Power and Instrumentation (Gujarat) Ltd
Order Bagging of Rs. 2.61 cr by the Company
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 29 Apr 2026, 06:50 PM IST · BSE ID: c391f162-96d6-4a90-af17-4cf653095ad7
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won additional electrical system orders worth Rs. 2.61 Crore for Udaipur airport from a contractor, bringing total project value to Rs. 60.51 Crore.
🤖 AI Summary
- Power & Instrumentation received Rs. 2,61,92,342 work orders for Udaipur Air Terminal electrical systems
- Nyati Engineering & Consultants awarded domestic contract for design, supply, installation and commissioning
- Aggregate contract value now stands at Rs. 60.51 Crore including GST across all phases
- Execution timeline 4-8 weeks from General Arrangement drawing approval for supply and installation
- No promoter interest in awarding entity; not a related party transaction
🔢 Key Numbers — exact figures from BSE filing, not rounded
Current order value (including GST)
Rs. 2,61,92,342
Aggregate contract value to date
Rs. 60.51 Crore
Execution timeline
4-8 weeks from General Arrangement drawing approval
🏢 How This Affects the Company
Incremental order expands Udaipur Air Terminal pipeline by Rs. 2.61 Crore (including GST). Aggregate project contract now at Rs. 60.51 Crore strengthens project execution visibility and supports revenue growth trajectory in electrical systems segment.
Order adds Rs. 2,61,92,342 to backlog. Execution within 4-8 weeks indicates near-term revenue recognition. Aggregate Rs. 60.51 Crore contract provides cash inflow certainty tied to project milestones.
Project scope includes design, supply, installation, testing, commissioning and client handover. 4-8 week execution window requires coordinated supply chain and installation teams for power supply system completion at Udaipur terminal.
No promoter conflicts or related party risks identified. Domestic contract with established client reduces execution risk. Project completion dependency on General Arrangement drawing approval remains critical path item.
👥 What This Means For Shareholders
✅
Action Required
No action required. Monitor Q4 FY26 results announcement for revenue recognition from this contract phase.
👤
Who Is Affected
All equity shareholders benefit from expanded backlog visibility. Order adds Rs. 2,61,92,342 to contract pipeline, improving working capital and cash flow predictability.
🔍
Management Signal
Management continues executing on Udaipur Air Terminal contract phases. Repeat orders from same contractor indicate stable project relationship and successful delivery performance on prior phases.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q4 FY26 results — check revenue recognition from Udaipur Air Terminal electrical systems contract phases
General Arrangement drawing approval date — confirms critical path trigger for 4-8 week execution clock
Project handover completion — track timeline adherence and customer acceptance for power supply system
LOW RISK
Domestic contract with no promoter conflicts. Repeat orders from same client indicate proven execution capability. Primary risk is compressed 4-8 week execution timeline.
💡 Investor Takeaway
Power & Instrumentation received Rs. 2,61,92,342 (including GST) in additional orders for Udaipur Air Terminal, bringing aggregate contract value to Rs. 60.51 Crore. Order is domestic, non-related party, with 4-8 week execution timeline from drawing approval. No promoter conflicts identified.
⚖️ Strengths & Concerns
✅ Positives
- Aggregate Rs. 60.51 Crore contract value provides substantial pipeline visibility and revenue certainty for medium-term
- Domestic order from established contractor eliminates forex and geopolitical execution risks common in international projects
⚠️ Concerns
- Compressed 4-8 week execution timeline demands rapid supply chain mobilization and on-site coordination for power systems
- Specification completion tied to General Arrangement drawing approval — delays in approvals directly impact project timeline
📅 Company Track Record
Company received Rs. 11.72 Crore order from Ajmer Vidyut Vitran Nigam on 25-Mar-2026 for rural electrification with 12-month timeline. Current Udaipur Air Terminal project represents continuation of earlier orders intimated 5th and 22nd July 2025, now aggregating to Rs. 60.51 Crore.
Based on publicly available historical data. For context only.