Nyati Engineering awards ₹1.32 crore project to Power & Instrumentation.
Power & Instrumentation (Gujarat) Ltd (PIGL), a prominent player in the electrical equipment and contracting sector, has recently bagged a significant new order. The company has been awarded a contract worth ₹1,32,74,718, including GST, from Nyati Engineering & Construction Pvt Ltd. This new order is part of the ongoing development at the Udaipur Air Terminal in Rajasthan and marks another milestone in PIGL’s expanding portfolio.
Details of the New Contract
The fresh order entails comprehensive work covering the design, supply, installation, testing, and commissioning of Extra Low Voltage (ELV) raceways and cable trays. These components are crucial for electrical installations, especially in large infrastructure projects like airports where safety and efficiency are paramount. The company is expected to complete this project within six months, indicating a prompt execution timeline that aligns with PIGL’s reputation for timely delivery.
This order is part of a series of contracts PIGL has secured from Nyati Engineering for the Udaipur Air Terminal project. The total value of orders bagged by the company for this project now stands at approximately ₹52.43 crore, demonstrating its growing association and trust with Nyati Engineering & Construction Pvt Ltd.
Robust Order Book and Growing Business Opportunities
As of March 31, 2025, Power & Instrumentation boasts a robust order book valued at nearly ₹400 crore. This extensive order pipeline ensures strong revenue visibility for the upcoming financial periods. The new contract further strengthens this position, reflecting the company’s ability to consistently attract and secure new projects.
The consistent addition of fresh orders indicates the company’s competitive edge and its growing expertise in the field of electrical and EPC (Engineering, Procurement, and Construction) contracting. Power & Instrumentation is gradually establishing itself as a reliable player in infrastructure-related electrical works, particularly in specialized sectors like airport development.
A Legacy of Excellence and Strong Market Position
Since its establishment in 1975, Power & Instrumentation (Gujarat) Ltd has consistently developed a strong market presence and earned industry-wide recognition over the years. The company has successfully executed more than 35 airport-related projects across the country. Its diversified project experience spans public electrification, airport systems, and other critical infrastructure.
In addition to its airport work, PIGL has completed the electrification of over 100,000 Below Poverty Line (BPL) homes and has laid more than 20,000 kilometers of HT (High Tension) and LT (Low Tension) electrical lines. This diverse experience underlines the company’s capability to manage large-scale and technically demanding projects.
Financial Performance Overview
The company’s financial performance for FY25 has been solid. Power & Instrumentation reported total revenues of ₹171.28 crore for the year ending March 31, 2025. It posted an EBITDA of ₹19.59 crore and achieved a net profit of ₹11.75 crore, reflecting healthy profitability and efficient cost management.
These financial figures highlight the company’s ability to grow its business sustainably while maintaining a focus on operational efficiency. A steady net profit margin also indicates a well-managed balance sheet and prudent financial planning.
Positive Stock Performance and Investor Confidence
Power & Instrumentation’s stock has performed impressively in the past year. The company’s shares have soared by over 136% from its 52-week low of ₹69.50, reflecting growing investor confidence. The stock also recently touched its upper circuit limit following the announcement of another ₹6.25 crore order related to the same Udaipur Air Terminal project.
The sharp rise in stock prices suggests that the market views the company’s future prospects positively, likely due to its consistent order wins and a strong project execution track record. This upward trend reinforces the company’s credibility and positions it as a potentially attractive investment opportunity in the electrical contracting space.
Strategic Positioning in a Growing Sector
India’s ongoing infrastructure boom, with significant focus on airport modernization and expansion, creates a fertile ground for companies like Power & Instrumentation. The government’s increased push for aviation connectivity through projects like the UDAN scheme is generating substantial demand for airport-related electrical and civil works.
The company’s specialization in airport electrical projects, coupled with its experience in handling complex ELV systems, places it in an advantageous position to capitalize on these emerging opportunities. By securing repeat orders from prominent clients, PIGL is solidifying its position as a trusted and capable player in the industry.
Conclusion
The latest order from Nyati Engineering not only adds to Power & Instrumentation’s already impressive order book but also reinforces its standing in the specialized airport infrastructure segment. With solid financials, a strong growth trajectory, and increasing investor interest, Power & Instrumentation (Gujarat) Ltd seems well-poised to sustain its upward momentum in the coming quarters.
:
The image added is for representation purposes only
