Jyoti Structures Secures Order from Power Grid Corporation

Jyoti Structures Ltd. (JSL) has secured an ₹741 crore order (including GST) from Power Grid Corporation of India Ltd. for an 800 KV High Voltage Direct Current (HVDC) project. This order is part of the company’s total order book, which currently stands at around ₹2,000 crore.

Restarting Nashik’s Second Manufacturing Unit

To accommodate the increase in demand, JSL also plans to restart its second tower manufacturing unit in Nashik by the end of March 2025. The company has purchased a new galvanizing plant and three CNC fabrication machines, in addition to refurbishing seven existing CNC fabrication machines.

The second Nashik unit will add 33,000 MT of annual manufacturing capacity, supplementing the 36,000 MT capacity of its first unit, which has been operational since August 2022.

Plans for Raipur Expansion

In addition to Nashik, JSL has outlined plans for restarting its third manufacturing unit in Raipur, which has an annual production capacity of 40,000 MT. The company has not announced a specific timeline for this expansion but has stated that preparations are in place.

Market Performance

As of February 21, 2025,12:30 PM, the company’s shares were trading at ₹17.90, showing a 0.61% drop for the day. Over the past month, the stock has fallen by 14.02%, and over the past year, it has declined by 25.73%.

Shares of Power Grid Corporation of India Ltd., which awarded the contract, were at ₹261.35, down 1.66% for the day at 12:30 PM. Over the past month, Power Grid’s stock has dropped 13.56%, while its one-year decline stands at 6.69%.

About the Company 

Jyoti Structures Ltd., established in 1974 and headquartered in Mumbai, manufactures transmission line towers, substation structures, and antenna masts. The company executes turnkey EPC projects, including design, fabrication, and installation of high-voltage transmission lines, substations, and distribution networks. 

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