Shares of this EPC service provider gain after receiving orders worth Rs 237 crore

The contract is to be commissioned in a phased manner by December 2023 and July 2024.

Jyoti Structures is currently trading at Rs 17.50, up by 6.87 per cent from its previous closing of Rs. 17.05 on the BSE. 

The scrip opened at Rs 17.65 and has touched a high and low of Rs 17.85 and Rs 17.50, respectively. So far 51313 shares were traded on the counter. The BSE group 'Z' stock of face value of Rs 2 has touched a 52-week high of Rs 25.95 on February 4, 2022, and a 52-week low of Rs 12.65 on June 24, 2022. The current market cap of the company is Rs 1126.29 crore. The institutions holding in the company stood at 10.43 per cent, while non-institutions held 89.57 per cent. 

Jyoti Structures has secured a contract from Sterlite Power Transmission for a turnkey supply and construction of 400 kV and 220 kV Double Circuit transmission lines in Goa and Karnataka. The contract is valued at Rs 237 crore including GST and is to be commissioned in a phased manner by December 2023 and July 2024. 

Jyoti Structures is an engineering, procurement and construction (EPC) service provider and was incorporated in 1974. The company is engaged in electricity, transmission, distribution and substation. 

JSL offers the advantage of low operating cost, efficient deliveries, and services with respect to EHV Transmission lines, EHV Substations, and Distribution projects. The company is also involved in manufacturing tall antenna towers/masts and railway electrification structures. The EPC projects of the company involve survey, foundation, designing, fabrication, erection, and stringing activities of extra high voltage transmission lines and procurement of major bought-out items, supply of lattice and pipe type structures, civil works, erection, testing, and commissioning of switchyard/substations and distribution networks, both in India and overseas.