Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated May 01, 2025, titled "Press Release for 50 Years of Powering Progress & Energizing India s Tomorrow".
PIGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power & Instrumentation (Gujarat) Limited (PIGL) has issued a press release celebrating its Golden Jubilee, marking 50 years since its founding in 1975 by Mr. Padmanabhan Pillai. The company, which started as a small electrical contracting outfit, has grown into a full-scale EPC services provider with over 300 completed projects, 250+ professionals, and more than ₹2,000 Crore in executed project value. Key milestones include its first major order from the Airport Authority of India (1988), commissioning MTNL's largest distribution substation (1994), launching its manufacturing arm Peaton Electricals (2007), listing on NSE Emerge (2018), and migrating to NSE and BSE main boards in May 2023. For FY24, the company reported Total Income of ₹102.03 Cr, EBITDA of ₹12.36 Cr, and Net Profit of ₹5.93 Cr. The release also highlights its first 400 kV Extra High Voltage (EHV) transmission order in 2025, signaling expansion into high-voltage infrastructure.
This is a milestone/brand-building announcement rather than a material corporate action, so it is unlikely to have a direct impact on stock price. However, it reinforces the company's long track record and signals ambition in the high-voltage EHV segment, which could be viewed positively by long-term investors.