year operation and maintenance contract. The completion time of the project is 12.5 months.

Sunil Kuram, vice-president (corporate strategy), Pennar Industries Ltd, said: "We are excited about this win and it demonstrates our commitment to maximise our contribution in India's renewable journey".

It is our vision to be an ecosystem player and is our strategy to grow as an integrated company with dominant presence in solar EPC, manufacturing and adoption of world class technologies. It's is our privilege to work with NTPC fulfilling our country's grand vision about solar energy, he added.

Pennar Group, with presence across multiple locations, is a leading value-added engineering products and solutions company. The products span across multipleverticals such as infrastructure, automobiles, railways, pre-engineered buildings, tubes &steel and Solar EPC. PIL has bagged total orders worth Rs1,167 crores across all its business verticalsfrom reputed clientele such as Reliance, TCI Limited, Thermax, TATA & NTPC, etc.