Jyoti Structures Zooms 13% on Securing Various Orders

Shares of Jyoti Structures surged as much as 13 per cent to hit high of Rs 37 in trades on Wednesday after company said it has secured various orders worth Rs 582 crore. 

 

Jyoti Structures involved in the power industry said in a press release that Gulf Jyoti International LLC Dubai, a joint venture of Jyoti Structures and Gulf Investment Corporation recently secured export and domestic order for transmission lines.

 

The company said it has secured various orders which include Rs 310 crore order for laying 400 KV transmission line project in Oman, Rs 32 crore for laying transmission line in DEWA, Dubai and Rs 240 crore order for various fabrication projects and for supply of transmission line steel structures.

 

At 12:20 PM, shares of Jyoti Structures were trading higher by 8 per cent at Rs 35. Trading volumes on the counter surged as 2,42,000 shares changed hands on the BSE compared to average of 1,11,000 shares traded daily in the past two weeks.