Rs 199.02 Crore Order Book: Electrical Equipment Company Bags Order Worth Rs 24,77,19,489 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), a key player in the electrical contracting and equipment industry, has secured a significant repeat work order valued at Rs 24,77,19,489 (including GST) from Nyati Engineering & Construction Private Limited. This contract involves the design, supply, installation, testing, commissioning, and client handover of a comprehensive power supply system at the Udaipur Air Terminal, Rajasthan. The repeat nature of this domestic order, following a previous one from the same client on May 5, 2025, underscores Nyati Engineering & Construction's continued trust in PIGL's expertise and consistent performance in complex, large-scale electrical infrastructure projects.

PIGL is tasked with completing the entire project within a six-month timeframe from the effective date of the award. The comprehensive scope, covering end-to-end execution from design to client handover, highlights PIGL's integrated service delivery capabilities. This project further expands the company's footprint in the airport infrastructure space, demonstrating its growing competence in delivering technically demanding and time-sensitive projects under stringent operational and regulatory frameworks.

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 over Rs 250 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.