Jyoti Structures stock gains 5% after receiving Rs382 crore contract from Adani Transmission

28 Mar 2022 , 11:42 AM

Jyoti Structures Limited has secured a contract from Adani Transmission Limited for turnkey design, supply and construction of 765 KV Double Circuit transmission line from Khavda to Bhuj in Gujarat.

As per regulatory filing, the contract valued at Rs382 crores including GST is to be executed in about 17 months by August 31, 2023.

At around 11:44 AM, Jyoti Structures was trading at Rs20.20 apiece up by Rs0.95 or 4.94% from its previous closing of Rs19.25 apiece on the BSE.

Adani Transmission was trading at Rs2,417 apiece down by Rs26.9 or 1.1% on the BSE.