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 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.
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.