Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated Jun 05, 2025, titled "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to enclosed herewith the copy of the press release with regard to receipt of Work Order worth Rs. 6,25,40,000/- (Six Crores Twenty five Lacs Forty thousand Only) (Including GST) for design, supply, Installation, Testing, commissioning and Client handling over of power supply system Electrical Work at Udaipur Air Terminal, Rajasthan.".
PIGL · price
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Awaiting price reaction for this filing.
Power & Instrumentation (Gujarat) Limited (PIGL) has secured a work order worth ₹6.25 Crore (including GST) from Nyati Engineering & Construction Private Limited for the design, supply, installation, testing, commissioning, and handover of the power supply system at the Udaipur Air Terminal in Rajasthan, to be completed within six months. This is the third consecutive order from the same client, following orders of ₹21.41 Cr (May 5, 2025) and ₹24.77 Cr (May 21, 2025), bringing the cumulative value of work for the Udaipur Air Terminal project to ₹52.43 Cr. For context, PIGL reported FY25 standalone total income of ₹171.28 Cr, EBITDA of ₹19.59 Cr, and net profit of ₹11.75 Cr. The company, which has completed over 35 airport projects, is highlighting these repeat orders as evidence of its strong execution capabilities in airport infrastructure.
Positive for the stock — the third repeat order within a month from the same client signals strong client confidence and execution track record, with cumulative project value (~₹52 Cr) representing roughly 30% of FY25 revenue, meaningfully strengthening the order book. Short-term upside may be limited by the small absolute size of this individual order, but the trend reinforces the company's positioning in airport infrastructure.