Power & Instrumentation Gujarat Ltd wins arbitration of ₹4.09 Cr

Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), The company has received a favourable Arbitration Award amounting to ₹4.09 Cr along with interest at 18% per annum from September 15, 2025 until the date of actual payment.

The order was issued on 15 September 2025 by the Honourable Arbitral Tribunal under the provisions of the Arbitration and Conciliation Act, 1996, in the matter of Power & Instrumentation (Gujarat) Limited v/s Chennai Port Trust, Chennai. The case relates to the agreement dated March 21, 2014 for providing power supply arrangements for the Navy at Madhusudan Jetty in Chennai Port Trust.

This ruling marks a significant development in PIGL's long-standing claim, reaffirming the company's contractual rights and recognising its execution of specialised electrical infrastructure work. The Tribunal's decision not only secures rightful compensation for PIGL but also reinforces the importance of accountability in large-scale infrastructure projects.

With this favourable outcome, PIGL continues to reinforce its reputation as a reliable partner in delivering high-value electrical contracting and infrastructure solutions while safeguarding its interests through due legal process.

Shares of Power & Instrumentation (Gujarat) Limited was last trading in BSE at Rs. 168.80 as compared to the previous close of Rs. 162.90. The total number of shares traded during the day was 17978 in over 176 trades.

The stock hit an intraday high of Rs. 170.00 and intraday low of 158.00. The net turnover during the day was Rs. 2955109.00.

Source : Equity Bulls

Keywords

PowerandInstrumentationGujarat INE557Z01018 PIGL ArbitrationAward