Rs 400 Crore Order Book: Electrical Equipment Stock Hit Upper Circuit After Securing Third Consecutive Contract for Udaipur Air Terminal Project
The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 67.26 per share.
On Thursday, the shares of the company hit a 5 per cent upper circuit to Rs 174.25 per share from its previous closing of Rs 166 per share. The stock’s 52-week high is Rs 416.40 and its 52-week low is Rs 67.60.
Power & Instrumentation (Gujarat) Limited (PIGL), a prominent name in the electrical contracting and equipment industry, has secured its third significant work order for the Udaipur Air Terminal project in Rajasthan. This latest contract, valued at Rs 6.25 crore, was awarded by Nyati Engineering & Construction Private Limited and focuses on the power supply system electrical work for the terminal. PIGL's responsibilities encompass the complete design, supply, installation, testing, commissioning, and client handover of the system. The project is slated for completion within six months from the effective date.
This recent win brings PIGL's total cumulative work orders for the Udaipur Air Terminal project to a substantial Rs 52.43 crore. This figure includes two prior contracts from the same client, valued at Rs 21.41 crore (awarded May 5, 2025) and Rs 24.77 crore (awarded May 21, 2025). The succession of these high-value contracts highlights PIGL's robust execution capabilities and solidifies its expanding footprint within the airport infrastructure sector. The company's continued success in securing these technically complex and time-sensitive projects underscores its commitment to meeting stringent regulatory and operational standards.
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About the Company
Founded in 1975, Power & Instrumentation (Gujarat) Limited (PIGL) is a leading electrical contracting company that provides comprehensive Engineering, Procurement, and Construction (EPC) solutions and post-installation maintenance services. PIGL's expertise covers the design, supply, installation, and maintenance of energy-efficient power systems, with a proven track record of over 35 airport projects, electrification of more than 100,000 BPL households, and laying over 20,000 km of HT & LT lines. The company's diverse service portfolio includes substations, power backup systems, lighting solutions, and various other electrical and ELV works, serving industrial, commercial, and governmental clients with a commitment to quality and timely project delivery.
For FY25, the company has reported standalone total income of Rs 171.28 crore, EBITDA of Rs 19.59 crore and net profit of Rs 11.75 crore. The company has a market cap of over Rs 300 crore and as of March 31, 2025, its order book stands at Rs 400 crore. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 67.26 per share.
Disclaimer: The article is for informational purposes only and not investment advice.