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Jyoti Structures bags 2 orders worth Rs253 cr

Jyoti Structures bags 2 orders worth Rs253 cr
PTI
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First Published: Tue, Mar 25 2008. 12 20 PM IST
Updated: Tue, Mar 25 2008. 12 20 PM IST
Mumbai: Jyoti Structures on Tuesday said it has bagged two orders worth Rs253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines.
The company has bagged Rs160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and substations.
Besides, the company’s joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line.
The scope of the order from Uganda Electricity Transmission Company includes the supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange.
The contract valued at around $39.64 millions (Rs160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 KV and 132 KV transmission lines and substations.
Meanwhile, Jyoti Structures Africa would execute 114 Km of 765 KV single circuit transmission line construction from Majuba to Umfolozi. The contract valued at about 184 million rands (around Rs93 crore) is expected to be executed in 13 months.
Shares of the company were trading at Rs166.25, up 6.91% on the BSE in morning trade.
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First Published: Tue, Mar 25 2008. 12 20 PM IST