Power & Instrumentation (Gujarat) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PIGL · price
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Awaiting price reaction for this filing.
Power & Instrumentation (Gujarat) Limited has received a work order worth Rs. 9.5 crore (excluding GST) from Sadashiv Projects India Private Limited. The scope covers design, engineering, supply, testing, and various services for a 5.00 MWP solar ground-mounted project at multiple locations in Gujarat. The order is domestic in nature and is to be executed within 6 months. The company has confirmed that the order is not a related party transaction and promoters have no interest in the awarding entity.
This is a positive development as it adds a new order worth Rs. 9.5 crore to the company's order book, strengthening its presence in the solar EPC segment. Short-term stock sentiment may improve given the timely execution potential within 6 months.