Jyoti Structures wins Rs 949.35 crore Power Grid transmission orders
JYOTISTRUC · price
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Jyoti Structures has received two awards from Power Grid Corporation of India worth Rs 949.35 crore, excluding GST, for supplying, installing, testing and commissioning 800 kV high-voltage direct current transmission lines in Rajasthan. Lot 1 is worth Rs 474.85 crore and Lot 2 Rs 474.50 crore. Each package must be completed within 38 months of its award. The awards follow a recent Rs 689.93 crore GETCO order.
The award improves revenue visibility, but cash flow and profit will depend on project costs and execution over the 38-month schedule.