Power & Instrumentation (Gujarat) Limited (NSE: PIGL, BSE: 543912) has announced a significant move to enhance its position in the electrical manufacturing industry by increasing its stake in Peaton Electricals Company Limited (PECL) from 15% to 60%. This strategic acquisition is set to unlock growth opportunities and expand PIGL’s product offerings.

PECL, which recently secured a prestigious Siemens license for the manufacturing, assembly, and sale of SIEPAN 8PU low-voltage switchboards, stands as a testament to its technological expertise and operational excellence. The Siemens certification solidifies PECL’s reputation for delivering high-quality electrical solutions.

The increased shareholding will enable PIGL to harness synergies with PECL, boosting manufacturing capacity, diversifying its product portfolio, and extending its market reach. The addition of Siemens-certified products is anticipated to strengthen PIGL’s brand as a leading innovator in electrical equipment.

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Commenting on the acquisition, Mr. Padmaraj Padmnabhan Pillai, Managing Director of PIGL, stated:
“This planned acquisition marks a pivotal step for us. By combining our market expertise with PECL’s capabilities, enhanced by Siemens certification, we are poised to offer superior, reliable solutions. This collaboration reinforces our commitment to driving innovation and delivering exceptional value to our stakeholders.”

This acquisition aligns with PIGL’s long-term vision to position itself as a key player in the global electrical equipment industry.