Power & Instrumentation (Gujarat) Wins ₹68.22 Crore Order from AVVNL; Stock Jumps 5%

Ahmedabad, Oct 8, 2025 – Power & Instrumentation (Gujarat) Ltd (BSE: 543912, NSE: PIGL) has bagged a ₹68.22-crore work order from Ajmer Vidyut Vitran Nigam Limited (AVVNL) towards the development of power distribution infrastructure in Rajasthan. The company’s equity shares surged by 5% and reached the day’s high at ₹174.12.

Work Order Detail

Power & Instrumentation Ltd has been given a new work order valued at ₹68.22 crore (tax inclusive) by Ajmer Vidyut Vitran Nigam Limited. Supply, erection, installation, testing, and commissioning on a turnkey basis, including materials and equipment, for strengthening distribution infrastructure under the Revamped Distribution Sector Scheme (RDSS).

The project is to be completed in the Dungarpur Circle, Rajasthan, on a domestic turnkey basis, with a project schedule of 15 months. The company assured that the order entails no promoter or group interest and is not a related party transaction. This order solidifies further Power & Instrumentation Ltd’s presence in the power distribution and infrastructure development segment.

Share Price Update

The Power & Instrumentation Ltd ended at ₹174, up by 5% on October 8, 2025. Shares in Power and Instrumentation (Gujarat) Ltd varied narrowly on Wednesday, going up as much as ₹174.12 during the intraday high, after the stocks had opened at ₹165.85. They were then seen touching a low of ₹162.10. The current market capitalization is ₹312.23 crore.

The stock is currently priced at a price-to-earnings multiple of 22.51, which is in line with ordinary valuation levels in the power infrastructure market. It pays a dividend yield of 0.11%, with a quarterly per-share dividend of ₹0.05.

The stock has experienced significant volatility over the last year, having reached a 52-week low of ₹106.74 and a high of ₹417.00. Increased optimism among investors, following the massive order victory, reinforces the company’s revenue visibility over the next 15 months.

Power & Instrumentation (Gujarat) Ltd, based in Ahmedabad, focuses on turnkey electrical engineering works, including transmission, distribution, and substation projects. It was incorporated in the year 1975. It was listed on the stock exchanges in May 2023. It is present all across India and provides solutions in the power and industrial infra segment.

REF: https://nsearchives.nseindia.com/corporate/PIGL_08102025131149_Disclosureunderregulation30.pdf

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