Rs 400 Crore Order Book: Electrical Equipment Company Bags New Order Worth Rs 1,53,40,000 from Nyati Engineering & Construction Pvt Ltd

Power & Instrumentation (Gujarat) Limited (PIGL) has secured a new work order valued at Rs 1,53,40,000 (including GST) from Nyati Engineering & Construction Private Limited for the design, supply, installation, testing, commissioning, and client handover of the power supply system electrical work at the Udaipur Air Terminal in Rajasthan. This latest order brings the total cumulative value of work orders for the Udaipur Air Terminal project to Rs 57.89 Crore, with the current project expected to be completed within six months from the award date.

About the Company

Founded in 1975, Power & Instrumentation (Gujarat) Limited (PIGL) is a leading electrical contracting company that provides comprehensive Engineering, Procurement, and Construction (EPC) solutions and post-installation maintenance services. PIGL's expertise covers the design, supply, installation, and maintenance of energy-efficient power systems, with a proven track record of over 35 airport projects, electrification of more than 100,000 BPL households, and laying over 20,000 km of HT & LT lines. The company's diverse service portfolio includes substations, power backup systems, lighting solutions, and various other electrical and ELV works, serving industrial, commercial, and governmental clients with a commitment to quality and timely project delivery.

For FY25, the company has reported standalone total income of Rs 171.28 crore, EBITDA of Rs 19.59 crore and net profit of Rs 11.75 crore. The company has a market cap of over Rs 200 crore and as of March 31, 2025, its order book stands at Rs 400 crore. The stock is up by 43 per cent from its 52-week low of Rs 86.67 per share.

Disclaimer: The article is for informational purposes only and not investment advice.