Jyoti Limited secures ₹32.89 Cr order from Gujarat Energy Transmission Corporation

Sandip Raj Gupta

    20/Dec/2024

What's covered under the Article:

  1. Jyoti Limited has secured a ₹32.89 Cr order from Gujarat Energy Transmission Corporation for 11 KV VCB Panels.
  2. The contract includes the supply of 420 panels, with delivery scheduled by May 2025.
  3. The order adheres to SEBI regulation disclosures and highlights Jyoti Limited's growing industry presence.

Jyoti Limited, a Vadodara-based company specializing in water and power infrastructure solutions, has announced the successful acquisition of a ₹32.89 crore contract (inclusive of GST) from Gujarat Energy Transmission Corporation Limited (GETCO). This order involves the supply of 420 units of 11 KV VCB Panels and underscores Jyoti Limited’s growing prominence in the power sector.

This significant order was disclosed in compliance with SEBI Regulation 30 and SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Below are the highlights of the order:

  • Order Details: The contract entails the supply of 11 KV VCB panels, with comprehensive terms including inclusive packing, forwarding, freight, and insurance, and GST at 18%.
  • Delivery Timeline: The execution is expected by May 3, 2025, demonstrating the company’s efficient operational capabilities.
  • Warranty Terms: The panels come with a robust guarantee of 60 months from commissioning or 66 months from supply, whichever is earlier.

This is a domestic order from a reputed entity, reflecting Jyoti Limited’s ability to meet stringent quality and delivery standards. The company has stated that there is no related party involvement in this contract, ensuring complete transparency and compliance with regulatory norms.

Strategic Importance

This order strengthens Jyoti Limited’s position in the power transmission and distribution sector, showcasing its technological expertise and reliability. With Gujarat being a hub for energy infrastructure development, securing such a high-value order from GETCO further consolidates Jyoti Limited’s foothold in the region.

Financial and Market Impact

At ₹32.89 crores, this order represents a significant addition to Jyoti Limited's revenue pipeline. By successfully delivering this project, Jyoti Limited is likely to enhance its market reputation and open doors for future collaborations with GETCO and other leading entities in the energy sector.

About Gujarat Energy Transmission Corporation (GETCO)

GETCO is a premier entity in India’s energy sector, responsible for developing and maintaining high-quality power transmission infrastructure in Gujarat. Their collaboration with Jyoti Limited underscores their trust in the company’s manufacturing and technical capabilities.

About Jyoti Limited

Jyoti Limited, with its corporate office in Vadodara, Gujarat, is renowned for its innovative solutions in water and power engineering. The company has been a trusted partner in building infrastructure for India's growth, catering to various sectors such as water management, power transmission, and industrial applications.

With its motto of "Water • Power • Progress," Jyoti Limited continues to play a pivotal role in India’s infrastructure development. This latest achievement further highlights its commitment to excellence and its focus on delivering cutting-edge solutions to its clients.

For more updates on Jyoti Limited and similar industry developments, stay tuned to the latest news on stock market trends, regulatory disclosures, and corporate achievements.

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