Jyoti Ltd Secures Purchase Orders Totaling Approximately 952 Lakhs from Megha Engineering & Infrastructures Ltd
Jyoti Ltd has secured significant purchase orders, totaling approximately 952 Lakhs (excluding GST), for specialized equipment manufacturing. The contracts are with Megha Engineering & Infrastructures Ltd. (MEGHA) and pertain to the Design, Manufacture and Supply of critical components for the Mukthyala LIS project in Andhra Pradesh.The order details cover six VT Pumps (with a capacity of 1.823 cumecs) and six HT Motors rated at 2600 KW, along with mandatory spares, for the client.
Contract Specifications and Terms
The contract awarding details outline specific terms and conditions regarding payment and execution. Jyoti Ltd has secured this business from a domestic entity.Key financial and operational aspects of the orders include:
| Parameter | Details |
|---|---|
| Client Entity | MEGHA ENGINEERING & INFRASTRUCTURES LTD, Hyderabad |
| Order Nature | Design, Manufacture & Supply Of 6 nos VT Pumps (1.823 cumecs) and 6 nos HT Motors (2600 KW) along with mandatory spares |
| Broad Consideration | Purchase Orders amounting to approximately 952 Lakhs (Excluding GST) |
| Payment Terms | 100% AGAINST 60 DAYS LC, requiring the submission of a 10% PBG. |
| Delivery Timeline | Within 24 weeks from the date of receipt of approved drawing and manufacturing clearance. |
| Other Terms | Packing & Forwarding is inclusive Freight, GST is Extra @18%, Insurance is Inclusive, and Guarantee period is 42/36 months from the date of supply/commissioning of materials. |
The transaction involves a domestic entity, MEGHA ENGINEERING & INFRASTRUCTURES LTD, Hyderabad. Jyoti Ltd confirmed that neither the client nor any of its associated parties have a vested interest in the secured orders, and the contract is not considered a related party transaction.
Stock Price Movement
Jyoti Ltd shares closed at ₹59.83 on Friday, ticking up by 0.34% in post-market trading. The stock moved within a tight intraday range, finding support between the session low of ₹59.65 and the high marked at ₹61.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.