26-09-2024 12:49 PM | Source: Accord Fintech
Power & Instrumentation (Gujarat) touches roof on the BSE

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Power & Instrumentation (Gujarat) is currently trading at upper limit of Rs. 167.30, up by 3.25 points or 1.98 % from its previous closing of Rs. 164.05 on the BSE.

The scrip opened at Rs. 167.25 and has touched a high and low of Rs. 167.30 and Rs. 167.25 respectively. So far 5470 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.55 on 09-Sep-2024 and a 52 week low of Rs. 38.96 on 10-Nov-2023.

Last one week high and low of the scrip stood at Rs. 173.00 and Rs. 162.90 respectively. The current market cap of the company is Rs. 268.90 crore.

The promoters holding in the company stood at 52.09 % while Institutions and Non-Institutions held 0.00 % and 47.91 % respectively.

Power & Instrumentation (Gujarat) (PIGL) has been appointed by the Airports Authority of India (AAI) as the specialized agency responsible for the power supply system of the new Integrated Passenger Terminal Building at Maharana Pratap Airport, Udaipur. This appointment is part of a broader contract awarded to Nyati Engineers & Consultants, the main contractor for the airport's modernization project. 

Under the terms of the contract, PIGL will be responsible for designing, implementing, and commissioning the entire power supply system for the state-of-the-art terminal. This encompasses power distribution, installation of electrical substations, energy management systems, and ensuring full compliance with safety and regulatory standards.

The expanded terminal will cover 5,92,187 square feet, increasing capacity from 680 to 2,050 passengers, with enhanced facilities such as 4 aerobridges, 42 check-in counters, and 10 security lanes. PIGL, as the specialized agency, will ensure the terminal has a reliable and efficient power supply system, critical to supporting its advanced infrastructure and seamless operations. This achievement marks a significant milestone in PIGL's growing portfolio of airport electrical infrastructure projects. With a proven track record in the power sector and advanced technical expertise, PIGL is well-equipped to address the complex requirements of the airport modernization initiative.

Power & Instrumentation (Gujarat) 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.