POWER INSTRUMENT (G) LTD

Executes electrical engineering, procurement and construction (EPC) projects for power and infrastructure, with a track record covering high-tension and low-tension (HT/LT) lines, substations, distribution infrastructure, airports, DG/UPS, fire safety and building management systems. Roughly 97-98% of the order book is backed by central or state government schemes, primarily the Revamped Reforms-Based and Results-Linked Distribution Sector Scheme (RDSS); Q3 FY26 order inflow of ₹124.17 crore was led by ₹102.78 crore from Ajmer Vidyut Vitran Nigam for feeder segregation across 9 Rajasthan circles, with separate Rajasthan state-discom aggregates running to ₹75.36 crore. Airport electrification is a second major stream, including a ₹60.51 crore aggregate scope at Udaipur Air Terminal executed via Nyati Engineering & Consultants and past work on 35+ airport projects. The 60%-owned subsidiary Peaton Electrical has received CPRI approval for an 11 kV 3,000 A 'Phibar' segregated-phase busduct aimed at data centres, IT parks, airports, metros and hospitals, with full manufacturing ramp targeted from May 2026. Diesel generator (DG) set distribution in Gujarat has been added through a six-month authorised channel-partner Letter of Intent from Greaves Cotton. FY26 consolidated revenue was ₹218.76 crore; 9M FY26 topline of ₹161.35 crore was up 39% YoY. The disclosed cost-shape shows employee cost at 2.4% of revenue and other operating expenses at 2.8%, with depreciation at 0.3%.