Pennar Industries and its subsidiary Pennar Engineered Building Systems (PEBS Pennar) announced that the company has bagged orders worth Rs 1.02 billion. The companies received orders from Kannur International Airport, L&T, Holtech Asia, Rane, Renaissance Infrastructure, Azure Power, Xylem France, Integral Coach Factory among others. 

Aditya Rao, vice chairman and managing director, Pennar Industries, said, ''We are pleased to announce receipt of orders worth Rs 1.02 billion. As the macro economic conditions are slowly improving we are able to book more orders. All our business units have recorded higher order inflow. We are expecting to further improve our order book in next few months."

Shares of the company gained Rs 1.7, or 3.16%, to settle at Rs 55.50. The total volume of shares traded was 230,328 at the BSE (Tuesday).