Jyoti Structures shares gained 5% on Wednesday, October 23, after the company said it received a letter of acceptance for an order worth ₹450 crore from Adani Energy Solutions in Gujarat.
The scope of work includes the survey, soil investigation, supply of towers, fonundation, commissioning, putting up and stringing of LILO of 765 kV DC Bhuj II-Lakadia transmission line at Navinal, Gujarat on a turnkey basis.
The order is to be completed within 18 months, by April 2026.
In August, the company received an order worth ₹106 crore for the supply of towers for a 765 kV Transmission Line from a leading private developer. The order was to be completed within 10 months.
In July, the company said it had secured an order worth nearly ₹118 crore from Adani Energy Solutions Ltd for the construction and part supply of the 765kV D/C KPS III-AP44 Transmission Line. The order is to be completed by October 10, 2025.
Jyoti Structures shares were trading 4.91% higher at ₹31.86 apiece around 10.19 am on Wedesday, October 23. The stock has gained 70.66% this year, so far.
Content retrieved from: https://www.cnbctv18.com/market/jyoti-structures-share-price-bags-order-transmission-line-adani-energy-solutions-stock-reaction-19497374.htm.
