PIGL Wins ₹4.09 Cr Arbitration Award with 18% Interest Against Chennai Port Trust
The award of ₹4.09 Crore plus 18% interest is a material financial gain for the company, representing a significant portion relative to its FY25 net profit of ₹11.75 Crore.
The company received a favourable arbitration award of ₹4.09 Crore with 18% annual interest, securing rightful compensation and reinforcing its contractual rights.
* Power & Instrumentation (Gujarat) Limited (PIGL) announced on 17 September 2025 that it has received a favourable Arbitration Award. * The award amounts to ₹4.09 Crore, along with interest at 18% per annum, effective from 15 September 2025 until the actual date of payment. * The Honourable Arbitral Tribunal issued the award on 15 September 2025, under the Arbitration and Conciliation Act, 1996. * The case was between PIGL and Chennai Port Trust, Chennai, concerning an agreement dated 21 March 2014 for providing power supply arrangements for the Navy at Madhusudan Jetty in Chennai Port Trust. * This ruling reaffirms PIGL’s contractual rights and recognizes its execution of specialized electrical infrastructure work, securing rightful compensation for the company.
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Power & Instrumentation (Gujarat) Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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.