Jyoti Structures soared 5.87% to Rs 165.10 at 10:50 IST on BSE after the company said it has bagged an order worth $39.64 million from Uganda Electricity Transmission Company for construction of transmission line and sub-stations in Uganda..
The company made this announcement during trading hours today,
The stock hit a high of Rs 170 and a low of Rs 157.10 so far during the day. The stock had a 52-week high of Rs 328 on
The company’s current equity is Rs 16.23 crore. Face value per share is Rs 2.
The current price of Rs 165.10 discounts its Q3 December 2007 annualized EPS of Rs 9.93, by a PE multiple of 16.63.
Jyoti Structures’ net profit rose 15.8% to Rs 20.15 crore on 41.3% growth in net sales to Rs 345.53 crore in Q3 December 2007 over Q3 December 2006.
The project comprises of 220 kilovolt (KV) and 132 KV transmission lines and substations. The project is to be executed within a period of 24 months.
In November 2007, Jyoti Structures’ South African joint venture secured a contract worth about $75 million.
Jyoti Structures undertakes design, survey, manufacturing and supply of transmission line towers, foundation, erection of towers, supply of bought out items such as conductors, insulators and hardware accessories, stringing of conductors, testing and commissioning of transmission lines.
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