Power and Instrumentation Secures Large Work Order from Ajmer Vidyut for Distribution Infrastructure Development
Power and Instrumentation (Gujarat) Ltd has received a substantial contract award worth over Rs 38 crore from Ajmer Vidyut Vitran Nigam Limited (AVVNL). The order pertains to the Supply, Erection, Installation, Testing, and Commissioning of Material/Equipment required for developing Distribution Infrastructure within Rajasthan.The company secured an additional work order valued at Rs 3,72,38,087 (including taxes) from AVVNL. This addition relates to the infrastructure development project at Salumbar Circle of Ajmer Discom. The total value specified in the contract is Rs 38,28,38,087 (including taxes).
The project involves turnkey execution against document number AVVNL/RDSS-FS/SLB/TN-165 and falls under the RDSS scheme.
Key details regarding this domestic contract awarded by Ajmer Vidyut Vitran Nigam Limited include:
| Particulars | Details |
|---|---|
| Awarding Entity | Ajmer Vidyut Vitran Nigam Limited |
| Nature of Work | Supply, Erection, Installation, Testing and Commissioning of Material/Equipment for development of Distribution Infrastructure work for segregation of 11 KV mixed feeders at Salumbar Circle of Ajmer Discom in Rajasthan state. |
| Order Size (Additional) | Rs 3,72,38,087 (Including taxes) |
| Total Contract Consideration | Rs 38,28,38,087 (Including taxes) |
| Execution Period | 15 Months |
The order was confirmed by AVVNL and represents a domestic contract. The company has no interest in the awarding entity, and the transaction will not fall under related party transactions.
PIGL Stock Price Movement
Shares of Power & Instrumentation (Gujarat) Limited today slipped by 1.09% to settle at ₹114.47. The stock traded within a range of ₹111.01 and ₹117.46, with 102,224 shares recorded in volume today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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