Mumbai-based transmission contractor Jyoti Structures Limited (JSL) has received a purchase order worth ₹20.85 crore, excluding goods and services tax (GST), from Torrent Power Limited for line-shifting work on the 400 kV DGEN–Navsari transmission line in Gujarat. JSL disclosed the order on 2 November 2026. The turnkey work must be completed within six months of the purchase order. The order follows ₹2,288.19 crore of state and central utility line awards that JSL disclosed between 23 and 28 October 2026.
Key Details
According to JSL’s Regulation 30 filing with the National Stock Exchange (NSE) and BSE, the order has the following terms:
- Project: 400 kV DGEN Navsari line shifting work
- Location: Gujarat
- Scope: supply, erection, testing and commissioning for the line shifting, on a total turnkey basis
- Value: ₹20.85 crore, excluding GST
- Completion period: six months from the date of the purchase order
The filing states that no promoter, promoter group or group company has any interest in Torrent Power, and that the order is not a related party transaction. It was signed by Company Secretary Sonali K. Gaikwad.
JSL has not disclosed the date of the purchase order, the length of line to be shifted, the number of towers involved or the reason for the shift. The filing also does not say whether the line must stay in service during the work or how long any outage would last.
The Line and the Client
According to Torrent Power’s website, the company operates two 400 kV double-circuit transmission lines, of 249 km and 105 km, which it built to carry power from its SUGEN and DGEN plants to off-take centres. The website gives Torrent Power’s thermal capacity as 3,092 MW from coal and gas plants, with 1,746 MW of renewable capacity, taking total installed generation capacity to 4,838 MW.
Torrent Power distributes power to over 4.2 million customers in Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat. It also serves the Union Territory of Dadra and Nagar Haveli and Daman and Diu, Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra, and Agra in Uttar Pradesh. Neither the JSL filing nor the website identifies which of the two lines is being shifted.
The 2 November filing carries no management comment. In JSL’s press release of 23 October 2026, Chief Operating Officer Amit Dutta said Gujarat was an important market for the company, with several transmission projects already under execution. In the same release, the company said it had opened a dedicated project office in Ahmedabad to manage its projects in the state.
Policy Backdrop
The Ministry of Power issued guidelines on 14 June 2024 for right-of-way (RoW) compensation on inter-state transmission lines. They apply to lines with a tower base of 66 kV and above and fix compensation at 200% of land value for the tower base and 30% for the RoW corridor. States may adopt the guidelines in full or issue their own, the ministry told the Rajya Sabha on 18 August 2025. Supplementary guidelines issued on 21 March 2025 raised RoW corridor compensation for inter-state lines to between 30% and 60% of land value, depending on location. JSL’s filing does not say whether the work needs any new corridor.
About the Company
JSL says it has over five decades of experience in power transmission engineering, procurement and construction (EPC). The company states that it has built more than 37,600 circuit kilometres of transmission lines and delivered over 1,800 high-voltage substation bays in India and abroad. It has factories at Nashik in Maharashtra and Raipur in Chhattisgarh, and a prototype tower testing station at Ghoti, near Nashik, with testing capability up to 1,200 kV.
For FY26, JSL reported standalone total income of ₹772.44 crore against ₹504.50 crore and net profit of ₹56.04 crore against ₹35.81 crore. In Q1 FY27 (April–June 2026), total income rose 57.1% to ₹255.18 crore from ₹162.40 crore, and net profit rose 74.4% to ₹19.46 crore from ₹11.16 crore.
The Company’s Recent Pipeline
- March 2026: ₹88.33 crore notification of award from Adani Electricity Mumbai Limited for 220 kV and 110 kV line modification works for the Mumbai Coastal Road Project, to be completed in 12 months.
- May 2026: ₹67.96 crore contract, in a joint venture with Hayleys Fentons, for a 28 km, 220 kV double-circuit line from Mannar to Mullikulam in Sri Lanka, with an 18-month completion period.
- October 2026: ₹689.93 crore letter of award from Gujarat Energy Transmission Corporation Limited (GETCO) for the 765 kV double-circuit Pachchham–Saykha line in Gujarat, with a 42-month completion period.
- October 2026: three notifications of award from Power Grid Corporation of India Limited (POWERGRID) for packages TL01, TL02 and TL05 of the ±800 kV Barmer-II–South Kalamb high-voltage direct current (HVDC) line, worth a combined ₹1,598.26 crore, each with a 38-month completion period.
Outlook
The next milestone is completion of the Torrent Power work, which falls within six months of the undisclosed purchase order date. JSL is executing it alongside the GETCO and POWERGRID awards, which run for 38 to 42 months from their award dates. The company’s Q1 FY27 release did not state an order book figure. Its Q2 FY27 results are the next scheduled financial filing and may give one.
Official Sources
- Jyoti Structures Limited – Intimation on New Project Order from Torrent Power Limited (NSE, 2 November 2026): https://nsearchives.nseindia.com/corporate/JYOTISTRUC_02112026143518_JSL_Intimation_-_Torrent.pdf
- Jyoti Structures Limited – Press Release on ₹648.91 Crore POWERGRID Order (NSE, 28 October 2026): https://nsearchives.nseindia.com/corporate/JYOTISTRUC_28102026105756_Press_release.pdf
- Jyoti Structures Limited – Press Release on GETCO Order (NSE, 23 October 2026): https://nsearchives.nseindia.com/corporate/JYOTISTRUC_23102026143001_JSL_Press_Release.pdf
- Jyoti Structures Limited – Press Release on Q1 FY27 Results (NSE, 4 August 2026): https://nsearchives.nseindia.com/corporate/JYOTISTRUC_04082026165603_PressReleaseJune26.pdf
- Torrent Power Limited – Business Areas: https://www.torrentpower.com/index.php/site/info/businessAreas
- Ministry of Power – Rajya Sabha Unstarred Question No. 2870, Compensation for Transmission Projects (18 August 2025): https://www.powermin.gov.in/static/uploads/2025/08/733b6c6468c69122ba14dfc9059fa9d7.pdf
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