Synopsis:
The company has received a letter of award worth Rs.288.36 crores from AESL Projects Limited for Bhadla 3 – Fatehpur Transmission Line in the central region of India.
The shares of a small-cap company involved in power generation, transmission, distribution, and substation operations saw increased investor interest after it received an order worth Rs 288.36 crore.
With a market capitalization of Rs.1,748.01 crores, the shares of Jyoti Structures Limited were trading at Rs.14.68, up by 0.75 percent from its previous day’s closing price of Rs.14.57.
As of Q1FY26 Ace Investor Ashish Kacholia holds less than 1 percent stake in the company under his name and 1.99 percent stake under the name of Bengal Finance And Investment Pvt Ltd
Order
Jyoti Structures Limited has received a letter of intent worth Rs.288.36 crores from AESL Projects Limited for the execution of a section of the ±800 kV HVDC Bhadla 3, Fatehpur Transmission Line, situated in the central region of India.
The project will provide the complete scope of work, including the supply of towers, route surveys, soil investigations, foundation construction, tower erection, stringing, testing, and commissioning of the assigned portion of the transmission line. The project is expected to be completed within 36 months from the date of issuance of the order.
Also Read: Monopoly stock in focus after SEBI bans 8 entities for insider trading and recovers ₹173 Cr in illegal gains
About the Company
Jyoti Structures Limited is a leading provider of turnkey solutions in power transmission in India. Its operations include the manufacture of transmission line towers, substation structures, tall antenna towers/masts, and railway electrification structures. Additionally, it executes turnkey projects, covering surveying, foundation work, design, fabrication, erection, and stringing of extra high voltage transmission lines.
The company’s revenue rose from Rs.88 crore in Q1FY25 to Rs.156 crore in Q1FY26, while net profit increased from Rs.5 crore to Rs.11 crore during the same period. It reports a return on equity of 13.3 percent and a return on capital employed of 1.61 percent. Its P/E ratio stands at 42.20, below the industry average of 50.17.
Written by Jhanavi Sivakumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Ashish Kacholia stock jumps 4% after receiving ₹288 Cr order for transmission project appeared first on Trade Brains.