Rs 400+ Crore Order Book: Electrical Equipment Company Bags New Order Worth Rs 9,50,00,000 from Sadashiv Projects India Pvt Ltd

DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Mindshare, Trending

Rs 400+ Crore Order Book: Electrical Equipment Company Bags New Order Worth Rs 9,50,00,000 from Sadashiv Projects India Pvt Ltd

The stock is up by 46.2 per cent from its 52-week low of Rs 106.70 per share.

Power & Instrumentation (Gujarat) Limited (PIGL) has received a new work order valued at Rs 9,50,00,000 (excluding GST) from Sadashiv Projects India Private Limited. The contract is for a 5.00 MWp solar ground-mounted project across various locations in Gujarat. The scope of work includes the design, engineering, supply, erection, installation, and testing of all necessary materials and equipment.

This order, which is scheduled for completion within six months, highlights PIGL's comprehensive capabilities in the renewable energy sector. By securing this contract, the company is further expanding its presence in India's clean energy infrastructure market, reinforcing its role as a key player in both the conventional and renewable energy segments. 

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.

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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 190 crore and as of June 30, 2025, its order book stands at Rs 400+ crore. The stock is up by 46.2 per cent from its 52-week low of Rs 106.70 per share.

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