PIGL Secures ₹71.37 Crore Order from Ajmer Vidyut Vitran Nigam
PIGL received an additional order worth ₹7.14 crore from Ajmer Vidyut Vitran Nigam Limited. This increases the total order value to ₹75.36 crore. The contract is for developing distribution infrastructure under the RDSS Scheme in Rajasthan and is to be executed within 180 days.
The order value is substantial and contributes to the company's revenue pipeline, but it is not a transformative deal in the context of the company's overall size.
The company has secured a significant new order, which is a positive development for its business.
Power & Instrumentation (Gujarat) Limited (PIGL) has announced the receipt of an additional work order amounting to ₹7,13,69,325.90 (Rupees Seven Crore Thirteen Lakh Sixty-Nine Thousand Three Hundred Twenty-Five and Ninety Paise).
This new order is in addition to a previous order of ₹68,22,00,000 (Rupees Sixty-Eight Crore Twenty-Two Lakh), bringing the total aggregated order value to ₹75,35,69,325.90 (Rupees Seventy-Five Crore Thirty-Five Lakh Sixty-Nine Thousand Three Hundred Twenty-Five and Ninety Paise), including taxes.
The contract has been awarded by Ajmer Vidyut Vitran Nigam Limited for the supply, erection, installation, testing, and commissioning of material and equipment for the development of distribution infrastructure works. Specifically, the project involves the segregation of 11 KV mixed feeders at Dungarpur Circle of Ajmer Discom in Rajasthan, under the RDSS Scheme, on a turnkey basis.
The project is to be executed within 180 days from the date of the awarding order.
What to do with a filing like this
Power & Instrumentation (Gujarat) Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Power & Instrumentation (Gujarat) Limited. Read the original for the full detail.