Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company is in receipt of Work Order worth Rs. 70,54,99,997/- (Seventy Crores Fifty four lacs Ninety nine thousand nine hundred Ninety seven Only) (Including GST) from M/s Ajmer Vidyut Vitran Nigam Limited for supply, Erection, Installation, Testing and Commissioning of Material/Equipment for executing the works related to development of Distribution Infrastructure work for on-grid electrification of Un-electrified households (HHs) and public Institutions at 9 circles (Ajmer, Banswara, Bhilwara, Chhitorgarh, Dungarpur, Pratapgarh, Salumbar, Sikar & Udaipur) in tribal village of Ajmer Discom covered in Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) under RDSS scheme on turnkey basis.
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Power & Instrumentation (Gujarat) Ltd has received a work order worth Rs. 70.55 crores (including GST) from Ajmer Vidyut Vitran Nigam Limited, a Rajasthan state government power distribution company. The order involves supply, erection, installation, testing, and commissioning of materials and equipment for on-grid electrification of un-electrified households and public institutions across 9 circles in Rajasthan (Ajmer, Banswara, Bhilwara, Chhitorgarh, Dungarpur, Pratapgarh, Salumbar, Sikar, and Udaipur). The project is part of the central government's Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) under the RDSS scheme, to be executed on a turnkey basis within 12 months. The order is a domestic, arm's length transaction with no related party interest.
This sizeable government order strengthens the company's order book and provides revenue visibility over the next 12 months, likely boosting investor sentiment. Execution capability and timely completion will be key watchpoints given the order's size relative to the company.