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Power & Instrumentation Secures Rs. 68.22 Crore Contract for Infrastructure Development

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Power & Instrumentation Secures Rs. 68.22 Crore Contract for Infrastructure Development

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Power & Instrumentation (Gujarat) Ltd. ( (IN:PIGL) ) has shared an announcement.

Power & Instrumentation (Gujarat) Limited has secured a significant work order valued at Rs. 68.22 crore from Ajmer Vidyut Vitran Nigam Limited. This contract involves the development of distribution infrastructure for segregating 11 KV mixed feeders in Rajasthan, under the RDSS scheme, and is expected to be completed in 15 months. This order underscores the company’s strong positioning in the domestic market for electrical infrastructure projects and is likely to enhance its operational capabilities and market presence.

More about Power & Instrumentation (Gujarat) Ltd.

Power & Instrumentation (Gujarat) Limited operates in the electrical and instrumentation industry, providing services such as supply, erection, installation, testing, and commissioning of electrical equipment and infrastructure. The company focuses on projects that enhance distribution infrastructure, particularly in the domestic market.

Average Trading Volume: 65,480

Technical Sentiment Signal: Strong Buy

Current Market Cap: 3.01B INR

Find detailed analytics on PIGL stock on TipRanks’ Stock Analysis page.

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