Electrical Engineering Company Bags Order Worth Rs 6,19,50,000 from Transmission Corporation of Andhra Pradesh Limited
The stock gave multibagger returns of 520 per cent in just 3 years and a whopping 1,000 per cent in 5 years.
Jost's Engineering Company Ltd has secured a significant order, receiving a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited for the supply of 21 units of 12KV Automatic Capacitance & Tan Delta test kits. This domestic order, valued at approximately Rs 6,19,50,000 (Rupees Six Crore Nineteen Lakh Fifty Thousand only), is a crucial win for the company. As per the terms, the delivery of these specialized test kits, essential for electrical infrastructure, is expected to be completed within four months from the date of the LOI, which was issued on May 27, 2025.
Additionally, notice is hereby given that the meeting of the Board of Directors of the Company will be held on Thursday, the 29th May, 2025. The agenda for this crucial meeting inter-alia includes considering and approving the Audited Financial Results for the quarter and year ended March 31, 2025. Furthermore, the Board will discuss the recommendation of a dividend, if any, for the financial year ended March 31, 2025, which will then be put forth for the approval of the shareholders at the upcoming Annual General Meeting. Finally, the directors will also address other usual routine matters, including any additional topics brought before the Board with the consent of the chair.
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Incorporated in 1907, Josts Engineering Company Ltd is a long-standing player in the manufacturing of material handling equipment (MHD) and a provider of engineered products (EPD) solutions. Its diverse applications cater to various industries, including Power, Oil & Gas, Defence, Aerospace, Information Technology, Automobile, Education, Steel, Oil, and Mining. The company boasts a robust service network across India, comprising 7 service centers and 17 dealers.
On Wednesday, shares of Jost’s Engineering Company Ltd plunged 1.24 per cent to Rs 537.60 per share from its previous closing of Rs 544.35 per share. The company has a market cap of over Rs 530 crore and has delivered good profit growth of 28 per cent CAGR over the last 5 years. The stock gave multibagger returns of 520 per cent in just 3 years and a whopping 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.