Power & Instrumentation (Gujarat) Limited Boosts Stake in Peaton Electrical Company Limited
Ahmedabad (Gujarat) [India], September 12: In a big move for the electrical contracting and equipment sector, Power & Instrumentation (Gujarat) Limited (PIGL), listed on NSE as PIGL and BSE as 543912, has sealed a deal to buy an extra 35.82% stake in Peaton Electrical Company Limited (PECL). This acquisition pushes PIGL’s ownership in PECL to 51.06%, turning it into a full-fledged subsidiary. Before this, PIGL already owned 15.23% of the company.
What Does Peaton Electrical Company Limited Do?
PECL stands out in the electrical equipment manufacturing industry, crafting key products like unitised substations, medium-voltage (M.V.) panels, low-voltage (L.V.) panels, bus trunking systems, and compact substations. Their lineup also features auto-synchronising panels, APFCR panels, distribution boards, and M.V. panels rated up to 33 KV. For over 40 years, PECL has delivered these electrical materials to major public sector undertakings, government bodies, semi-government organizations, and big corporate clients. In the fiscal year 2024-25, the company clocked a turnover of ₹36.04 crore.
Why Is This Acquisition a Smart Move?
This partnership sets the stage for exciting collaborations. PIGL and PECL plan to team up on product development, cutting-edge technologies, and a steady supply chain for essentials like LT panels, bus trunking systems, and compact substations. PECL will ramp up its manufacturing capacity to keep pace with PIGL’s rising needs. Plus, PECL’s current promoters will stay at the helm, ensuring smooth operations and no major disruptions.
What’s Next for PIGL’s Growth?
Bringing PECL under its wing as a subsidiary is a game-changer for PIGL’s long-term strategy. It bolsters PIGL’s product portfolio, creates better operational synergies, and builds a dependable supply chain in the electrical equipment sector. With this majority stake, PIGL eyes faster expansion, a wider market footprint, and higher profits for shareholders.
Mr. Padmaraj Padmnabhan Pillai, Managing Director of Power & Instrumentation (Gujarat) Limited, shared his excitement: "This acquisition is a turning point for PIGL. We’re thrilled about the synergies it brings, blending our strong market reach and client network with PECL’s decades of manufacturing expertise and innovation. Together, we’ll speed up product development, embrace new tech, and boost production to tackle demands from public, private, and government projects. As a subsidiary, PECL helps us fortify our offerings, secure a reliable supply chain, and grab bigger opportunities in the electrical sector. This sets us up for steady growth, sharper competitiveness, and real value for everyone involved."
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