.jpg)
PIGL’s Move To Acquire Peaton Electricals Enhancing Product Portfolio With Siemens Certification
Mumbai (Maharashtra) [India], December 23: Power & Instrumentation (Gujarat) Limited, (NSE – PIGL, BSE – 543912), one of the leading players in the electrical contracting and equipment industry, is set to enhance its growth trajectory by increasing its shareholding in Peaton Electricals Company Limited (PECL) from 15% to a 60%. This strategic move aligns with [...]
Mumbai (Maharashtra) [India], December 23: Power & Instrumentation (Gujarat) Limited, (NSE – PIGL, BSE – 543912), one of the leading players in the electrical contracting and equipment industry, is set to enhance its growth trajectory by increasing its shareholding in Peaton Electricals Company Limited (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.
