Jyoti Limited Secures ₹40 Crore Contract for Handia Barrage Project

Jyoti Limited, a leading player in the electro-mechanical sector, has announced that its Hyde! Division has secured a Letter of Award (LOA) worth ₹40 Crores (excluding GST) for the Handia Barrage Hydroelectric Project located in Madhya Pradesh.

The project, awarded by Karan Development Services Pvt. Ltd, involves the design, manufacturing, supply, installation, testing, and commissioning of Electro-Mechanical (E&M) works for the Handia Barrage. The hydroelectric project has a capacity of 5 x 5000 KW + 10% COL, showcasing Jyoti Limited's technical expertise and its commitment to sustainable energy solutions.

Key Project Highlights

Project Scope:
The contract covers the comprehensive execution of E&M works for the Handia Barrage, ensuring the project meets modern standards of operational efficiency and reliability.

Awarding Entity:
The project was awarded by Karan Development Services Pvt. Ltd, a reputed domestic company based in Gwalior, Madhya Pradesh.

Timeline for Completion:
The order is expected to be fully executed by January 23, 2027, providing a well-defined timeframe for project delivery.

Order Value:
The total contract value is ₹40 Crores, excluding GST, highlighting the significant scale of the project.

Terms and Conditions

1. Payment Terms: As per the Letter of Award (LOA).
2. Inclusions: Packing, forwarding, freight, and insurance are included within the project scope.
3. Guarantee Period: The completed works will carry a guarantee of 60 months from the date of commissioning.

Regulatory Compliance

This contract was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency and accountability for Jyoti Limited’s shareholders and stakeholders.

Additional Information

• Domestic Contract: The project has been awarded by a domestic entity and does not fall within the ambit of related-party transactions.
• Promoter Interest: There is no promoter or promoter group interest in the awarding entity.

About Jyoti Limited

Jyoti Limited, headquartered in Vadodara, Gujarat, has a legacy of delivering state-of-the-art electro-mechanical solutions for infrastructure and energy projects. The company specializes in executing large-scale projects across India, ensuring high standards of quality and timely delivery.

With this latest project win, Jyoti Limited reaffirms its leadership in providing innovative and sustainable solutions in the hydroelectric power sector.

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