Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated August 12, 2025, titled "Press Release- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015".
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 won a work order worth ₹70.55 Cr (including GST) from Ajmer Vidyut Vitran Nigam Limited, a Rajasthan government power distribution company. The contract involves supply, installation, testing and commissioning of distribution infrastructure to electrify un-electrified households and public institutions across 9 circles in tribal areas of Rajasthan under the central government's Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DA-JGUA) scheme, part of the RDSS programme. The project is on a turnkey basis with a 12-month timeline. For context, PIGL's FY25 standalone total income was ₹171.28 Cr, making this single order roughly 41% of its annual revenue.
This is a sizeable, government-backed order that meaningfully boosts PIGL's order book and provides strong revenue visibility for the coming year. The government counterparty and central scheme backing reduce execution risk, while the size relative to existing revenue should be viewed as a positive catalyst for the stock.