Power and Instrumentation (Gujarat) Ltd to Acquire 60% Stake in PECL

Power and Instrumentation (Gujarat) Limited (PIGL) informed the stock exchanges that it is set to significantly expand its footprint in the electrical manufacturing sector by increasing its stake in Peaton Electricals Company Limited (PECL) from 15% to 60%. This strategic move aligns with PIGL’s broader vision of strengthening its position in the industry and driving growth.

PECL, which has recently secured a prestigious license from Siemens to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards, has demonstrated its technological prowess and operational excellence. This license enhances PECL’s capabilities and enables the company to offer high-quality electrical solutions in response to growing market demand.

By acquiring a majority stake in PECL, PIGL aims to unlock synergies that will boost its manufacturing capabilities and expand its product offerings. The addition of Siemens-certified products further elevates PIGL’s status in the market, positioning the company as a leader in cutting-edge electrical solutions.

This acquisition is expected to create substantial value for PIGL’s stakeholders while reinforcing the company’s commitment to driving innovation and strengthening its leadership in the electrical equipment sector.

Commenting on the development, the Managing Director of Power & Instrumentation (Gujarat) Limited, Mr Padmaraj Padmnabhan Pillai, said, “This planned acquisition marks an important step for us. By increasing our stake in Peaton Electricals Company Limited, we aim to combine PIGL’s extensive market experience and operational expertise with PECL’s strong capabilities, bolstered by the Siemens certification to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards.”

He further added, “This certification highlights the superior quality and reliability of the solutions we will offer together. The synergy between our companies will enable us to optimise resources, expand our product portfolio, and drive innovation, ultimately positioning us to deliver enhanced value to our customers and stakeholders in the future.”

On December 24, 2024, Power and Instrumentation (Gujarat) share price opened at ₹326.55, touching the day’s low at ₹326.55, as of 10:14 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.