Jyoti Structures gets ₹949 crore Power Grid HVDC line orders in Rajasthan

Order win
Transmission Towers

Blacklitt Research26 October 20262 min read

Jyoti Structures (NSE: JYOTISTRUC) has received Notifications of Award from Power Grid Corporation of India Limited for two lots of an HVDC transmission line project in Rajasthan, totalling ₹949.35 crore excluding GST, it said in a filing on 26 Oct 2026. Each lot is valued separately, and completion is due 38 months from the date of the Notification of Award.

Key highlights

Lot 1 value: ₹474.85 crore excluding GST
Lot 2 value: ₹474.50 crore excluding GST
Total of both lots: ₹949.35 crore excluding GST
Completion period: 38 months from the date of the Notification of Award
Project location: Rajasthan

The Power Grid orders in numbers

Item	Detail
Awarded by	Power Grid Corporation of India Limited
Project	±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines, packages TL01 & TL02
Scope	Supply, erection, testing and commissioning of ±800 kV HVDC transmission line on a total turnkey basis
Lot 1 value	₹474.85 crore excluding GST
Lot 2 value	₹474.50 crore excluding GST
Total, Lot 1 and Lot 2	₹949.35 crore excluding GST
Completion period	38 months from the date of the Notification of Award
Location	Rajasthan

Scope and location of the two lots

The company has received Notifications of Award from Power Grid Corporation of India Limited for the ±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines, packages TL01 and TL02, in Rajasthan.

The scope is supply, erection, testing and commissioning of the ±800 kV HVDC transmission line on a total turnkey basis. The value is split into two lots: ₹474.85 crore for Lot 1 and ₹474.50 crore for Lot 2, both excluding GST.

The orders against the company's size and recent filings

The company's market value was ₹1,075 crore at the 26 Oct 2026 close of ₹9.01 a share, so the two lots total ₹949.35 crore against that figure.

On 23 Oct 2026 the company also informed the Exchange that it had received a Letter of Award from Gujarat Energy Transmission Corporation Limited. Its Q1 FY27 consolidated total income was ₹255.18 crore, up 57.1% year on year, and net profit was ₹19.46 crore, up 74.4%.

What the Power Grid orders mean for Jyoti Structures' shareholders

The two lots total ₹949.35 crore excluding GST, with completion due 38 months from the Notification of Award. The date of the award, whether the company bid alone or with partners, the revenue or margin the work will carry, and the payment terms are not known from the filing.

The next dated step is completion, 38 months after the Notification of Award.

Reference: Original filing (PDF)

Sign up to continue reading

Create a free account to read the rest of this article and the analysis that follows.

Disclaimer:

The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.