Shares of Jyoti Structures jumped five percent on October 23, after the firm bagged a letter of acceptance from Adani Energy Solutions for an order worth Rs 450 crore.
In comparison, the company's free-float market capitalization is Rs 2,100 crore.
The scope of work includes the 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 a turnkey basis.
The timeline for the order is 18 months, so the project should be completed by April 2026.
At 1 pm, shares of Jyoti Structures were quoting Rs 31.72 on the NSE, higher by 4.5 percent from the previous session.
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In August, the company landed a Rs 106 crore contract to supply towers for a 765 kV transmission line from a private developer, with a 10-month deadline.
Back in July, it secured an almost Rs 118 crore deal with Adani Energy Solutions for constructing and supplying parts for the 765 kV D/C KPS III-AP44 transmission line, to be completed by October 10, 2025.
Over the past year, shares of Jyoti Structures have run up 140 percent, more than doubling investors' wealth. In comparison, the Nifty 50 index has gained about 27 percent during the same time period.
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