Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated August 28, 2025, titled "Press Release- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015".
PIGL · price
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Awaiting price reaction for this filing.
Power & Instrumentation (Gujarat) Limited (PIGL) has secured a work order worth ₹9.50 crore (excluding GST) from Sadashiv Projects India Private Limited. The contract involves design, engineering, supply, testing, and commissioning for a 5.00 MWp solar ground-mounted project across multiple locations in Gujarat, with completion targeted within six months. Management noted this is the company's second solar project, marking its diversification into the renewable energy space. For context, PIGL reported FY25 standalone total income of ₹171.28 crore, making this order roughly 5.5% of annual revenue.
A positive but moderate development — the order strengthens PIGL's growing presence in the solar/renewable energy segment and adds meaningful revenue visibility, though at ~5.5% of FY25 income it is not transformational on its own. Watch for further solar orders to gauge if renewable energy becomes a sustained growth driver for the stock.