Rs 400 Crore Order Book: Electrical Equipment Company Stock Hits 2% Upper Circuit on Rs 70.55 Crore Electrification Contract

Power & Instrumentation (Gujarat) Limited (PIGL), a leading entity in the electrical contracting and infrastructure development sector, has officially announced the receipt of a significant work order valued at Rs 70,54,99,997/-, which amounts to Rs 70.55 Crore including GST. This substantial contract has been awarded by M/s Ajmer Vidyut Vitran Nigam Limited.

On Tuesday,Power & Instrumentation (Gujarat) Limited' share price was locked in the 2 per cent upper circuit on August 14 as of 10:47 am IST.

The project encompasses the supply, Erection, Installation, Testing, and Commissioning of Material/Equipment for executing works related to the development of Distribution Infrastructure for on-grid electrification. This initiative aims to electrify un-electrified households (HHs) and public institutions across nine circles in tribal villages within the Ajmer Discom area of Rajasthan. The specified circles are Ajmer, Banswara, Bhilwara, Chhitorgarh, Dungarpur, Pratapgarh, Salumbar, Sikar, and Udaipur. The project will be executed on a turnkey basis under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyana (DA-JGUA) scheme, which falls under the Central Government of India's RDSS scheme.

Project Highlights:

• Contract Value: Rs 70.55 Crore (including GST).
• Scope: Supply, erection, installation, testing, and commissioning of distribution infrastructure for on-grid electrification.
• Regions Covered: 9 circles in tribal villages of Rajasthan: Ajmer, Banswara, Bhilwara, Chhitorgarh, Dungarpur, Pratapgarh, Salumbar, Sikar, & Udaipur.
• Timeline: 12 months.
• Scheme: Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DA-JGUA) under RDSS, a Central Government of India Scheme.

Mr. Padmaraj Padmnabhan Pillai, Managing Director of Power & Instrumentation (Gujarat) Limited, commented on this achievement, stating, “This contract marks a milestone in our mission to empower underserved communities through reliable electricity access, transforming lives in Rajasthan’s tribal regions. By delivering this project under the DA-JGUA and RDSS schemes, we are contributing to India’s vision of inclusive development. Our proven expertise in executing complex projects positions us to deliver this initiative with precision, further strengthening our leadership in the power infrastructure sector”. 

This project reinforces PIGL’s expertise in delivering large-scale power distribution solutions, particularly in challenging terrains, and strengthens its role in India’s energy transformation. The order significantly adds to the company’s growing portfolio within key national electrification programmes.

About Power & Instrumentation (Gujarat) Limited (PIGL)

Founded in 1975, PIGL has established itself as a leading force in the electrical contracting sector, specialising in comprehensive Engineering, Procurement, and Construction (EPC) solutions. The company offers a wide range of services in the transmission & distribution sector, including post-installation maintenance services, and its expertise spans designing, supplying, installing, and maintaining energy-efficient power systems across various industries.

PIGL has a proven track record, having successfully completed over 35 airport projects, electrified more than 1,00,000 households, and laid more than 20,000 Km of HT & LT lines. The company is actively involved in projects across generation, transmission, and distribution, showcasing its versatility and commitment to quality, meticulous project execution, and on-time delivery. In May 2023, PIGL achieved a significant milestone by migrating to the main boards of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

For the Financial Year 2025 (FY25), PIGL reported a Standalone Total Income of Rs 171.28 Crore, an EBITDA of Rs 19.59 Crore, and a Net Profit of Rs 11.75 Crore

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