Power & Instrumentation (Gujarat) Ltd Gains More Than 3% After Securing ₹102.78 Crore RDSS Orders

Ahmedabad, October 10, 2025: Power & Instrumentation (Gujarat) Limited (NSE: PIGL, BSE: 543912) saw its shares rise more than 3% on Friday after announcing two major turnkey contracts under the Revamped Distribution Sector Scheme (RDSS), with a combined value of ₹102.78 crore.

Founded in 1975, PIGL is an ISO 9001:2015 certified EPC and electrical contracting company. The firm has executed more than 35 airport projects, electrified over 1 lakh BPL households, and laid more than 20,000 km of transmission and distribution lines. For FY25, the company reported a total income of ₹171.28 crore, an EBITDA of ₹19.59 crore, and a net profit of ₹11.75 crore. Since migrating to the main boards of NSE and BSE in May 2023, PIGL has continued to expand its footprint across India’s power distribution sector.

Strengthening Its Footprint in Rajasthan

The orders, awarded by Ajmer Vidyut Vitran Nigam Limited (AVVNL), cover the Dungarpur and Salumbar Circles. In Dungarpur, PIGL will handle the supply, erection, installation, testing, and commissioning of the distribution infrastructure, including the segregation of 11 kV mixed feeders, valued at ₹68.22 crore. The Salumbar Circle project, worth ₹34.56 crore, involves a similar scope of work. Both projects are expected to be completed within 15 months and aim to enhance load management, reduce technical losses, and improve overall power supply reliability across Rajasthan.

Management Perspective

Padmaraj Padmnabhan Pillai, Managing Director, commented that securing back-to-back RDSS orders highlights the company’s strong track record and the trust it has earned from clients. He emphasized that both projects are technically challenging and crucial for strengthening Rajasthan’s power distribution network, and pledged meticulous execution with a focus on speed and quality.

Market Reaction

As of 2:14 PM IST on October 10, the stock was trading at ₹180.10, up ₹1.40 or 0.78%, with a market capitalization of ₹324.83 crore, reflecting positive investor sentiment driven by the company’s growing order book and strategic presence in the distribution sector.

REF: https://nsearchives.nseindia.com/corporate/PIGL_10102025102143_Pressrelease.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations