During Tuesday’s trading session, the price of an electrical Equipment company, specializing in the business of Electrical Contract Work, surged up close to 2% after orders worth Rs 21.41 crores from Nyati Engineering & Construction Private Limited.
With a market capitalization of Rs. 265.52 crores on Tuesday, the shares of Power & Instrumentation (Gujarat) Limited are trading at Rs. 167.65, up by close to 2 percent from its previous closing price of Rs. 164.66. The share has given 8.52 percent returns in the month.
What’s the News
Power & Instrumentation (Gujarat) has received a work order from Nyati Engineering & Construction Private Limited is worth Rs 21.41 Cr for the design, supply, installation, testing, commissioning, and client handover of the power supply system electrical work at Udaipur Air Terminal in Rajasthan.
The order, valued at Rs 21.41 Cr, covers the detailed engineering and design of the power supply system, the provision of all necessary electrical equipment, the complete installation and integration process, rigorous testing and commissioning to ensure compliance with aviation standards, and the final handover to the client with full operational readiness. The project is scheduled for completion within six months from the date of award of the contract.
The company says that this award represents yet another milestone in the company’s ongoing commitment to delivering turnkey EPC solutions for airport facilities. It reinforces the company’s proven track record in providing mission-critical power infrastructure to aviation clients, demonstrating the company’s ability to meet the most stringent reliability and safety requirements. With this order, PIGL has once again underlined its position as the preferred EPC partner for both greenfield and brownfield airport projects across India.
Financials
Its revenue from operations has surged by 120.32 percent from Rs. 15.5 Crores in Q3FY24 to Rs. 34.15 Crores in Q3 of FY25, whereas the net profits of the company increased by 275.9 percent from Rs. 0.83 crores in Q3 of FY2024 to Rs. 3.12 Crores in Q3 of FY2025.
About the company
Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical equipment Company provides EPC solutions for Electrical requirements. It is a domain specialist in electrical installations, maintenance, repairs, and offers services in electrical contracting, Indoor substation, field services, generator sales and service, etc. It also provides design, installation, maintenance, and repairs for energy-efficient power and distribution transformers, generators, load banks, compressors, etc.
Written By Likesh Babu S
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