In November 2024, the company had announced a fundraising of up to ₹500 crore through a rights issue of equity shares, as approved by its board of directors.
The rights issue will be offered to eligible equity shareholders as of a record date to be determined and notified later. The terms, pricing, and other conditions of the rights issue will be decided by the board or a committee duly constituted for this purpose, subject to necessary approvals.In October 2024, the company had received a letter of acceptance for an order worth ₹450 crore from Adani Energy Solutions in Gujarat.
The scope of work included the survey, soil investigation, supply of towers, foundation, commissioning, putting up and stringing of LILO of 765 kV DC Bhuj II-Lakadia transmission line at Navinal, Gujarat on a turnkey basis.It is to be completed by April 2026.
In August 2024, the company received an order worth ₹106 crore for the supply of towers for a 765 kV Transmission Line from a leading private developer. The order was to be completed within 10 months.
In July, the company said it had secured an order worth nearly ₹118 crore from Adani Energy Solutions Ltd for the construction and part supply of the 765kV D/C KPS III-AP44 Transmission Line. The order is to be completed by October 10, 2025.
Shares of Jyoti Structures are trading with losses for four consecutive days. The stock was down 1.73% at ₹17 apiece at 12 pm on Tuesday, February 25. It has fallen for eight out of the last nine trade sessions. It has dropped 35.89% in the last six months.
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First Published: Feb 25, 2025 12:10 PM IS
