Jyoti Structures Bags Orders Worth ₹949.35 Crore from Power Grid Corp
Jyoti Structures Limited secured new orders worth ₹949.35 Crores (excluding GST) from Power Grid Corporation of India Limited. The projects involve transmission lines with a completion period of 38 months from the Notification of Award.
The value of the orders (₹949.35 Crores) is substantial and represents a significant business win for the company, likely impacting its future revenue and growth.
The company has received significant new orders, which is a positive development for its business.
Jyoti Structures Limited has announced the receipt of Notifications of Award (NOA) from Power Grid Corporation of India Limited for new projects. The orders are for the ±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines, encompassing packages TL01 & TL02.
The scope of work includes the supply, erection, testing, and commissioning of the ±800 kV HVDC transmission lines on a total turnkey basis. The total value of these orders is ₹949.35 Crores, excluding GST, with Lot 1 valued at ₹474.85 Crores and Lot 2 at ₹474.50 Crores.
The completion period for these projects is 38 months from the date of the NOA. The company has confirmed that none of its promoters, promoter group, or group companies have any interest in the entity that awarded the order, and these transactions do not fall under related party transactions.
What to do with a filing like this
Jyoti Structures Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Jyoti Structures Limited. Read the original for the full detail.