Shares surged 2.6% to ₹8.29 on the NSE as traders reacted to the announcement.
The order covers a 765 kV double‑circuit line between Pachchham and Saykha, slated for completion in 42 months from the Letter of Award. It excludes GST and represents a turnkey assignment covering design, testing, supply, erection and commissioning.
Jyoti Structures has opened a dedicated project office in Ahmedabad to support the new contract, bringing engineering, site execution and customer teams into a single hub. The office is meant to streamline coordination across project sites and accelerate future Gujarat orders.
The power‑transmission segment in India is expanding as the grid modernises, pushing demand for high‑voltage EPC services. Jyoti’s portfolio now includes multiple Gujarat projects, positioning it favorably against peers such as L&T Power and Bharat Heavy Electricals.
Looking ahead, the company anticipates a steady pipeline of state‑wide transmission orders and is poised to bid on further regional projects. Investors will watch forthcoming earnings for any shift in revenue mix and margin impact from the new Gujarat contract.