Rs 400 Crore Order Book: Electrical Equipment Company Bags New Order Worth Rs 1,32,74,718 from Nyati Engineering & Construction Pvt Ltd

The stock gave multibagger returns of 136 per cent from its 52-week low of Rs 69.50 per share.

Power & Instrumentation (Gujarat) Limited (PIGL), a key player in the electrical contracting and equipment sector, has secured a work order valued at Rs 1,32,74,718 (including GST) from Nyati Engineering & Construction Private Limited. This domestic contract involves the design, supply, installation, testing, and commissioning of ELV (Extra Low Voltage) raceways and cable tray work at the Udaipur Air Terminal in Rajasthan. The project is slated for completion within six months from the effective date of the award, encompassing 100 per cent of the contract's scope, further solidifying PIGL's presence in significant infrastructure projects.

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 280 crore and as of March 31, 2025, its order book stands at Rs 400 crore. The stock gave multibagger returns of 136 per cent from its 52-week low of Rs 69.50 per share.

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