Transmission Infrastructure EPC Contract

Jyoti Structures Secures ₹67.96 Crore Sri Lanka Transmission Project Order

NSE

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BSE

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Jyoti Structures Limited has entered into a contract agreement with National Transmission Network Service Provider (Private) Limited, in joint venture with Fentons, for execution of the Mullikulam Wind Power Transmission Project in Sri Lanka. The contract value stands at ₹67.96 crore with an execution timeline of 18 months.

PRICE-SENSITIVE TRIGGER

Event: New International Project Order

Type: Transmission Infrastructure EPC Contract

Impact: Positive

Immediate Effect: The order strengthens Jyoti Structures’ international order book and expands its presence in power transmission infrastructure projects in Sri Lanka.

Key Metrics:

Order Value: ₹67.96 Crore
Project Duration: 18 Months
Geography: Sri Lanka
Project Type: 220kV Double Circuit Transmission Line
Business Segment: Power Transmission EPC

Highlight:

Label: International Order Win
Value: ₹67.96 Crore EPC Contract

What Happened ?

Jyoti Structures Limited informed the exchanges that it has entered into a contract agreement with National Transmission Network Service Provider (Private) Limited, in a joint venture with Fentons, for execution of the Mullikulam Wind Power Transmission Project (MWPTP) in Sri Lanka.

The project includes construction of a 28-km-long 220kV double circuit transmission line connecting Mannar Grid Substation to Mullikulam Collector Grid Substation.

The company stated that the total project value is ₹67.96 crore and the execution timeline is 18 months.

key highlights

Project Scope & Execution Details:

Project Name: Mullikulam Wind Power Transmission Project (MWPTP).
EPC Contractor: Jyoti Structures Limited India and Fentons Joint Venture.
Project Location: Sri Lanka.
Scope includes construction of a 28 km long 220kV double circuit transmission line.
Transmission line will connect Mannar Grid Station to Mullikulam Collector Grid Substation.
Contract value stands at ₹67.96 crore.
Completion timeline is 18 months.
Company confirmed that the order does not fall under related party transactions.

Note:

The order supports Jyoti Structures’ international expansion strategy in transmission infrastructure and renewable-energy-linked grid projects.

Risk Analysis

Key Risks

International EPC projects may face currency and geopolitical risks.
Delays in approvals, logistics, or execution can impact timelines.
Raw material price fluctuations could affect project margins.
Cross-border infrastructure contracts may involve payment and regulatory risks.

Worst Case Scenario

Any major delay in execution, cost escalation, or contractual dispute could impact profitability and working capital cycles.

Risk Level: Medium

Company Commentary

Jyoti Structures stated that it has entered into a contract agreement with National Transmission Network Service Provider (Private) Limited.
The project will be executed through a joint venture with Fentons.
The company clarified that promoters or promoter group entities have no interest in the awarding entity.
Management confirmed that the contract is not a related party transaction.

Official Exchange Filing: Jyoti Structures Limited