Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated July 11, 2025, titled "Press Release- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015".
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Power & Instrumentation (Gujarat) Limited (PIGL) has appointed Mr. Kasivishwanath as President of Operations, effective July 11, 2025. He brings over 20 years of experience in manufacturing and EPC sectors, with a track record of handling projects worth more than ₹1,000 Cr. His past work includes contracts with Power Grid Corporation of India, Jharkhand Bijli Vitran Nigam, and Ajmer Vidyut Vitran Nigam, with expertise in project planning, supply chain, procurement, and strategic partnerships. The company, founded in 1975, is an EPC electrical contractor that listed on the NSE and BSE main boards in May 2023. For FY25, PIGL reported standalone total income of ₹171.28 Cr, EBITDA of ₹19.59 Cr, and net profit of ₹11.75 Cr.
The appointment of a senior operations leader with deep EPC and power infrastructure experience signals PIGL's intent to scale execution capabilities and pursue larger projects. For shareholders, this is a positive leadership strengthening move, though near-term stock impact is likely to be limited as no immediate financial change is implied.