Shares of Jyoti Structures the upper circuit on securing an order from Adani Energy Solutions

Jyoti Structures Limited has secured a contract from Adani Energy Solutions Limited (formerly Adani Transmission Ltd.) valued at Rs 117.74 crore for the construction and partial supply of a 765 kV D/C transmission line. This project, located in Gujarat under the Khavda Phase IV-Part A initiative, involves building approximately 111 kilometers of the KPSIII-AP44 transmission line. Jyoti Structures will be responsible for both construction and supplying some of the materials required for the project. The completion deadline for this domestic project is set for October 31st, 2025. This win strengthens Jyoti Structures’ position in the construction of high-voltage power transmission lines.

The company boasts a proven track record of delivering high-quality transmission projects, contributing significantly to the nation’s growing energy needs. The successful completion of this project will further strengthen the national grid infrastructure and pave the way for future power transmission advancements.

Share Price Movement

Jyoti Structures Ltd. (JYOTISTRUC) is currently trading at Rs 27.07, reflecting a positive gain of Rs 1.28 (or 4.96%) compared to yesterday’s closing price of Rs 25.79. The stock reached a new 52-week high of Rs 27.07 today, surpassing its previous high. This strong performance comes after the company likely secured a role in a major Adani Energy Solutions project. It’s important to note that the stock is currently trading at its upper price band of Rs 27.07, indicating there may be limited room for further upward movement in the short term. The lower price band sits at Rs 24.51, so there’s still potential for some downward movement as well.

About Company

Jyoti Structures Limited (JSL) was established in 1974 as a private limited company. It began commercial operations in 1979 and was later bought by Tata Exports for power supply. JSL is a solution provider in high-voltage power transmission lines and substations. The company operates in 40 countries and provides services such as design, engineering consulting, tower testing, manufacturing, construction, and project management. JSL has a combined capacity of 76,000 MT of transmission line towers and owns a domestic tower testing station in Ghoti, Igatpuri. The company has subsidiaries and a joint venture with Gulf Investment Corporation to form Gulf Jyoti International LLC.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.