Intimation on New Project Order
JYOTISTRUC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jyoti Structures Limited has announced winning a new project order - the Mullikulam Wind Power Transmission Project in Sri Lanka. The project involves constructing a 28km long, 220kV double circuit transmission line from Mannar Grid Substation to Mullikulam Collector Grid Substation. The contract is valued at Rs. 67.96 Crores and is to be executed within 18 months. The company will execute this project in a joint venture with Fentons for National Transmission Network Service Provider (Private) Limited. This is not a related party transaction as confirmed by the company.
The order adds to the company's order book and demonstrates continued international business traction. The Sri Lanka project execution will contribute to revenues over the next 18 months, though the relative significance depends on how Rs. 67.96 Crores compares to the company's annual revenues.