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0.05 (0.18%)
0.25 (0.9%) | 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.
2003
- 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
basis.
-ICICI Bank has nominated Shri. Anand Gore, Asst. General Manager as
Nominee Director on the Board of the Company.
2004
-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.)
2006
-Company has splits its Face value of Shares from Rs 10 to Rs 2
2007
-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.
2009
- 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.
2010
- 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.
2011
-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
2012
-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.
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| Source : Dion Global Solutions Limited | |
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