Pennar Industries and its subsidiaries Pennar Engineered Building Systems (PEBS Pennar) and Pennar Enviro have announced receipt of orders worth Rs 1.5 billion.

The companies received orders from Phoenix, Ultratech Cement, IOT Anwesha Engineering & Construction, JSW Cement, Dhunseri Petrochem, United Spirits, Azure Power, Mahindra EPC, Sterling Wilson, L&T GeoStructure, Integral Coach Factory, Texmaco, Besco among others.

Aditya Rao, vice chairman and managing director, Pennar Industries, said, ''We have started realising the benefits of the turnaround in the Indian Economy. Our order book across all the divisions is increasing. We have received our first major residential high rise building order in PEBS. Our orders from Solar projects and Railways have also trended up. We look forward to a strong close to the financial year ending March 2015.''

Shares of the company gained Rs 0.85, or 1.59%, to trade at Rs 54.20. The total volume of shares traded was 368,161 at the BSE (1.59 p.m., Wednesday).