Jyoti Structures Share Price Surges Over 4% on New Order from Adani Energy Solutions

Jyoti Structures Gains Momentum with New Adani Energy Solutions Order

The share price of Jyoti Structures increased by more than 4% on Wednesday, October 23, following the announcement of a significant order win. The company has received a letter of acceptance for a Rs 450.01 crore project from Adani Energy Solutions in Gujarat. This marks another major milestone in Jyoti Structures’ growing portfolio of large-scale projects.

Project Scope and Timeline

The newly awarded project entails a comprehensive scope of work, including the survey, soil investigation, tower supply, foundation, and stringing for a 765 kV DC Bhuj II-Lakadia transmission line. This critical infrastructure project, located in Navinal, Gujarat, is to be delivered on a turnkey basis. The project is scheduled to be completed within 18 months, with the final deadline set for April 2026.

Recent Contract Wins

This latest order adds to a series of substantial wins for Jyoti Structures. In August, the company secured a Rs 106 crore order for the supply of towers for a 765 kV transmission line from a private developer, with a completion timeline of 10 months.

In July, Jyoti Structures bagged another order worth nearly Rs 118 crore from Adani Energy Solutions Ltd. This project involves the construction and partial supply of the 765kV D/C KPS III-AP44 transmission line, slated for completion by October 2025.

Share Price Performance

The share price of Jyoti Structures has been on a remarkable upward trend. The stock has surged 21% in October alone, and year-to-date (YTD), it has gained over 80%. Additionally, the share price is currently trading above its 20, 50, and 200-day moving averages (DMA), with all these averages trending higher in a desirable sequence. 

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