Jyoti Structures Ltd to restart second unit at Nasik

Jyoti Structures Limited (JSL) has orders in hand, close to Rs. 2,000 Crores, including GST and considering 800 KV High Voltage Direct Current (HVDC) project, valued at Rs 741 Crores including GST, secured from Power Grid Corporation of India Limited.

In light of the current order book and the overall business outlook, the company is restarting its second tower manufacturing unit at Nasik by the end of March this year. In preparation, the company has ordered a new state of the art galvanizing plant and three CNC fabrication machines, in addition to refurnishing the seven CNC fabrication machines the company already has.

The company started manufacturing operation at its first unit at Nasik in August 2022, having annual manufacturing capacity of 36,000 MT. The unit is presently running at optimal level. The second unit will add 33,000 MT of annual manufacturing capacity to the company.

The plan for restarting the company's third tower manufacturing unit at Raipur having annual manufacturing capacity of 40,000 MT, are being kept ready for implementation.

Shares of JYOTI STRUCTURES LTD. was last trading in BSE at Rs. 17.99 as compared to the previous close of Rs. 18.03. The total number of shares traded during the day was 2053103 in over 4114 trades.

The stock hit an intraday high of Rs. 18.40 and intraday low of 17.67. The net turnover during the day was Rs. 36986270.00.

Source : Equity Bulls

Keywords

JYOTISTRUCTURES INE197A01024 SecondUnit Nasik