Power & Instrumentation (Gujarat) has reported an order book of over ₹520 crore in ongoing works (average 12-15 months completion) as of November 14.
It has placed bids for over ₹200 crore.
The company has recently won ₹134 crore in contracts, which includes ₹103 crore forrural electrification under RDSS and ₹9 crore for solar projects. The acquisition of a 51 per cent stake in Peaton Electrical has added ₹32 crore to the order book. The deal has also enhanced backward integration and synergies for future growth in power and renewables.
The company’s net profit increased 21 per cent to ₹5 crore while income was up 27 per cent to ₹71 crore in the September quarter.
Padmaraj Padmnabhan Pillai, Managing Director of PIGL said the strong order inflows and efficient project management supported overall performance, while new government-led rural electrification orders further strengthened the company’s presence in national infrastructure initiatives.
Shares of the company were up 1 per cent at ₹159 on Monday.
Published on November 17, 2025
