Hydraulic & Electrical Equipment Manufacturer Receives Order Worth Rs 127500000
Company has secured a substantial order worth ₹12.75 crore (excluding GST) from Megha Engineering & Infrastructures Limited, Hyderabad
Jyoti Limited has secured a substantial order worth ₹12.75 crore (excluding GST) from Megha Engineering & Infrastructures Limited, Hyderabad. This order involves the design, manufacturing, testing, supply, and supervision of erection and commissioning of 11 Vertical Turbine Pumps, along with mandatory spares, for the Southern Link Phase-2 and Northern Link Phase-2 projects in Gujarat.
The contract is to be executed within six months from the date of drawing approval and manufacturing clearance by the client.
Jyoti Ltd specializes in hydraulic and electrical products and services, offering a comprehensive range of pumps and EPC pumping systems from concept to commissioning. The company operates through two divisions: the Project Division and the Switchgear Division.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
Earlier, Jyoti Limited's Switchgear Division secured a significant order worth ₹14.94 crore (excluding GST) from Indian Oil Corporation Limited, Panipat. This order, acquired through the Government e-Marketplace (GeM) portal, involves the supply, installation, testing, and commissioning of high-voltage switchgear panels. The project is scheduled for completion by May 4, 2025.
In addition, the company recently bagged two other noteworthy orders: one from Karan Development Services Pvt. Limited for the Handia Barrage project in Madhya Pradesh, and another from Soham Mannapitlu Power Private Limited for refurbishing the Mannapitlu Mini Hydel Plant in Karnataka.
Jyoti Ltd, with a market cap exceeding ₹182.34 crore, has demonstrated robust profit growth, achieving a CAGR of 32.1% over the last five years. Year-to-date, the stock has delivered multibagger returns of 130%, with a staggering 1,760% gain over the past five years.
Investors should keep an eye on this micro-cap stock.
Disclaimer: This article is for informational purposes only and not investment advice.