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Wed. Oct 23rd, 2024

Jyoti Structures wins Rs 450 crore order from Adani Energy

Jyoti Structures wins Rs 450 crore order from Adani Energy

Jyoti Structures shares rose 5% on Wednesday, October 23, after receiving an order acceptance letter worth ₹450 crore from Adani Energy Solutions in Gujarat.

The scope of work includes turnkey survey, soil survey, supply of supports, foundation, commissioning, erection and stringing of LILO 765 kV DC Transmission Line Bhuj II-Lakadia at Navinal, Gujarat.

The order must be completed within 18 months, by April 2026.

In August, the company received an order worth Rs 106 crore from a prominent private developer to supply towers for a 765 kV transmission line. The order was to be completed within ten months.

In July, the company announced an order worth around Rs 118 crore from Adani Energy Solutions Ltd for the construction and partial supply of 765 kV DC transmission line KPS III-AP44. The order must be completed by October 10, 2025.

Jyoti Structures Limited was established in 1974. The corporation is involved in power generation, transmission, distribution and substations. The registered office of the company is in Mumbai.

At around 3:20 pm, shares of Jyoti Structures were trading 4.97 per cent higher at ₹31.88 from its previous close of ₹30.37 on the NSE. The counter touched an intraday high and low of Rs 31.88 and Rs 30.37 respectively.

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