Jyoti Structures shares jump 10% on landmark Rs 741 crore PowerGrid project award

Shares of Jyoti Structures Limited surged by nearly 10% on Friday, January 24, 2025, following the announcement of a major project win from PowerGrid Corporation of India Limited. This marks a significant achievement for the power transmission and infrastructure company, with the project being its highest-value EPC (Engineering, Procurement, and Construction) order in recent years.

As of 9:17 am the shares were trading 9.97% higher at ₹24.81 on NSE.

Project Highlights:

• Location: Khavda, Gujarat
• Scope of Work:
  • Design, detailing, and testing of towers.
  • Supply of all line materials, including conductors.
  • Survey and soil investigation.
  • Foundations, erection, and stringing.
  • Testing and commissioning of Package 01 of the ±800 kV HVDC Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) with a dedicated metallic return.
• Project Value: Rs. 741.28 crore (inclusive of GST).
• Completion Period: 42 months from the date of the Notification of Award.

This project win not only reflects the company’s expertise in handling complex power infrastructure projects but also significantly enhances its order book. Investors reacted positively to the news, driving the stock to a 10% gain during Friday’s trading session.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.