⚡ At a Glance:
Power & Instrumentation (Gujarat) Ltd (PIGL) has now become the unofficial electrical contractor of Udaipur Airport.
With 3 contracts in 30 days, totaling ₹52.43 Cr, PIGL is literally wiring up the entire terminal — and probably knows more about the blueprint than the architect.
📦 Latest Update – The ₹6.25 Cr Hat-Trick
- 📅 Date of Order: June 5, 2025
- 📍 Client: Nyati Engineering & Construction Pvt Ltd
- 💰 Order Value: ₹6.25 Cr (including GST)
- ⚙️ Scope: Design, supply, installation, testing, commissioning & client handover
- ⏳ Timeline: 6 months
This is the third order received for the same Udaipur Air Terminal project. The full trilogy now looks like:
| Date | Order Value (₹ Cr) | Scope Description |
|---|---|---|
| May 5, 2025 | 21.41 | Electrical Infra + Fit-outs |
| May 21, 2025 | 24.77 | Extended Infra + Support Systems |
| June 5, 2025 | 6.25 | Power Supply System Integration |
| Total | 52.43 | Udaipur Terminal Full Package |
🏗️ PIGL’s Core Mojo
Founded in 1975, PIGL is no rookie. They specialize in EPC for electrical systems — from transformers to UPS to substations to complete electrification.
📊 Key Infra Flex:
- 🛫 35+ airport projects completed
- ⚡ 20,000+ km HT & LT lines laid
- 🏘️ 1 lakh+ BPL homes electrified
- 🔌 Post-install maintenance across sectors
Whether it’s building substations, ELV systems, BMS, lighting, or access control — they do it all, and they do it quietly.
🧾 FY25 Financial Snapshot
| Metric | Value |
|---|---|
| 🧾 Revenue (Standalone) | ₹171.28 Cr |
| 💰 EBITDA | ₹19.59 Cr |
| 📈 Net Profit | ₹11.75 Cr |
This gives them a decent EBITDA margin of ~11.4%, and a net margin of ~6.9% — healthy for an EPC company.
🧠 Management Speak
“Three back-to-back orders in a month shows our client’s confidence in us. We’re proud to be a part of this critical infra project.”
– Mr. Padmaraj Padmanabhan Pillai, MD, PIGL
No fluff. No startup-speak. Just grounded execution energy.
🛫 What’s So Special About Udaipur Terminal?
- It’s a marquee infra project under the government’s UDAN scheme.
- It’s likely to be a future cargo and tourism hub.
- Timely electrification is critical — and PIGL is the one plugging in the future.
🧠 EduInvesting Take
This is a classic case of under-the-radar execution excellence.
While Twitter influencers are yelling about AI token airdrops and hydrogen-powered flying rickshaws, PIGL is busy laying actual power lines and stacking confirmed revenue.
No hype, just wires.
No capex drama, just EPC dhamaal.
🔍 Investment Insight (Not Advice)
PIGL might not be the next multibagger moonshot, but it’s definitely becoming:
- A go-to infra player for niche electrical projects
- A consistent revenue builder with low customer churn
- A classic example of infra compounding in action
And the best part? They migrated to mainboard NSE/BSE in May 2023, improving visibility and governance.
🚨 Risks?
- Too much reliance on gov/infra projects
- Execution risk due to short timelines
- Collections delay (common in infra)
But the repeat order pattern suggests they’re managing just fine.
🔌 Final Word:
| Parameter | Score |
|---|---|
| Infra Execution | ✅ Solid |
| Revenue Quality | ✅ Real |
| Valuation Buzz | 🚫 None |
| Repeat Orders | ✅ Strong |
| Twitter Hype | ❌ Zero |
PIGL doesn’t do marketing. They do megawatts.
Tags: PIGL Udaipur Airport, Power & Instrumentation Gujarat, Infra Stock News, June 2025 Work Orders, Electrical EPC Company India
Date: June 5, 2025
Author: Prashant Marathe
SEO Keywords: PIGL Udaipur Airport Order, Power Instrumentation Gujarat, EPC Infra Contracts June 2025
Meta Description: Power & Instrumentation (Gujarat) Ltd secures its third consecutive work order for Udaipur Air Terminal, taking the total to ₹52.43 Cr. Here’s what it means.
