Rs 199.02 Crore Order Book: Electrical Equipment Company Secures Rs 21.41 Crore EPC Contract from Nyati Engineering & Construction Pvt Ltd
The stock gave multibagger returns of over 140 per cent from its 52-week low of Rs 67.26 per share.
Power & Instrumentation (Gujarat) Limited (PIGL), one of the leading players in the electrical contracting and equipment industry, has received a work order from Nyati Engineering & Construction Private Limited worth Rs 21.41 crore for the design, supply, installation, testing, commissioning and client handover of the power supply system electrical work at Udaipur Air Terminal in Rajasthan.
The order, valued at Rs 21.41 crore, covers the detailed engineering and design of the power supply system, the provision of all necessary electrical equipment, the complete installation and integration process, rigorous testing and commissioning to ensure compliance with aviation standards, and the final handover to the client with full operational readiness. The project is scheduled for completion within six months from the date of award of the contract.
This award represents yet another milestone in Power & Instrumentation (Gujarat) Limited’s ongoing commitment to delivering turnkey EPC solutions for airport facilities. It reinforces PIGL’s proven track record in providing mission-critical power infrastructure to aviation clients, demonstrating the company’s ability to meet the most stringent reliability and safety requirements. With this order, PIGL has once again underlined its position as the preferred EPC partner for both greenfield and brownfield airport projects across India.
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About the Company
Founded in 1975, Power & Instrumentation (Gujarat) Ltd. (PIGL) has grown into a leading electrical contracting company offering comprehensive Engineering, Procurement, and Construction (EPC) solutions and post-installation maintenance across the power transmission and distribution sectors. Their extensive expertise encompasses the design, supply, installation, and maintenance of energy-efficient power systems, including substations, transformers, generators, power distribution panels, lighting solutions, and backup power systems, serving diverse industrial, commercial, and governmental clients with a strong track record that includes over 35 airport projects and the electrification of over 100,000 BPL households, culminating in their successful migration to the main boards of the NSE and BSE in May 2023.
The company has a market cap of Rs 224 crore and as of December 31, 2024, its order book stands at Rs 199.02 crore. The stock gave multibagger returns of over 140 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.