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Jyoti Structures > Company History > Power - Transmission & Equipment > Company History of Jyoti Structures - BSE: 513250, NSE: JYOTISTRUC

Jyoti Structures

BSE: 513250|NSE: JYOTISTRUC|ISIN: INE197A01024|SECTOR: Power - Transmission & Equipment
May 25, 15:41
-0.01 (-0.23%)
VOLUME 113,342
May 25, 15:41
0.15 (3.61%)
VOLUME 60,115
Company History - Jyoti Structures
 The Company was incorporated in the year 1975 as per the company act
 1956.  The company is engaged in the manufacture of transmission line
 towers, sub-station structures, railway electrification structures
 etc. & it also undertakes turnkey contracts for extra high voltage
 transmission lines & substations. 
 The company has clients in domestic market such as MSEB, NPTC, NTPC
 etc and now it is also entering international market.  The company is
 been promoted by Mr. V.P. Valecha of the Valecha Group and Bhopal
 based Mirchandani Group.  The company is now embarked on a
 Modernisation-cum-Expansion programme.  The existing factory is at
 Nasik and being modernised and a new unit is being set up at Kaipur
 in Madhya pradesh.  The project is expected to be completed by 1993.
 2000 - An Omani Company has teamed up with Indian power firm Jyoti
 Structure to bag 
              a 24.4 million Omani rial power transmission project in
 the Sultanate.
            - Power and transmission company Jyoti Structures will
 enter the capital markets with a
              capital markets with a rights offer of 49,11,990 No. of
 Equity Share of Rs 10 each in the
              ration of 1:1 at a premium of Rs 25 each aggregating Rs
 17.19 crore.
 2002-S D Kulkarni resigns from Board of Jyoti Structures.
 -Jyoti Structures Ltd has informed that the Board of Directors at its
 meeting held on October 30, 2002 has approved appointment of Mr Sudhir
 S Karande as Chief Executive Officer of the company with effect from
 October 22, 2002.
 - Awarded prestigious export order for the value of 28.75 million USD
 (Approximately Rs 1310 million ) by Tunisian State Electricity & Gas
 Utility STEG for supply, erection and commissioning of high voltage
 overhead transmission lines in North Africa.
 -The share holders have approved to delist equity shares of the
 company in Ahmedabad & Delhi Stock Exchanges.
 -Company allotmented 16,43,000 equity shares on private placement
 -ICICI Bank has nominated Shri. Anand Gore, Asst. General Manager as
 Nominee Director on the Board of the Company.
 -Jyoti Structures awarded an order for Rs. 848 million by Powerlink
 Transmission Ltd.
 -Jyoti Structures has secured Rs.183 mn turnkey construction order
 from Haryana Vidyut Prasaran Nigam Ltd (HVPNL.)
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 -Jyoti Structures has re-appointed Mr. K R Thakur as Managing
 Director of the Company for a further period of 3 years w.e.f. April
 01, 2007.
 -Jyoti Structures Ltd has appointed Mr. Prakash K Thakur and Mr.
 Santosh Nayak as Additional Directors and subject to approval of
 shareholders in the Annual General Meeting have designated them as
 Whole-time Directors with immediate effect.
 - Jyoti Structures Ltd has informed that consortium of Areva T & D
 and Jyoti Structures has recently signed a long term agreement with
 Maharashtra State Electricity Transmission Company Ltd (MSETCL) for
 the trunkey design and construction of 220KV and 132KV substation and
 associated lines.
 - Jyoti Structures Ltd has appointed Mr. Rameshchandra Rawal as an
 Additional Director of the Company with immediate effect.
 -Jyoti Structures Ltd Received Excellent Health and Safety Award
 from ESKOM, a power utility of South Africa for achieving 3.5 million
 man-hours worked without having a lost time injury. 
 -Jyoti Structures Ltd Received an award from ESKOM for 500,000
 incident free man hours worked on 765kV project.
 -Started Manufacturing Operation in Texas,USA
 -Jyoti Struct - Awarded contract valued at Rs. 524 Crore.
 -Jyoti Structures has collaborated with Lauren Engineers and
 Construction Ltd. by acquiring 50% equity stake in the company.
 -Jyoti Structures Ltd Issues Rights in the Ratio of 1:8
 -Jyoti structures said it has received various orders worth Rs 254
 crore from Uganda.
 -Jyoti Structures Limited, a turnkey EPC contractor in power sector,
 that it has bagged domestic and export orders worth Rs 1,491 crore
 including 400 kV transmission lines in India as well as Kenya on
 turnkey basis.
 -The Company has has decided to recommend Dividend for the year ended
 March 31, 2013 Equity Share - Re. 0.80/- (previous year Rs. 1.10) per
 Equity Share of Rs. 2 each
 -Jyoti Structures secures export orders worth Rs 1200 cr
 -The Company has bagged a contract of USD 14 million from ESKOM, a
 South African electric utility.
 -The Company has secured an order worth USD 40.82 million from
 TRANSCO CLSG for Design, Supply, Installation and Commissioning of
 225 kV Mano - Kanema - Bikongor transmission line.
Source : Dion Global Solutions Limited
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