Pennar Industries posts ₹33-cr Q4 net
June 04, 2021
Ascent to invest $4.3 m for setting up PEB plant in US Pennar Industries Limited posted a profit of ₹33.32 crore for the fourth quarter ended March 31, against a profit of ₹1.03 crore in the corresponding quarter of last year on a consolidated basis.
The company’s revenue was up 23.35 per cent at ₹556.79 crore (₹451.39 crore).
However, the company profit and revenue for FY21 were lower due to Covid-driven disruption.
Pennar closed FY21 with a steep drop in profit at ₹2.27 crore and revenue of ₹1,525.35 crore against a profit of ₹53.33 crore and revenue of ₹2,106.55 crore in FY20.
The company sold a freehold land situated at Bandalguda in Hyderabad and the resultant profit of ₹19.96 crore has been disclosed as an exceptional item for the quarter and year ended March 31.
Of Note: 19 May 2021 nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.
Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Ascent Buildings, LLC officials announced Monday that the company will establish new operations in Sumner County.
According to a press release, Ascent Buildings will invest more than $10 million and create more than 120 jobs over the next two years.
Founded in 2020, Ascent Buildings is a full service, pre-engineered steel building manufacturer with headquarters and manufacturing operations in Portland. The company specializes in manufacturing structural systems, roof systems, wall panels and additional architectural and commercial grade products.
âAfter many months of planning and preparation, we are excited to start producing steel buildings at our Portland, Tennessee facility,â said Ascent Buildings President Kimball Wells in the release. âWe are proud to revitalize a long-standing plant in the Portland area and offer new and exciting job opportunities within this outstandin
Ascent Buildings, LLC, to invest more than $10M, create 120 new jobs in Portland
Ascent Buildings, LLC has announced plans to establish headquarters and manufacturing operations in Sumner County.
Founded just last year, the steel building manufacturer is expecting to spend more than $10 million in Portland and create 120 new jobs over the next two years.
The company specializes in manufacturing structural and roof systems, wall panels and additional architectural and commercial grade products, officials said.
“Tennessee’s thriving advanced manufacturing sector is fueled by companies like Ascent Buildings, and we are proud that this newly-formed company is establishing operations in our state,” Tennessee Gov. Bill Lee said in a release Monday.
Steel building company Ascent Builders reveals Portland TN HQ, holding hiring fair in June bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.