JTL Industries bags PSTCL order for transmission towers; Stock hits 20% upper circuit

JTL Industrieson Monday, January 12,  said it has received an order from Punjab State Transmission Corporation Limited (PSTCL) for the manufacture, fabrication and galvanisation of 220kV transmission tower material and substation structures.

The order has been awarded by PSTCL, a domestic entity, and will be executed within FY 2025–26. As disclosed under Regulation 30 of the SEBI Listing Regulations, the contract is a one-time order and does not fall under related party transactions. The company also confirmed that neither the promoter nor the promoter group has any interest in the awarding entity.

The development underscores JTL Industries’ continued engagement in the power transmission segment, with the order covering critical infrastructure components required for high-voltage grid projects. The scope includes manufacturing, fabrication and galvanisation, aligning with the company’s stated operational capabilities.

Following the disclosure, investor sentiment remained firm, with the stock recording a sharp rally during the session. JTL Industries was among the top gainers on the NSE, rising 20% amid strong buying interest.

Also read: JTL Industries shares gain after company bags order worth ₹24 crore for the Jal Jeevan Mission in Jammu

JTL Industries Limited closed at ₹61.89 on the NSE, up 20% for the day or ₹10.31.