Microcap stock hits upper circuit after receiving ₹24.77 Cr contract for electrical works in Rajasthan

During Wednesday’s trading session, the price of an Electric Equipment company engaged in the business of Electrical Contract Work has hit a 2 percent upper circuit from the previous closing after securing orders worth Rs 24.77 crores for Electrical Work at Udaipur Air Terminal, Rajasthan

With a market capitalization of Rs. 278.21 crores, on Wednesday, the shares of Power & Instrumentation (Gujarat) Ltd are trading at Rs. 160.88, up by close to 2 percent from its previous closing of Rs. 157.73. The stock is up by 4 percent from its day’s low price of Rs 154.57

What’s the News

Power and Instrumentation (Gujarat) Limited has received a significant work order valued at Rs 24.77 crore (including GST). The order was awarded by Nyati Engineering & Construction Private Limited to undertake a complete design, supply, installation, testing, commissioning, and client handover of a power supply system and electrical works at the Udaipur Air Terminal in Rajasthan.

The scope of the project is domestic and includes a comprehensive electrical system setup for the terminal. As per the terms, the entire project is to be completed within 6 months from the effective date, which is the date of award of the contract. The work order encompasses all necessary components, labor, and commissioning tasks required to ensure a fully operational power infrastructure as per the client’s specifications. This order marks a significant achievement for Power and Instrumentation (Gujarat) Ltd. and reinforces its capabilities in executing large-scale infrastructure and electrical projects in India.

About the company

Power & Instrumentation (Gujarat) Ltd. is a prominent player in the electrical contracting industry, offering end-to-end Engineering, Procurement, and Construction (EPC) solutions. The company specializes in electrical engineering services across the transmission and distribution sectors, including post-installation maintenance. With extensive expertise in designing, supplying, installing, and maintaining energy-efficient power systems, it has completed over 35 airport projects, electrified more than 1 lakh BPL households, and laid over 20,000 km of HT and LT lines. Its involvement in generation, transmission, and distribution projects reflects its versatility and consistent delivery of high-quality work.

Written By Likesh Babu S 

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