Power & Instrumentation (Gujarat) (PIGL) is set to enhance its growth trajectory by increasing its shareholding in Peaton Electricals Company (PECL) from 15% to a 60%. This strategic move aligns with PIGL's vision to strengthen its position in the electrical manufacturing sector. PECL has recently secured a prestigious license from Siemens to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards. This achievement highlights PECL’s technological capabilities and operational excellence, enabling it to meet the growing demand for high-quality electrical solutions.
By acquiring a majority stake in PECL, PIGL is poised to unlock significant synergies. The collaboration is expected to enhance PIGL’s manufacturing capabilities, expand its product portfolio, and tap into a broader market base. The addition of Siemens-certified products is anticipated to elevate the company's reputation as a provider of cutting-edge electrical solutions. This acquisition is a strategic step forward for PIGL, promising value creation for stakeholders and reinforcing its position as a key player in the electrical equipment sector.
Power & Instrumentation (Gujarat) is engaged in providing a wide range of contracting based services in the field of Electrical, Mechanical and Instrumentation Engineering. The company has been providing the clients with complete turnkey solutions from concept to commissioning which includes design, procurement, installation, testing & commissioning and maintenance of the system.
Company Name | CMP |
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Larsen & Toubro | 3642.30 |
Rail Vikas Nigam | 428.55 |
NCC | 283.20 |
KEC International | 1180.85 |
Kalpataru Projects | 1264.65 |
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