Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated May 21, 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 repeat work order worth ₹24.77 crore (including GST) from Nyati Engineering & Construction Private Limited for end-to-end electrical work at the Udaipur Air Terminal in Rajasthan. The scope covers design, supply, installation, testing, commissioning, and client handover of the power supply system, to be completed within six months. This is the second order from the same client, following one received on May 5, 2025, reinforcing a strong ongoing partnership. The company has completed over 35 airport projects to date, and reported FY24 total income of ₹102.03 crore with net profit of ₹5.93 crore — making this single order roughly 24% of last year's revenue.
Positive for shareholders — the order meaningfully boosts the company's order book, demonstrates repeat business from an existing client, and strengthens PIGL's positioning in the airport infrastructure segment. Near-term stock sentiment may get a lift given the size of the order relative to FY24 revenue.