Ashish Kacholia’s portfolio penny stock under Rs 20: Power transmission company bags new order worth Rs 389.36 crore from Adani Energy Solutions Ltd
An ace investor - Ashish Kacholia owns 1,80,00,000 shares or 2 per cent stake in the company as of December 2024.
Jyoti Structures Limited has been awarded a contract by Adani Energy Solutions Limited for the construction of a 765 kV DC transmission line between Boisar and Pune, Maharashtra. The project, valued at Rs 389.36 crore (including GST), encompasses the supply of towers, survey, soil investigation, foundations, erection, stringing, testing, and commissioning of the line on a turnkey basis. The anticipated completion period for this project is 18 months from the date of the award letter.
Earlier, the company received a Notification of Award from PowerGrid Corporation of India Limited for a project in Khavda, Gujarat. This project, valued at Rs 741.28 crore (including GST), involves the design, detailing, testing, and supply of towers and all line materials, including conductors. The scope of work also covers survey, soil investigation, foundations, erection, stringing, testing, and commissioning of Package 01 of the ± 800 kV HVDC BIPOle Line (Hexa Lapwing) between KPS2 (HVDC) & Nagpur (HVDC) (with Dedicated Metallic Return) on a total turnkey basis. The completion period is 42 months from the Notification of Award. This award from PowerGrid, a Government of India Enterprise, represents the highest value EPC order secured by the company in recent years.
Established in 1974, Jyoti Structures Limited is a leading power transmission company headquartered in Mumbai, India. They specialize in turnkey projects for transmission lines, substations and distribution systems, offering a comprehensive range of services from design and manufacturing to construction globally. Jyoti Structures Limited is one of the few EPC service providers with the capability to execute entire power transmission projects. Jyoti Structures Ltd has a market capitalisation of over Rs 2,400 crore.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Results: The net sales increased by 146 per cent to Rs 137.35 crore while net profit increased by 963 per cent to Rs 11.48 crore in Q3FY25 compared to Q3FY24. In 9MFY25, the net sales increased by 3.31 per cent to Rs 333.13 crore and net profit increased by 60 per cent to Rs 23.63 crore compared to 9MFY24. In its annual results, the net sales increased by 96.9 per cent to Rs 451.38 crore in FY24 compared to Rs 229.23 crore in FY23. The company reported a net profit of Rs 28.86 crore in FY24 compared to a net loss of Rs 4.07 crore in FY23, an increase of 809 per cent.
An ace investor - Ashish Kacholia owns 1,80,00,000 shares or 2 per cent stake in the company as of December 2024. Additionally, Ashish Kacholia’s firm - Bengal Finance & Investment Pvt Ltd owns 1,80,00,000 shares or 2 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.