Jyoti Structures secures ₹290 crore contract; stock surges

Madhu Balaji Updated - February 07, 2024 at 11:53 AM.

Jyoti Structures wins ₹290 crore Gujarat transmission line contract, $1.8 million Oman-UAE tower project; stock rises 4.95%

Jyoti Structures Limited has received an order from Torrent PowerGrid Limited for EPC work of 400 KV multi-circuit transmission line in Gujarat. The contract is valued at ₹290 crore and is to be executed in 18 months.

In addition, the company has also secured a contract for design and prototype testing of towers for the 400 kV Double Circuit Oman – UAE Interconnector Project. The contract, valued at $1.8 million, is to executed in six months.

Jyoti Structures stock traded at ₹32.85 on the NSE, higher by 4.95 per cent as of 11.17 am on Wednesday.

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Published on February 7, 2024 06:23
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