Power & Instrumentation (Gujarat) Limited has secured an additional work order worth ₹3.72 crore from Ajmer Vidyut Vitran Nigam under the Revamped Distribution Sector Scheme (RDSS). According to latest reports from Business Standard, this new contract is related to the existing order previously received from the same client for distribution infrastructure development work. The latest contract includes taxes, bringing the total value to ₹38.28 crore. The order, awarded by a domestic entity, is scheduled to be completed within 15 months.
The additional work order involves the supply, erection, installation, testing and commissioning of material and equipment for development of distribution infrastructure work. As reported by Business Standard, the project specifically focuses on segregation of 11 KV mixed feeders at Salumbar Circle of Ajmer Discom in Rajasthan state under the RDSS scheme on a turnkey basis. The project is being executed against AVVNL/RDSS-FS/SLB/TN-165 contract number.
Power & Instrumentation (Gujarat) has clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company also stated that the contract does not fall under related-party transactions. The company engages in the business of Electrical Contract Work and dealing in electrical equipment, positioning it well for infrastructure development projects.
The company's recent financial performance shows strong growth momentum with consolidated net profit jumping 29.2% to ₹3.63 crore on a 6.2% rise in revenue from operations to ₹58.53 crore in Q4 FY26 over Q4 FY25. This demonstrates the company's ability to convert infrastructure contracts into profitable business operations, supporting its continued expansion with Ajmer Vidyut Vitran Nigam and its role in Rajasthan's power distribution infrastructure development.
Shares of Power & Instrumentation (Gujarat) Limited responded positively to the contract announcement, with the stock trading at ₹114.80 on BSE compared to the previous close. The stock demonstrated strong intraday performance, hitting a high of ₹119.35 and low of ₹111.05 during the trading session. The total trading volume reached 8,795 shares across 414 trades, with a net turnover of ₹10.16 lakh. This positive market response reflects investor confidence in the company's continued expansion with Ajmer Vidyut Vitran Nigam and its role in Rajasthan's power distribution infrastructure development.
