Shares of Jyoti Structures Ltd hit the 10% upper limit on Friday, 24 January, after the engineering company announced securing an order worth Rs 741 crore. 

In its regulatory filing, the company said that they have received a Notification of Award (NoA) from Power Grid Corporation of India for a total consideration of Rs 741.28 crore in Khada, Gujarat. 
 
The order states that Jyoti Structures will design, detail, test, and supply towers and all line materials, including conductor, survey, soil investigation, foundations, erection, stringing, testing, and commissioning, on a turnkey basis for package 01 of the ± 800 kV HVDC Bipole Line (Hexa Lapwing) between KPS2 (HVDC) & Nagpur (HVDC) (with Dedicated Metallic Return).

The company estimates that the project will be completed 42 months from the notice of the grant.

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

Jyoti Structures specializes in constructing infrastructure that enables the transmission of higher-voltage electrical power. 

From designing and testing to manufacturing, installing, and commissioning transmission lines, substations, and power distribution networks in India and outside, the company oversees turnkey projects that cover the whole lifetime. Its speciality is offering complete solutions. 

At 12:33 pm, the shares of Jyoti Structures were locked 9.97% higher at Rs 24.81 on NSE.

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