Jyoti Structures zooms on receiving NoA from PowerGrid Corporation of India
Jyoti Structures is currently trading at Rs. 24.72, up by 2.24 points or 9.96% from its previous closing of Rs. 22.48 on the BSE.
The scrip opened at Rs. 24.50 and has touched a high and low of Rs. 24.72 and Rs. 24.40 respectively. So far 283002 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 41.36 on 05-Nov-2024 and a 52 week low of Rs. 18.35 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 24.72 and Rs. 22.00 respectively. The current market cap of the company is Rs. 2227.60 crore.
The Institutions and Non-Institutions held 2.72% and 97.28% stake in the company respectively.
Jyoti Structures has received a Notification of Award (NoA) from PowerGrid Corporation of India for Design, Detailing, Testing, Supply of Towers and all line materials including Conductor, Survey, Soil Investigation, Foundations, Erection, Stringing, Testing and Commissioning of Package 01 of ± 800 kV HVDC Bipole Line (Hexa Lapwing) between KPS2 (HVDC) & Nagpur (HVDC) (with Dedicated Metallic Return) on total turnkey basis. The company has received order worth Rs 741.28 crore including GST. The said order will be completed in 42 months from Notification of Award.
The award of the above package from PowerGrid Corporation of India, a Government of India Enterprise, is the highest value EPC order secured by the company in recent years.
Jyoti Structures is an engineering, procurement and construction (EPC) service provider.
