Jyoti surges 20% on order from DRN Infrastructure

The order is worth Rs 139 crore is for pumps and other electromechanical equipment

Shares of Jyoti were locked in 20% upper circuit at Rs 75 on the Bombay Stock Exchange after the company announced that it has won a prestigious order from DRN Infrastructure, Hubli, Karnataka for Rs 139 crore.

The order comprises of design, manufacture, supply, commissioning and testing of 5 Pumps with Discharge of 18,028 Cum/Hr. & Head 190 Meters and 5 Motors of Rating 12 MW each, other electromechanical equipment including SFC Starter and Auxiliary Systems, 220 KV Sub-Station, 220 KV Transmission Line (11 Kms.), the company said in a release.

The stock opened at Rs 68 and hit a high of Rs 75. At 3:05pm, over 230,000 shares were traded on the Bombay Stock Exchange.