Shares of Jyoti Structures Ltd. surged nearly 5%, reaching a day’s high of Rs 31.88 on 23rd October, after the firm announced it had received a letter of acceptance for a Rs 450 crore order from Adani Energy Solutions in Gujarat.

The project scope includes surveying, soil investigation, supplying towers, foundation work, commissioning, and the installation and stringing of the LILO for the 765 kV DC Bhuj II-Lakadia transmission line at Navinal, Gujarat, on a turnkey basis.

This order is set to be completed within 18 months, by April 2026.

In August, they secured a separate order worth Rs 106 crore from a prominent private developer to supply towers for a 765 kV transmission line. The project is expected to be completed within 10 months.

In July, the company announced it had secured an order worth nearly Rs 118 crore from Adani Energy Solutions Ltd for the construction and partial supply of the 765 kV D/C KPS III-AP44 transmission line. This order is scheduled for completion by 10th October 2025.

So far in 2024, the shares of Jyoti Structures have sky-rocketed, giving returns of nearly 70%. Currently, the company’s market capitalisation stands at around Rs 2,686 crore.

At 11:12 AM, the shares of Jyoti Structures were trading 4.38% higher at Rs 31.70 on NSE.

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