Power & Instrumentation (Gujarat) touches roof on getting LoA from Ahmedabad International Airport
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Power & Instrumentation (Gujarat) is currently trading at upper limit of Rs. 75.05, up by 1.47 points or 2.00% from its previous closing of Rs. 73.58 on the BSE.
The scrip opened at Rs. 75.05 and has touched a high and low of Rs. 75.05 and Rs. 75.05 respectively. So far 30694 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. 36.53 on 13-Sep-2023.
Last one week high and low of the scrip stood at Rs. 75.39 and Rs. 73.58 respectively. The current market cap of the company is Rs. 94.82 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) for development of Substation for Terminal 2 at Sardar Vallabhbhai International Airport, Ahmedabad (Airport) from Ahmedabad International Airport, Ahmedabad (Adani Group). The broad consideration or size of the order is Rs 20.93 crore includes all the applicable taxes and duties including GST at 18% (Excluding Labor cess at 1%) for the development of the Project.
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.
