Jyoti at 20% upper circuit; JV gets largest hydel order

Moneycontrol Bureau

Shares of Jyoti hit 20 percent upper circuit at Rs 79.30 per share on Friday, riding on the largest hydel order received by it till date.

The Gujarat-based hydro turbines and generators manufacturer's JV with Megha Engineering & Infrastructure has won a 5-year deal from Narmada Nigam for EPC of civil, electro-mechanical and hydro-mechanical works including operations and maintenance for Saurashtra Branch Canal Project in Mehsana district. 

The Jyoti's portion in the order is worth around Rs 100 crore for supply of electro-mechanical equipment, the company said. Power produced from these plants will offser power required for canal operation to some extent.