"Jyoti Structures Bags ₹290 Crore Contract; Stock Surges"

Jyoti Structures Limited has clinched a significant contract from Torrent PowerGrid Limited for the engineering, procurement, and construction (EPC) work of a 400 KV multi-circuit transmission line in Gujarat. The contract, valued at ₹290 crore, is slated for completion within 18 months.

Additionally, the company has secured another notable contract for the design and prototype testing of towers for the 400 kV Double Circuit Oman – UAE Interconnector Project. This contract, worth $1.8 million, is expected to be executed within a timeframe of six months.

These contracts mark significant milestones for Jyoti Structures Limited, underscoring its expertise and capabilities in the field of transmission line infrastructure development. The company's successful bid for these projects is expected to bolster its position in the market and drive future growth opportunities.

HBL