Power and Instrumentation (Gujarat) saw its shares rise by 2.40 per cent to Rs 115 following the announcement of a work order from Nyati Engineering & Construction valued at Rs 25.9 million.

The order covers the design, supply, installation, testing and commissioning of ELV raceways and cable tray work at Udaipur Air Terminal in Rajasthan. The project is scheduled for completion within six months from the contract’s effective date.

With this latest award, the total cumulative value of work orders for the Udaipur Air Terminal project now stands at Rs 563.6 million.

The promoter, promoter group, and group companies have no interest in Nyati Engineering & Construction, confirming that this order does not qualify as a related party transaction.

Power and Instrumentation (Gujarat) specialises in electrical contract work and the supply of electrical equipment.

In the fourth quarter of FY25, the company reported a consolidated net profit of Rs 28.1 million, up 4.9 per cent, on a 49.2 per cent rise in revenue from operations to Rs 550.9 million compared to the same period in FY24.