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Capital Goods - Electrical Equipment, Small Cap

Jyoti Structures has been pre-qualified by Kenya Transmission Company (KETRACO), Kenya to bid for 132 kV Narok-Bomet Transmission Line tender for 88 Kms on total turnkey basis.

KETRACO conducted a pre-qualification process to select EPC companies eligible to bid for above-mentioned project funded by African Development Bank, and JSL has been qualified to bid for the project on the basis of past experiences of similar projects including in Kenya, along with the comprehensive in-house capabilities and resources.

Qualification for this tender marks the re-entry of the company into international markets for turnkey projects.

The techno-commercial bid submission for above-mentioned tender is due on 25 April 2024. This is a priority project for KETRACO, to be completed within 12 months from award to successful bidder.

JSL has executed Transmission Line and Substation projects previously in Kenya.

Globally, JSL has commissioned over 31,000 ckt Kms of Transmission Lines upto 765 kV, 1800 Bays Substations, and electrified over 37,325 villages.

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Jyoti Structures has successfully executed all three transmission lines awarded by Mundra Port and Special Economic Zone (MPSEZL).

The scope of work covers manufacture and supply of Transmission Line towers, supply of all line materials, survey, soil investigation, open cast foundations, pile foundations, erection of towers, stringing and commissioning of each of the transmission line. The initial value of the contract was Rs 39.04 crore.

MPSEZL had also awarded a contract to Jyoti Structures Limited for Mundra Mega project involving 400 kV and 220 kV transmission lines on turnkey basis, which has also been completed and test charged.

The company has a long track record for supply of towers, design and testing of towers, as well as turnkey transmission lines, substations and distribution projects in India and abroad.

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The Board of Jyoti Structures at its meeting held on 20 March 2024 has approved rights issue of equity shares in ratio of 6 equity shares for every 37 equity shares held by the shareholders as on the record date. The issue opens on 28 March 2024 and closes on 16 April 2024.

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Jyoti Structures has fixed 21 March 2024 as record date for rights issue.

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