Jyoti Structures Wins Rs. 6.9 bn Gujarat Transmission Line Order
The project, named the 765 kV DC Pachchham-Saykha Transmission Line, will be executed on a total turnkey basis. Jyoti Structures will be responsible for the design, supply, erection, testing and commissioning of the transmission line under the awarded contract.
The company said the order is scheduled for completion within 42 months from the date of the Letter of Award. The filing did not provide further details on the exact commencement date or the planned execution schedule for individual stages of the project.
The contract was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015. Jyoti Structures made the announcement to the stock exchanges, identifying the company’s scrip code on BSE as 513250 and its symbol on the National Stock Exchange as JYOTISTRUC.
Jyoti Structures also stated that none of its promoters, promoter group entities or group companies has any interest in Gujarat Energy Transmission Corporation. It added that the order does not fall within the scope of related-party transactions. The award expands the company’s order execution responsibilities in the power transmission segment and adds a large-scale turnkey project to its current business activities.