Jyoti Structures Share Price Hits Upper Circuit: Here’s Why

Jyoti Structures’ share price surged by 9.96% on January 24, 2025, hitting the upper circuit at ₹24.72. The spike followed the announcement of a significant project win, bolstering investor confidence and driving strong market activity.

₹741.28 Crore Project in Gujarat: Key Details

The company received a Notification of Award (NoA) from Power Grid Corporation of India for a ₹741.28 crore project in Khavda, Gujarat. The project involves establishing a ±800 kV HVDC Bipole Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC) with a Dedicated Metallic Return.

Jyoti Structures will manage the project on a total turnkey basis, overseeing:

• Design, detailing, and testing
• Supply of towers and line materials
• Survey, soil investigation, and foundation work
• Erection, stringing, and commissioning

The project is expected to be completed in 42 months, reflecting the company’s capability to handle complex, large-scale assignments.

Financial Performance: September Quarter Highlights

For the September quarter, Jyoti Structures reported:

• A 3.07% increase in total income to ₹41.63 crore compared to ₹40.39 crore in the same period last year.
• A net profit of ₹1.53 crore, showcasing steady operational performance.

Building India’s Power Infrastructure

Jyoti Structures plays a critical role in India’s power transmission landscape. The company specialises in delivering turnkey solutions for transmission lines, substations, and distribution networks, supporting the nation’s energy needs.

Its infrastructure ensures the efficient delivery of extra-high-voltage power to consumers across various sectors, including residential, industrial, agricultural, and commercial.

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