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Electric equipment stock: PIGL shares hit upper circuit after it secures ₹9.50 Cr order from Sadashiv Projects

Power & Instrumentation (Gujarat) Limited has secured a ₹9.50 crore order from Sadashiv Projects for a 5 MWp solar ground-mounted project in Gujarat, to be completed in six months.

Introduction

Leading electrical contracting and infrastructure firm has secured a ₹9.50 crore work order for a 5 MWp solar ground-mounted project in Gujarat, covering design, engineering, supply, installation, testing, and commissioning within six months.

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Share price movement of PIGL

On August 29, 2025, Power and Instrumentation (Gujarat) Ltd opened at ₹152.00, down 0.59% from its previous close of ₹152.90. The stock touched a high and low of ₹152.00. By 10:14 AM, it traded at ₹152.00, with a market capitalization of ₹262.85 crore.

PIGL Bags ₹9.50 Crore Solar Project Order

Power & Instrumentation (Gujarat) Limited (PIGL) has received a work order worth ₹9.50 crore from Sadashiv Projects India Private Limited. The order involves design, engineering, supply, erection, installation, testing, and commissioning for a 5 MWp solar ground-mounted project.

The project covers material supplies and services at multiple locations in Gujarat. It is scheduled for completion within six months. PIGL stated that the order highlights its technical expertise in delivering solar infrastructure projects.

Recent news on PIGL

As of August 11, 2025, Power & Instrumentation (Gujarat) Ltd secured a ₹70.54 crore order from Ajmer Vidyut Vitran Nigam for electrification infrastructure across nine tribal village circles under the RDSS scheme.

Stock performance of PIGL for Period of 1 week, 6 months, and 1 year

Power and Instrumentation (Gujarat) Ltd delivered a 0.97% return over the past week, it declined by 17.4% in the past six months. The stock fell 8.52% over the past year.

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Shareholding pattern of PIGL

ParticularsJun 2025Mar 2025Dec 2024
Promoter45.70%45.70%41.00%
FII0.00%0.00%0.00%
DII0.10%0%0.00%
Public54.20%54.30%59.10%

About PIGL

Power & Instrumentation (Gujarat) Ltd (NSE: PIGL), incorporated in 1975, provides EPC solutions in electrical contracting, installations, maintenance, and repairs. The company specializes in substations, transformers, generators, and energy-efficient systems for diverse industrial and infrastructure projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Power & Instrumentation (Gujarat) Ltd share price going up today?

A:  Power & Instrumentation (Gujarat) Ltd share price is rising after receiving a ₹9.50 crore solar project order from Sadashiv Projects.

Q: How much stake do promoters hold in Power & Instrumentation (Gujarat) Ltd stock?

A:  Promoters of Power & Instrumentation (Gujarat) Ltd hold 45.70% stake, reflecting strong confidence in the company’s growth potential.

Q: What is the market capitalization of Power & Instrumentation (Gujarat) Ltd?

A:  The market capitalization of Power & Instrumentation (Gujarat) Ltd reflects its current valuation in the stock market based on share price.

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