Jyoti Structures gets ₹649 crore Power Grid HVDC line order in Gujarat

Order win
Transmission Towers

Blacklitt Research28 October 20262 min read

High-voltage transmission towers and power lines stretching across a hazy sky above a city skyline — Novoklimov, via Wikimedia Commons (CC0). Illustrative image.

Jyoti Structures (NSE: JYOTISTRUC) has received a Notification of Award from Power Grid Corporation of India Limited for a ±800 kV HVDC transmission line package in Gujarat, valued at ₹648.91 crore excluding GST, it said in a filing on 28 Oct 2026. The order is one of several Power Grid awards the company has reported in the last few days.

Key highlights

Order value: ₹648.91 crore excluding GST
Completion period: 38 months from the date of NOA
Package: TL05, turnkey supply, erection, testing and commissioning
Related party: none, per the company

The order in numbers

Item	Detail
Awarded by	Power Grid Corporation of India Limited
Project	±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines, package TL05
Location	Gujarat
Scope	Supply, erection, testing and commissioning of ±800 kV HVDC transmission line on total turnkey basis
Value	₹648.91 crore excluding GST
Completion period	38 months from the date of NOA

Order size and scope

The Notification of Award covers package TL05 of the Barmer-II and South Kalamb HVDC bipole lines in Gujarat, on a total turnkey basis.

The value of ₹648.91 crore is stated excluding GST, so the amount including tax is not given in the filing.

Order against the company's recent activity

Against the company's latest quarter, the order is about 2.5 times its total income of ₹255.18 crore for Q1 FY27 on a consolidated basis. The company's market value was about ₹1,231 crore at the 28 Oct 2026 close.

The filing is one of several recent order announcements. On 26 Oct 2026 the company reported Notifications of Award from Power Grid, and on 23 Oct 2026 a Letter of Award from Gujarat Energy Transmission Corporation Limited.

What the order means for Jyoti Structures' shareholders

The order adds a 38-month turnkey transmission contract to the company's work. The filing does not say what margin the order is expected to earn, when execution starts, or whether the order carries any performance guarantee or penalty terms.

The next dated step in the filing is the 38-month completion period counted from the date of the Notification of Award, which the filing does not date.

Reference: Original filing (PDF)

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