Synopsis: Jyoti Limited has secured purchase orders worth approximately Rs. 9.52 crore from Megha Engineering & Infrastructures Limited for the design, manufacture, and supply of vertical turbine pumps and high-tension motors for the Mukthyala Lift Irrigation Scheme in Andhra Pradesh. The order is expected to be executed within 24 weeks.
Shares of Jyoti Limited are likely to remain in focus after the company announced that it has secured purchase orders worth approximately Rs. 9.52 crore (excluding GST) from Megha Engineering & Infrastructures Limited (MEIL) for the supply of pumping equipment for a lift irrigation project in Andhra Pradesh.
Jyoti Limited has a total market capitalization of approximately Rs. 140 crore. The company’s shares were trading at Rs. 61.20 apiece on the stock exchange, up by 2.29 percent. The stock has declined 0.81 percent over the last five trading sessions, while it has gained 3.62 percent over the last month. The stock touched a 52-week high of Rs. 116 and a 52-week low of Rs. 48.50.
According to the company’s exchange filing, the order involves the design, manufacture, and supply of six Vertical Turbine (VT) Pumps with a capacity of 1.823 cumecs each and six High-Tension (HT) Motors of 2,600 KW each, along with mandatory spares, for the Mukthyala Lift Irrigation Scheme (LIS) in Andhra Pradesh.
The aggregate value of the purchase orders stands at Rs. 9.52 crore, excluding GST. The project has been awarded by a domestic entity and is scheduled to be executed within 24 weeks from the receipt of approved drawings and manufacturing clearance. The company also clarified that the contract does not involve any promoter interest or related-party transactions.
The order further strengthens Jyoti Limited’s presence in the water infrastructure and pumping solutions segment. Vertical turbine pumps and high-capacity motors are widely used in lift irrigation schemes, water supply projects, power plants, and industrial applications where large volumes of water need to be transported efficiently over long distances and varying elevations.
India continues to invest heavily in irrigation infrastructure under various central and state government initiatives aimed at improving agricultural productivity and water resource management. Large-scale lift irrigation projects play a crucial role in transporting water to drought-prone regions, enhancing irrigation coverage, and supporting rural development. This is expected to drive sustained demand for specialized pumping equipment and hydraulic engineering solutions.
For investors, the latest order enhances Jyoti Limited’s order book and provides additional revenue visibility. Continued order inflows from infrastructure, irrigation, and industrial projects could support capacity utilization and strengthen the company’s position in the electrical and hydraulic engineering equipment market.
Incorporated in 1943, Jyoti Limited is engaged in the manufacturing and marketing of electrical and hydraulic engineering equipment. The company offers a wide range of products, including pumps, hydro turbines, rotating electrical machines, and engineered pumping solutions catering to irrigation, power, water supply, industrial, and infrastructure sectors.
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