Ashish Kacholia’s penny stock under Rs 10: Company Secures Rs 88.33 Crore Order for Mumbai Transmission Project

On Monday, shares of Jyoti Structures Ltd fell 6.83 per cent to Rs 9 per share from its previous closing of Rs 9.66 per share. The stock’s 52-week high is Rs 22.18 per share and its 52-week low is Rs 7.94 per share. The stock had surged around 1.55 per cent to its Intraday high of Rs 9.81 during the session.

Jyoti Structures Ltd has received a significant order from Adani Electricity Mumbai Ltd for transmission infrastructure work in Maharashtra. 

The project involves EHV 220kV / 110kV Transmission Line Modification Works for the Mumbai Coastal Road Project. The project will be executed in Mumbai, Maharashtra, and includes a comprehensive scope of work on a lump sum turnkey (LSTK) basis.

The scope covers design, engineering, manufacturing, testing at the manufacturer’s works, and supply of all line materials and equipment. Additionally, the company will undertake survey, soil investigation, foundation work, erection of towers and monopoles, stringing, testing, and commissioning of the transmission line infrastructure.

The total value of the contract stands at Rs 88.33 crore excluding GST. The project is scheduled to be completed within a period of 12 months from the date of the Letter of Award.

This order strengthens Jyoti Structures Ltd’s Order Book and highlights its capabilities in executing large-scale power transmission projects, particularly in urban infrastructure developments.

Ashish Kacholia's firm, Bengal Finance and Investment Pvt Ltd, helds a 1.99 per cent stake in the company as of September 2025. The company has a market cap of over Rs 300 crore. The stock price has surged over 101.79 per cent in last 3 years. The stock has delivered around 13.35 per cent returns from its 52-week low of Rs 7.94 per share.

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