Intimation regarding receipt of order from Rajasthan Rajya Vidyut Prasaran Nigam Limited
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Josts Engineering Company Ltd, in a 50:50 joint venture with Kay Cee Energy & Infra Limited, has received a Letter of Award from Rajasthan Rajya Vidyut Prasaran Nigam Limited, a state government-owned power transmission entity. The turnkey contract involves construction of 35 nos. 33 KV RDSS Bays along with 8 nos. 33 KV Bus Extension at various Grid Sub-Stations under three Transmission & Construction circles. Total contract value is Rs. 16.01 crore (inclusive of GST), meaning Jost's effective share is around Rs. 8 crore. The project must be completed within 10 months from the date of letter of acceptance.
This is a fresh order from a state-owned PSU that adds to the company's order book and provides near-term revenue visibility over the next 10 months. For a small company, an ~Rs. 8 crore share in a government-backed turnkey contract is a positive, low-credit-risk addition, though the magnitude relative to overall revenue will determine any meaningful stock reaction.