Power and Instrumentation Wins Rs. 68.22 Crore Rajasthan Distribution Project
Power and Instrumentation (Gujarat) Limited has secured a significant contract worth Rs. 68.22 crore. The company will develop distribution infrastructure in Rajasthan's Dungarpur Circle, under the Rajasthan Discom Scheme for Sustainable Transformation (RDSS).
The project, awarded by Ajmer Vidyut Vitran Nigam Limited, involves the segregation of 11 KV mixed feeders. It is set to be completed within 15 months. This win comes as a boost for the company, with its shares surging to a 5 percent upper circuit upon receiving the work order. The shares touched a high of Rs. 175.40 per share, reflecting investors' confidence in the company's capabilities.
Power and Instrumentation (Gujarat) Limited's latest contract is expected to enhance its revenue and strengthen its position in the distribution sector. The company's share price reaction indicates positive market sentiment towards this development.
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