Power & Instrumentation lands ₹7.14 cr order from Ajmer Vidyut
The company adds to its existing contract with the Rajasthan utility, bringing the total order value from this counterparty to ₹75.36 crore.
— 1 earlier story on Power & Instrumentation (Gujarat) Ltd. →What's new
- Power & Instrumentation won a ₹7.14 cr order from Ajmer Vidyut Vitran Nigam Ltd.
- The project covers 11 kV feeder segregation in Rajasthan under the RDSS scheme.
- The contract requires completion within 180 days.
Why this matters
This incremental win deepens the company's relationship with a state utility and adds to a growing order book. At roughly 3.16% of its ₹226 crore market cap, the win is material for a nano-cap firm and provides clear, short-term revenue visibility.
What we're watching
- Execution speed on the 180-day delivery timeline.
- Further order wins under the government's RDSS scheme.
- Impact of the cumulative ₹75.36 cr contract on upcoming margin profiles.
The full read
Power & Instrumentation (Gujarat) Ltd has secured an additional ₹7.14 crore contract from Ajmer Vidyut Vitran Nigam Ltd. The project involves the segregation of 11 kV mixed feeders in Rajasthan under the government's RDSS scheme.
It is a win.
This contract builds on a previous ₹68.22 crore order from the same utility announced in October 2025, pushing the total committed value to ₹75.36 crore. For a company with a market capitalization of ₹226 crore, this incremental order is meaningful because it provides 180 days of clear execution work and reinforces the company's footprint in state-level distribution infrastructure. The next test is the delivery schedule, as the company must now manage a larger, multi-part commitment to the same utility while maintaining its operational pace.
Questions answered
- What is the scope of the new work order?
- The company will handle the supply, erection, installation, testing, and commissioning of equipment to segregate 11 kV mixed feeders on a turnkey basis.
- How does this order affect the company's total contract value with the utility?
- This ₹7.14 crore order increases the total contract value with Ajmer Vidyut Vitran Nigam Ltd to ₹75.36 crore.
- What is the timeline for project completion?
- The company has 180 days to complete the work.
- Why is this order considered material?
- The order represents approximately 3.16% of the company's ₹226 crore market capitalization, exceeding the 1% materiality threshold.
Story so far
All notes on PIGL →- 28 May 2026 · 5:16 PM IST Power & Instrumentation lands ₹7.14 cr order from Ajmer Vidyut
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