Jyoti Structures moves higher on getting LoA from Adani Energy Solutions
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Jyoti Structures is currently trading at Rs. 31.87, up by 1.48 points or 4.87% from its previous closing of Rs. 30.39 on the BSE.
The scrip opened at Rs. 30.57 and has touched a high and low of Rs. 31.90 and Rs. 30.48 respectively. So far 2582349 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 34.89 on 10-Oct-2024 and a 52 week low of Rs. 10.71 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 33.43 and Rs. 29.75 respectively. The current market cap of the company is Rs. 2835.27 crore.
The Institutions holding in the company stood at 3.27%, while Non-Institutions held 96.73% in the company.
Jyoti Structures has received a letter of acceptance (LoA) worth Rs 450.01 crore excluding GST from Adani Energy Solutions for Survey, Soil Investigation, Supply of Towers, Foundations, Erection, Stringing and Commissioning of LILO of 765 kV DC Bhuj II-Lakadia transmission line at Navinal, Gujarat on turnkey basis. The said order is to be completed in 18 months by April, 2026.
Jyoti Structures is an engineering, procurement and construction (EPC) service provider.
