Receipt of Letter of Intent (LOI)
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Awaiting price reaction for this filing.
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.