Jyoti Structures shares soar 10% on bagging project from PowerGrid Corporation; check details

Shares of the infrastructure firm were trading at ₹24.72 apiece, up 9.96% on the BSE at 9:30 am.

On Thursday, the company received a notification of an award for a project worth ₹741.28 crore from PowerGrid Corporation of India. The project involves the design, detailing, testing, and supply of towers and all line materials, as well as the commissioning of Package 01 of the ± 800 kV HVDC Bipole Line between KPS2 (HVDC) and Nagpur (HVDC) on a total turnkey basis.

The project, located at Gujarat’s Khavda, is expected to be completed in 42 months from the date of notification of award.

“The award of the above package from PowerGrid Corporation of India Limited, a Government of India Enterprise, is the highest value EPC order secured by the company in recent years,” the company said in a statement.

EPC stands for engineering, procurement, and construction.

The scrip closed at ₹22.48 on Thursday. The company has a market capitalisation of ₹2,227.60 crore.

The infrastructure firm reported a 3.07% rise in its total income at ₹41.63 crore during the September quarter. The company had reported revenue of ₹40.39 crore during the same period last year. The profit stood at ₹1.53 crore during the quarter.

From the initial design phase to the final commissioning, the company offers innovative and comprehensive solutions to transform projects into competitive, sustainable infrastructure.