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Jyoti Structures Secures ₹389 Crore Project from Adani Energy

Written by: Team Angel OneUpdated on: Feb 25, 2025, 4:05 PM IST
Jyoti Structures won a ₹389.36 crore order from Adani Energy for a 765 kV DC transmission line between Boisar II and Pune III, set for completion in 18 months.
Jyoti Structures Secures ₹389 Crore Project from Adani Energy
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Jyoti Structures Limited has received an order worth ₹389.36 crore from Adani Energy Solutions Limited. The contract covers the supply of towers, survey, soil investigation, foundation work, erection, stringing, testing, and commissioning of the 765 kV DC transmission line between Boisar II and Pune III.

The project is to be completed within 18 months from LOA awarded date.

Order Details

According to Jyoti Structures’ exchange filing, the order includes a full turnkey execution. The company will handle everything from supply to installation and commissioning. The project is scheduled for completion in a year and a half from the date of the award.

Company’s Existing Order Book

Before this order, Jyoti Structures had an order backlog of approximately ₹2,000 crore. This includes a ₹741 crore contract for an 800 kV High Voltage Direct Current (HVDC) project from Power Grid Corporation of India Limited.

In October 2024, the company secured another order from Adani Energy Solutions worth ₹450 crore for a transmission line project in Gujarat. That project is expected to be completed by April 2026.

In August 2024, it received a ₹106 crore order for tower supply for a 765 kV transmission line, with a 10-month deadline. Another ₹118 crore order was awarded in July 2024 for the construction and part supply of a 765 kV transmission line.

Manufacturing Expansion 

To meet growing demand, Jyoti Structures is restarting its second tower manufacturing unit in Nasik by March 2025, adding 33,000 MT of capacity to its existing 36,000 MT. It is also considering resuming operations at its Raipur unit, which has a 40,000 MT annual capacity.

The company is also planning a ₹500 crore rights issue, announced in November 2024. Further details, including the pricing and record date, are yet to be disclosed.

Stock Performance 

On February 25, 2025, Jyoti Structures’ share price fell 2.4% to ₹16.91 at 12 PM, continuing a five-day losing streak. The stock has dropped 35.70% over the past six months and 25.75% in the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 25, 2025, 4:05 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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