PIGL Secures ₹4.09 Cr Arbitration Award from Chennai Port Trust

Power & Instrumentation (Gujarat) Limited (PIGL), a leading electrical contracting and EPC solutions provider, has achieved a significant legal victory, receiving a favourable arbitration award of ₹4.09 Cr along with interest at 18% per annum from September 15, 2025, until the actual date of payment. This award was issued by the Honourable Arbitral Tribunal under the Arbitration and Conciliation Act, 1996, in the matter of PIGL versus Chennai Port Trust, Chennai.

Background of the Arbitration

The dispute pertains to an agreement dated March 21, 2014, under which PIGL was responsible for providing power supply arrangements for the Navy at Madhusudan Jetty, Chennai Port Trust. The arbitration award recognises the company’s rights under the contract and affirms its execution of specialised electrical infrastructure work, highlighting the importance of accountability in large-scale projects.

Significance of the Ruling

The ruling secures rightful compensation for PIGL and reinforces the company’s standing as a reliable and competent player in the electrical contracting and infrastructure sector. The award and interest reflect the value of timely contractual compliance and legal recourse in complex infrastructure projects.

About Power & Instrumentation (Gujarat) Limited

Founded in 1975, PIGL has emerged as a leading EPC solutions provider specialising in electrical engineering projects across the transmission and distribution sector. The company provides comprehensive services including designing, supplying, installing, and maintaining energy-efficient power systems across industrial, commercial, and governmental sectors.

PIGL has successfully completed over 35 airport projects, electrified more than 1,00,000 BPL households, and laid over 20,000 km of HT and LT lines. Its services cover the full spectrum of electrical infrastructure, including indoor and outdoor substations, UPS systems, power distribution panels, lighting solutions, access control systems, firefighting, ELV works, and building management systems.

Financial Performance and Stock Listing

In FY25, PIGL reported Standalone Total Income of ₹171.28 Cr, EBITDA of ₹19.59 Cr, and Net Profit of ₹11.75 Cr. The company successfully migrated to the main boards of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in May 2023, marking an important milestone in its growth journey.

Strategic Implications

The arbitration award strengthens PIGL’s financial position, ensures enforcement of its contractual rights, and underlines its commitment to high-quality project execution. It also enhances the company’s credibility in securing and executing complex infrastructure contracts.

Conclusion

With this favourable outcome, Power & Instrumentation (Gujarat) Limited continues to reinforce its reputation as a trusted partner in electrical contracting and EPC solutions. The award from Chennai Port Trust demonstrates the company’s dedication to safeguarding its interests through due legal process while maintaining excellence in project execution.

Forward-looking Statements Disclaimer

Certain statements in this announcement are forward-looking and subject to risks, uncertainties, and external factors that may cause actual results to differ. The company assumes no obligation to update such statements publicly in light of future events.

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