Power & Instrumentation (Gujarat) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PIGL · price
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Awaiting price reaction for this filing.
Power & Instrumentation (Gujarat) Limited (PIGL) has received a work order valued at Rs. 24,77,19,489 (including GST), roughly Rs. 24.77 crores. The order is from Nyati Engineering & Construction Private Limited and involves design, supply, installation, testing, commissioning, and handover of the power supply and electrical system at the Udaipur Air Terminal in Rajasthan. The project must be completed within 6 months from the award date. The order is a domestic, arm's-length contract with no related party interest or promoter group connection to the awarding entity.
This is a meaningful new order for PIGL and represents a sizeable addition to its order book, likely supporting near-term revenue visibility. Investors may view it positively given the airport infrastructure nature of the project, though execution within the tight 6-month timeline will be a key thing to watch.