Announced Tue, 23 Jun · 16:36 IST

Additional Rs 3.72 cr order from Ajmer Vidyut Vitran Nigam under RDSS scheme

Govt Defence OrderBusiness Updates View source PDF

PIGL · price

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Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹116.50
prior close
₹116.78
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-1.5-1.0-3.3-3.6-2.5-3.5-2.5-2.4-3.3-8.3
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AI summary

Power & Instrumentation (Gujarat) received an additional work order worth Rs 3.72 crores (including taxes) from Ajmer Vidyut Vitran Nigam Limited, a Rajasthan state discom. This takes the total aggregated value to Rs 38.28 crores under the same contract. The order covers supply, erection, installation, testing and commissioning of material and equipment for segregating 11 KV mixed feeders at Salumbar Circle of Ajmer Discom in Rajasthan, under the central government RDSS scheme on a turnkey basis. Execution timeline is 15 months. No promoter or related party interest is involved.

Likely market impact

Strengthens order book from a government-backed discom project, supporting revenue visibility over the next 15 months.