JYOTI, an established name in the engineering and industrial sectors, has received a Letter of Award (LOA) worth around 40 crores (excluding GST) for a major project in Madhya Pradesh.
The Handia Barrage Hydro Electric Project contract covers the design, manufacturing, supply, installation, testing, and commissioning of electro-mechanical works. Installing five 5000 KW hydropower units with a 10% capacity increase is part of the project, which is situated in the state of Madhya Pradesh and will help the area’s renewable energy infrastructure grow.
The project has been awarded by Karan Development Services Pvt. Ltd., a domestic entity based in Gwalior, Madhya Pradesh. The conditions of the contract are stated in the LOA, which includes provisions for packing, forwarding, freight and insurance. One of the, forwarding, freight and insurance. One of the agreement’s important features is a guarantee duration of 60 months from the date of commissioning, which ensures long-term operating reliability.
This project is projected to be completed by January 23, 2027, with a total order value of roughly 40 crores (excluding GST). This project will play an important role in improving the state’s energy generating capacity, promoting sustainable development, and satisfying the growing demand for clean energy.
