Power & Instrumentation (Gujarat) Limited (PIGL) has added another feather to its cap by securing a significant work order worth ₹2.59 crore (inclusive of GST) for the Udaipur Air Terminal project in Rajasthan. This new contract enhances the company’s overall order value for this project to a substantial ₹56.36 crore, indicating robust execution capabilities and growing trust from engineering clients.
Work Order Details
The latest work order has been awarded by Nyati Engineering & Construction Private Limited. It includes design, supply, installation, testing, and commissioning of ELV (Extra Low Voltage) raceways and cable tray work at the Udaipur Air Terminal. The comprehensive scope of this technical contract underscores PIGL’s specialization in integrated electrical infrastructure services.
Project Execution Timeline
According to the contract terms, the entire project is scheduled to be completed within six months from the effective date of award. This tight timeline highlights the company’s operational efficiency and ability to execute complex infrastructure projects swiftly and accurately.
Cumulative Value and Strategic Importance
With this latest order, the cumulative value of contracts PIGL has received for the Udaipur Air Terminal now stands at ₹56.36 crore. This marks a significant milestone for the company, reinforcing its position as a preferred contractor for airport infrastructure works in India. It also reflects consistent growth in order inflows, a key performance metric for listed infrastructure firms.
Regulatory Disclosure and Compliance
In line with regulatory obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has disclosed all pertinent details including the awarding entity, scope of work, value, and timeline. Importantly, the company has clarified that there are no related party transactions or promoter interests associated with this order.
Power & Instrumentation (Gujarat) Ltd continues to demonstrate strong momentum in acquiring and executing high-value infrastructure projects. This order not only adds to the company’s financial strength but also showcases its technical competence in delivering specialized electrical engineering solutions for critical sectors like aviation. Investors and stakeholders will be watching closely as the company moves toward timely completion of this large-scale project.
