Power and Instrumentation Gujarat Ltd receives order worth Rs. 9.50 crore

Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), One of the leading players in the electrical contracting and infrastructure development sector, PIGL has announced the receipt of a work order valued at ₹9.50 Cr (excluding GST) from Sadashiv Projects India Private Limited.

Key highlights of the order:

- Contract Value: ₹9.50 Cr (excluding GST)
- Scope: Design, Engineering, Supply and Testing for a 5.00 MWp Solar Ground Mounted project, covering material supplies and related services across multiple locations in Gujarat
- Timeline: Scheduled completion within six months

This project showcases PIGL's technical expertise and comprehensive capabilities from initial design and engineering to supply and final testing. Securing this contract strengthens the company's position as a reliable partner in delivering end-to-end solutions for India's growing clean energy infrastructure.

It also marks another step in expanding PIGL's footprint in the renewable energy space, reflecting rising opportunities in the sector. The company continues to emphasise quality execution and timely delivery as the foundation for long-term growth. With a presence across energy domains, PIGL is well positioned to capture opportunities in both conventional and renewable segments.

Commenting on the update, Mr. Padmaraj Padmnabhan Pillai, Managing Director of Power & Instrumentation (Gujarat) Limited said, "We are delighted to secure this 5.00 MWp solar order from Sadashiv Projects India Private Limited. The project aligns with our vision of contributing to India's energy transition and reinforces our commitment to developing reliable renewable infrastructure.

The six months execution timeline will allow us to showcase our expertise in handling technically demanding projects while adhering to stringent timelines and quality benchmarks. Importantly, this is our second solar project, marking a significant step forward as we diversify into the renewable energy sector.

We see immense growth opportunities in this space, and each mandate not only reinforces the confidence our clients place in us but also strengthens our long-term strategy of delivering sustainable solutions that support both business expansion and India's energy ambitions."

Shares of Power & Instrumentation (Gujarat) Limited was last trading in BSE at Rs. 155.95 as compared to the previous close of Rs. 152.90. The total number of shares traded during the day was 22644 in over 21 trades.

The stock hit an intraday high of Rs. 155.95 and intraday low of 152.00. The net turnover during the day was Rs. 3494736.00.

Source : Equity Bulls

Keywords

PowerandInstrumentationGujarat INE557Z01018 PIGL OrderWin