Shares of Power & Instrumentation (Gujarat) Limited could remain in focus after the company announced it had received a new work order worth Rs 24.77 crore (inclusive of GST). The contract involves designing, supplying, installing, testing, commissioning, and handing over a power supply electrical system at the Udaipur Air Terminal in Rajasthan.
The order has been awarded by Nyati Engineering & Construction Private Limited and is expected to be executed over a period of six months from the effective date of the award. The company clarified that this is a domestic contract and there is no promoter or related party involvement in the transaction.
The development further strengthens Power & Instrumentation’s footprint in executing critical infrastructure and electrical projects across India, aligning with the company’s expansion strategy in the public utilities and airport infrastructure domain.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
