Power & Instrumentation (Gujarat) Limited bags ₹34.56 crore order from Ajmer Vidyut Vitran Nigam Limited
PIGL secured a ₹34.56 crore order from Ajmer Vidyut Vitran Nigam Limited for distribution infrastructure work in Rajasthan, to be completed in 15 months.
The order value of ₹34.56 crore is substantial and is likely to have a medium impact on the company's financials, providing a stable revenue stream for the next 15 months.
The company has secured a significant new work order which is expected to contribute to its revenue and strengthen its order book, indicating positive business growth.
Power & Instrumentation (Gujarat) Limited has received a work order worth ₹34,56,00,000 (Thirty-four Crore fifty-six lacs) (Including taxes) from Ajmer Vidyut Vitran Nigam Limited. The order is for the supply, erection, installation, testing, and commissioning of material/equipment for the development of distribution infrastructure work. * Project Scope: Segregation of 11 KV mixed feeders at Salumbar Circle of Ajmer Discom in Rajasthan state under the RDSS scheme on a turnkey basis. * Client: Ajmer Vidyut Vitran Nigam Limited (a domestic entity). * Execution Period: The order is to be executed within 15 months. * Related Party Transaction: The company confirmed that this order does not fall under related party transactions and the promoter/promoter group/group companies have no interest in the awarding entity.
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.