Power & Instrumentation (Gujarat) Limited has informed the Exchange regarding a press release dated May 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. 214,086,042/- (Twenty one Crores Forty Lacs Eighty six thousand forty two 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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Power & Instrumentation (Gujarat) Limited (PIGL) has secured a work order worth ₹21.41 Crores (including GST) from Nyati Engineering & Construction Private Limited. The contract covers end-to-end electrical work — design, supply, installation, testing, commissioning, and client handover — for the power supply system at the Udaipur Air Terminal in Rajasthan. The project is to be completed within six months from the date of award. This adds to PIGL's airport EPC portfolio, where the company claims to have completed over 35 airport projects. For context, the order value is roughly 21% of PIGL's FY24 total income of ₹102.03 Cr.
Short-term positive — boosts order book and provides revenue visibility over the next two quarters, though the order size is modest relative to annual revenue. Reinforces PIGL's positioning in the airport infrastructure EPC segment.