The Penusila Lakshmi Narasimha Swamy Temple is situated at the foot of a hill in the Penchalakona Valley. There is an image of the Lord, represented as a self-manifested one (Swayambhu). Two stones are entwined to form a lion's head upon a man's body.[1] The "Sthalapurana", or ancient story, of the temple indicates that it was a famed for the swami "Thapovan of Kanvamaharshi" who performed penance there.[1]
There is an annual festival[2] at the temple, which is a major event in Penchalakona, celebrated during Vaisakha, the period of time in the Hindu solar calendar that begins in mid-April in Bengal, Nepal, and Punjab. It starts on the day of Suddha Dwadasi and lasts until Bahula Padyami, a total of five days. Devotees congregate for Narasimhaswamy Jayanthi to celebrate the occasion.[3]