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Power & Instrumental (Gujarat) Gets Additional Orders for Udaipur Airport Project

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-- Power & Instrumental (Gujarat) (NSE:PIGL, BOM:543912) has received two additional work orders worth 26.2 million Indian rupees for the Udaipur Air Terminal project, according to a Wednesday filing on Indian bourses.

Shares of the company fell nearly 2% in Thursday's trade.

The scope includes design, supply, installation, testing and commissioning of electrical systems, the filing said. The orders are to be executed within 4 to 8 weeks from approval of drawings, it added.

With this, the total order value for the project has increased to about 605.1 million rupees, the company said in the filing.

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