Power & Instrumentation (Gujarat) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PIGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Power & Instrumentation (Gujarat) Limited received an additional work order of Rs. 7.14 crore from Ajmer Vidyut Vitran Nigam Limited (AVVNL), a state-owned power distribution company in Rajasthan. This is in addition to a previously announced order of Rs. 68.22 crore, bringing the total aggregated order value to Rs. 75.36 crore. The order covers supply, erection, installation, testing, and commissioning of material and equipment for development of distribution infrastructure under the RDSS (Revamped Reforms-Based and Results-Linked Distribution Sector Scheme) for segregation of 11 KV mixed feeders at Dungarpur Circle. The project is to be completed within 180 days on a turnkey basis. This is purely a domestic order with no related party involvement.
The aggregated order of Rs. 75.36 crore represents a significant order win for the company and is likely to be material relative to its annual revenue, providing revenue visibility for the near term. The RDSS scheme-driven order from a government utility indicates stable government-backed business.