Recepit of letter of Intent (LOI)
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JSL Industries' Instrument Transformer Division has received a Letter of Intent valued at Rs. 2.91 Crores (excluding GST) from Gujarat Energy Transmission Corporation Limited (GETCO), a Gujarat state government-owned power transmission PSU. The order is for the supply of 66KV Class Current Transformers and Potential Transformers (CT/PT), to be executed by September 30, 2026. Pricing includes packing, forwarding, freight, and insurance, with GST extra. The product carries a 60-month guarantee backed by a bank guarantee. The order is fully domestic and not a related party transaction. Promoters have no interest in GETCO.
This is a modest, government-backed order from a state PSU that provides steady business visibility for the company's transformer division into the September 2026 quarter. While not a transformative order, it reinforces JSL Industries' credentials in the domestic power transmission equipment segment.