Power & Instrumentation Gujarat Ltd receives order from Ahmedabad Airport

Power & Instrumentation Gujarat Ltd have received Letter of Award (LOA) for development of Substation for Terminal 2 at Sardar Vallabhbhai International Airport, Ahmedabad ("Airport") from Ahmedabad International Airport Ltd, Ahmedabad (Adani Group).

The order value is INR 20,93,26,922 (Rupees Twenty Crores, Ninety-Three Lakhs, TwentySix Thousand, Nine-Hundred and Twenty-Two only), includes all the applicable taxes and duties including GST @ 18% (Excluding Labor cess @1%) for the development of the Project.

The project should be completed within 4 months from the effective date i.e. 7th May, 2024.

Shares of Power & Instrumentation (Gujarat) Limited was last trading in BSE at Rs. 73.58 as compared to the previous close of Rs. 73.89. The total number of shares traded during the day was 1601 in over 6 trades.

The stock hit an intraday high of Rs. 73.89 and intraday low of 73.58. The net turnover during the day was Rs. 118091.00.

Source : Equity Bulls

Keywords

PowerandInstrumentationGujarat INE557Z01018 PIGL OrderWin AhmedabadAirport