{"id":34643,"date":"2024-12-24T10:44:58","date_gmt":"2024-12-24T05:14:58","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2024\/12\/24\/pigls-move-to-acquire-peaton-electricals-enhancing-product-portfolio-with-siemens-certification\/"},"modified":"2024-12-24T10:44:58","modified_gmt":"2024-12-24T05:14:58","slug":"pigls-move-to-acquire-peaton-electricals-enhancing-product-portfolio-with-siemens-certification","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2024\/12\/24\/pigls-move-to-acquire-peaton-electricals-enhancing-product-portfolio-with-siemens-certification\/","title":{"rendered":"PIGL\u2019s Move To Acquire Peaton Electricals Enhancing Product Portfolio With Siemens Certification"},"content":{"rendered":"<div>\n<div>\n<p><span data-sheets-root=\"1\"><strong>Mumbai (Maharashtra) [India], December 23<\/strong>: <\/span>Power &amp; Instrumentation (Gujarat) Limited, (NSE \u2013 PIGL, BSE \u2013 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\u2019s vision to strengthen its position in the electrical manufacturing sector.<\/p>\n<p>PECL has recently secured a prestigious license from Siemens to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards. This achievement highlights PECL\u2019s technological capabilities and operational excellence, enabling it to meet the growing demand for high-quality electrical solutions.<\/p>\n<p>By acquiring a majority stake in PECL, PIGL is poised to unlock significant synergies. The collaboration is expected to enhance PIGL\u2019s 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\u2019s reputation as a provider of cutting-edge electrical solutions.<\/p>\n<p>This acquisition is a strategic step forward for PIGL, promising value creation for stakeholders and reinforcing its position as a\u00a0key\u00a0player in the electrical equipment sector.<\/p>\n<p>Commenting on the update, Mr. Padmaraj Padmnabhan Pillai, Managing Director, Power &amp; Instrumentation (Gujarat) Limited said, \u201cThis planned acquisition marks an important step for us. By increasing our stake in Peaton Electricals Company Limited, we aim to combine PIGL\u2019s extensive market experience and operational expertise with PECL\u2019s strong capabilities, bolstered by the Siemens certification to manufacture, assemble, and sell SIEPAN 8PU low-voltage switchboards.<\/p>\n<p>This certification highlights the superior quality and reliability of the solutions we will offer together. The synergy between our companies will enable us to optimize resources, expand our product portfolio, and drive innovation, ultimately positioning us to deliver enhanced value to our customers and stakeholders in the future\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], December 23: Power &amp; Instrumentation (Gujarat) Limited, (NSE \u2013 PIGL, BSE \u2013 543912), one of the leading players in the electrical contracting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-34643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/34643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=34643"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/34643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/34644"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=34643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=34643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=34643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}