Pennar Industries and its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro (PEL) have announced receipt of orders worth Rs 1.32 billion.

The companies received orders from MRF, UltraTech Cement, Deify Infrastructure, Carldreys India, Lanco Infratech, JSW Bellary among others.

Commenting on the development vice chairman and MD, Aditya Rao said, ''Pennar is pleased to announce receipt of orders worth over Rs. 1.30 billion from our customers. We have seen growth in order book of all our business units. Our priorities for the current fiscal are to further scale the growth , enter new geographies , product and service verticals''.

P V Rao, MD, PEBS Pennar added that ''Big orders from large companies like MRF, Ultratech and others shows customer's confidence on PEBS Pennar as a leading PEB company in India. We are able to achieve this on basis of our strong technological and project management capabilities. We are confident of achieving higher turnover in the current financial year.''

Purkar, CEO & president, Pennar Enviro, said ''Pennar Enviro continues to exhibit strong order book growth and has commissioned several marquee projects for desalination , ETP and other industrial water and waste water treatment. We are confident of achieving strong growth in this fiscal.''

Shares of the company gained Rs 2.35, or 4.61%, to trade at Rs 53.30. The total volume of shares traded was 2,533,260 at the BSE (3.26 p.m., Monday).