Power & Instrumentation (Gujarat) Secures ₹26 Mn Order for Udaipur Airport Project, Stock Climbs 2.4%

Power and Instrumentation (Gujarat) Ltd has bagged a fresh ₹2.59 crore (₹25.9 million) work order from Nyati Engineering & Construction, reinforcing its presence in India’s aviation infrastructure segment. The contract involves design, supply, installation, testing, and commissioning of ELV raceways and cable tray systems at the Udaipur Air Terminal in Rajasthan.

 

The project is slated for completion within six months from the effective date, and it adds to the company’s growing portfolio at the Udaipur site, where the cumulative order value now stands at ₹56.36 crore. The company clarified that this is not a related party transaction, and the awarding entity has no promoter group affiliation.

 

Following the announcement, the company’s stock rose 2.4% to ₹115, reflecting investor optimism around its execution capabilities and order book momentum. This comes on the back of a strong Q4 FY25 performance, where net profit rose 4.9% YoY to ₹2.81 crore, and revenue surged 49.2% to ₹55.09 crore.

 

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Source: Business Standard