Power & Instrumentation (Gujarat) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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PIGL · price

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₹161.44

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Nifty Microcap 250market · in no size index; the smallest one is used+1.5%+0.5% vs market

Other Electrical Equipment peers, median of 37sector+0.8%+1.2% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Power & Instrumentation (Gujarat) Limited has received a work order valued at Rs. 21,40,86,042 (approximately Rs. 21.41 Crores, including GST) from Nyati Engineering & Construction Private Limited. The scope involves design, supply, installation, testing, commissioning, and handing over of the power supply electrical system at Udaipur Air Terminal in Rajasthan. The project must be completed within 6 months from the effective date. The order is domestic in nature, and the company confirmed there is no related party interest from promoters or group companies in the awarding entity.

Likely market impact

The order adds to PIGL's order book and should support revenue over the next two quarters given the 6-month execution window. Since the contract is awarded by a private construction firm (Nyati) rather than directly by a government body, the end-client linkage to the airport project is indirect. Investors should track further order inflows and execution progress to assess cumulative impact.