Power & Instrumentation jumps on getting LoA from M.P. Poorv Kshetra Vidyut Vitaran
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Power & Instrumentation (Gujarat) is currently trading at Rs. 43.44, up by 0.94 points or 2.21% from its previous closing of Rs. 42.50 on the BSE.
The scrip opened at Rs. 44.00 and has touched a high and low of Rs. 44.00 and Rs. 41.10 respectively. So far 3234 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.45 on 17-May-2023 and a 52 week low of Rs. 36.65 on 26-Jul-2023.
Last one week high and low of the scrip stood at Rs. 44.89 and Rs. 39.09 respectively. The current market cap of the company is Rs. 54.88 crore.
The promoters holding in the company stood at 52.09%, while Non-Institutions held 47.91% stake in the company.
Power & Instrumentation (Gujarat) has received Letter of Award (LoA) from M.P. Poorv Kshetra Vidyut Vitaran for Supply, Installation, Testing and Commissioning of New 11 KV Lines, LT Line on AB cable, Distribution Transformer Substation and supporting works such as DPs, TPs, Crossing etc. for separation of 11 KV Mix Feeders & Mix DTRs under Revamped Reforms-based and Results-linked Distribution Sector (Package-13) in Sagar Circle of MPPKVVCL, Jabalpur Company Area. The LoA is issued to the company in Joint venture (JV) with Sakar Engitech. Broad consideration or size of the order is Rs 113.65 crore.
The company is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. The company has been providing the clients with complete turnkey solutions from concept to commissioning which includes design, procurement, installation, testing & commissioning and maintenance of the system.
