Power & Instrumentation (Gujarat) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PIGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 5.8 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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Power & Instrumentation (Gujarat) Limited has received a work order valued at Rs. 6,25,40,000 (approximately Rs. 6.25 Crores including GST) from Nyati Engineering & Construction Private Limited. The scope involves design, supply, installation, testing, commissioning, and handover of the power supply system for electrical work at Udaipur Air Terminal in Rajasthan. The project must be completed within 6 months from the effective date. The order is awarded by a domestic private entity, is not a related party transaction, and the promoters have no interest in the awarding company.
This is a modest new order that adds to the company's order book, though its significance relative to overall revenue is not disclosed. It demonstrates continued business activity in airport electrical infrastructure projects, which is a positive indicator of operational momentum, but is unlikely to materially move the stock on its own.