Rs 199.02 Crore Order Book: Electrical Equipment Company Receives Work Order Worth Rs 80.24 Lakh From Godrej & Boyce Mfg Co. Ltd

The stock gave multibagger returns of over 130 per cent from its 52-week low of Rs 61.32 per share.

Power & Instrumentation (Gujarat) Limited (PIGL), a prominent name in the electrical contracting and equipment sector, has announced its foray into the Extra High Voltage (EHV) segment with a significant work order valued at Rs 80.24 lakh. Secured from Godrej & Boyce Mfg Co. Ltd, the project entails the erection of 350 MVA power transformers, including oil filtration, pre-erection testing, and oil sample testing at the 400kV GIS PSS-2 GIPCL, Khavda Project. This achievement marks a pivotal moment for PIGL, signifying its strategic expansion and heightened capabilities within India's dynamic power infrastructure landscape.

Previously focused on projects up to 66 kV, this new assignment propels PIGL into the 400 kV range, demonstrating its readiness to undertake more complex and large-scale endeavors. This development not only strengthens PIGL's project portfolio but also establishes its position among a select group of companies possessing proven expertise in the critical EHV domain. This capability is particularly significant in the context of India's ambitious renewable energy and transmission expansion objectives, positioning PIGL to play a more substantial role in shaping the nation's power future.

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 130 per cent from its 52-week low of Rs 61.32 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.