PIGL Takes Majority Stake in PECL to Boost Growth

An additional 35.82% share in Peaton Electrical Company Limited (PECL) has been acquired by Power & Instrumentation (Gujarat) Limited (PIGL), a prominent operator in the electrical contracting and equipment industry. With this deal, PIGL becomes a subsidiary of PECL and increases its overall stake to 51.06%. In the past, PIGL owned 15.23% of the business.

PECL will invest to increase its manufacturing capacity and function as a preferred supplier for LT panels, bus trunking systems, and compact substations as part of the partnership. By doing this, the business will be able to meet the growing demands of PIGL's projects, strengthening supply chain dependability and facilitating significant infrastructure and industrial advancements.

To ensure company continuity and a seamless transfer, PECL's present promoters will remain in charge of day-to-day management and operations. By expanding its product line, generating operating efficiencies, and establishing a dependable supply chain for infrastructure and industrial projects, the integration supports PIGL's long-term growth strategy.

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Padmaraj Padmnabhan Pillai, Managing Director, PIGL, said “This acquisition marks a pivotal milestone for us. By combining PIGL’s market reach and client network with PECL’s four decades of manufacturing expertise, we are poised to accelerate product development, adopt advanced technologies, and scale up production capacity. Together, we will strengthen our supply chain, capture larger opportunities in the electrical equipment sector, and deliver greater value to stakeholders.”