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News about Jyoti Structures Limited

October 9th, 2007

The media had reports that Jyoti Structures Ltd may provide EPC services for Western Region System Strengthening transmission project; the order value being estimated at Rs.500 crore.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Jyoti Structures Ltd vide its letter inter alia stated, “Power Grid Corporation of India Ltd invited tariff based bids for setting up Western Region System Strengthening Transmission Project in the states of Maharashtra and Gujarat. REL and Jyoti Structures Ltd (JSL) had a pre-tender exclusive tie-up for JSL to carry out survey, design, testing, manufacture of towers and construction of lines for a total value of approximately Rs. 500 cr. We understand from media that REL’s proposal has now been cleared. We are awaiting official communication from REL on this matter. As a matter of policy, we consider an order received by us only after we officially receive the same and sign the contract.”

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