Jyoti Structures Limited has informed the Exchange about Bagging/Receiving of orders/contracts
JYOTISTRUC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jyoti Structures Limited has entered into a contract agreement with National Transmission Network Service Provider (Private) Limited, in a joint venture with Fentons, to execute the Mullikulam Wind Power Transmission Project in Sri Lanka. The scope involves constructing a 28km, 220kV double circuit transmission line from Mannar GS to Mullikulam Collector Grid Substation. The project value is Rs. 67.96 crores and is to be completed within 18 months. The company clarified that no promoter or group entities have any interest in the awarding entity, and the order does not qualify as a related party transaction.
The order value of Rs. 67.96 crore represents a meaningful new project win for the company and should provide revenue visibility over the 18-month execution period. However, the Sri Lanka location and INR-denominated pricing introduce currency and geopolitical risk, which investors should monitor.