Announced Thu, 28 May · 16:10 IST

Receipt of the Order from Ajmer Viduyt Vitran Nigam Limited

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PIGL · price

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Price reaction · full curve 14 horizons · vs prior close
-16.2%1-day move
₹106.00
prior close
₹107.99
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.8+1.2+0.3-16.2-7.0-0.7-2.8-7.4-7.1+5.8+6.0
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AI summary

Power and Instrumentation (Gujarat) Ltd has received an additional work order worth Rs. 7.14 crore from Ajmer Vidyut Vitran Nigam Limited. Combined with an earlier order of Rs. 68.22 crore (intimated on 8th October 2025), the total aggregated order value stands at Rs. 75.36 crore. The order covers supply, erection, installation, testing and commissioning of material and equipment for development of distribution infrastructure to segregate 11 KV mixed feeders at Dungarpur Circle in Rajasthan under the RDSS Scheme on a turnkey basis. The project is to be completed within 180 days. This is a domestic order with no related party involvement.

Likely market impact

This substantial order win significantly strengthens the company's order book and provides good revenue visibility. The aggregated order value of Rs. 75.36 crore should positively impact the company's financials and is a constructive development for shareholders.