Rs 100 Penny Stock: Heavy electrical equipment company bags order worth Rs 10,91,00,000 from Nand Infrastructure & Projects, Bhavnagar

Jyoti Ltd, a heavy electrical equipment company, has secured a significant domestic order valued at Rs 10,91,00,000 (excluding GST) from Nand Infrastructure & Projects, Bhavnagar. The contract is for the design, manufacture, and supply of 18 sets of Vertical Turbine (VT) pumps with High Tension (HT) motors for the NWR Tharad - Dhanera Lift Irrigation project. The company is required to execute the order within a 6–7-month delivery period and has provided a guarantee of 18 months from the date of dispatch or 12 months from commissioning, whichever comes first.

Earlier, the company had received a Letter of Intent valued at approximately Rs 6.35 crore (excluding GST) by JWIL INFRA LTD, Delhi (subsidiary of Jindal Group), for a project situated in Pirtand, Jharkhand. This significant order entails the design, manufacture, and supply of six sets of Vertical Turbine (VT) Pumps along with their respective motors. Jyoti Ltd will provide a guarantee of 30 months from the date of commissioning or 36 months from the date of dispatch, whichever occurs earlier. The delivery of these pumps is expected within 24 to 28 weeks from the date of receipt of the final order and technical document approval.

Jyoti Ltd offers hydraulic and electrical products and services and designs and manufactures a wide range of Pumps and EPC Pumping Systems from concept to commissioning. The company comprises 2 divisions, viz. the project division and the switchgear division.

The stock is up by 42 per cent from its 52-week low is Rs 67.73 per share. Jyoti Ltd has a market cap of over Rs 160 crore and has delivered good profit growth of 30.4 per cent CAGR over the last 5 years. From Rs 7.87 to Rs 96.10 per share, the stock gave multibagger returns of over 1,100 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.