Rs 400 Crore Order Book: Electrical Equipment Company Secures Rs 70.55 Crore Work Order from Ajmer Vidyut Vitran Nigam Limited

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Rs 400 Crore Order Book: Electrical Equipment Company Secures Rs 70.55 Crore Work Order from Ajmer Vidyut Vitran Nigam Limited

The stock is up by 24 per cent from its 52-week low of Rs 106 per share.

Power & Instrumentation (Gujarat) Limited has received a significant work order from Ajmer Vidyut Vitran Nigam Limited. The order is valued at Rs. 70,54,99,997, which includes GST. The work involves the supply, erection, installation, testing, and commissioning of equipment for developing distribution infrastructure. This project is part of the Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) under the RDSS scheme and aims to provide on-grid electrification to unelectrified households and public institutions in nine circles of the Ajmer Discom's tribal villages. The project, which is on a turnkey basis, is to be completed within 12 months. The nine circles included in the project are Ajmer, Banswara, Bhilwara, Chhitorgarh, Dungarpur, Pratapgarh, Salumbar, Sikar, and Udaipur. The company confirmed that there is no conflict of interest, and the transaction is not a related-party transaction.

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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 231 crore and as of March 31, 2025, its order book stands at Rs 400 crore. The stock is up by 24 per cent from its 52-week low of Rs 106 per share.

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