Receipt of Letter of Intent (LOI)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 5.6 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jyoti Ltd's Switchgear Division has secured a Letter of Intent worth Rs. 40.77 Crores (including GST) from Gujarat Energy Transmission Corporation Limited (GETCO), a state-owned power transmission company in Gujarat. The order is for supply of 525 units of 11 KV VCB Panels, with all-inclusive pricing covering packing, freight, insurance, and GST. The order must be executed on or before 12th October 2026 and carries a 60-month guarantee clause from the date of commissioning. The filing confirms no promoter or related-party interest in the awarding entity.
This adds around Rs. 40.77 crore of revenue visibility over approximately 11 months (until Oct 2026), strengthening the order book. Winning an order from a government PSU like GETCO reflects institutional credibility, which is positive for the stock in the near term, though execution risk over the timeline remains.