Jyoti Structures has announced a significant achievement by securing a contract valued at Rs 67.96 crore for the Mullikulam Wind Power Transmission Project in Sri Lanka. The contract, executed in a joint venture with Fentons, involves constructing a 28km long, 220kV double circuit transmission line from Mannar GS to Mullikulam Collector Grid Substation.
The project, awarded by National Transmission Network Service Provider (Private) Limited, is expected to be completed within 18 months. The contract value is based on an exchange rate of 1 USD = ₹95.14 and 1 LKR = ₹0.29.
Importantly, none of the promoter or promoter group companies have any interest in the awarding entity, ensuring that the order does not fall within the scope of related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).