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| ISSUE OF EQUITY WARRANTS/EQUITY |
| SHARES TO PROMOTERS & OTHERS ON PREFERENTIAL ALLOTMENT BASIS |
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At the Extraordinary General Meeting held on 24th August, 2010, the Members of Jyoti Ltd., has inter-alia considered, approved, offer, issue and allotment on preferential basis subject to all other necessary approvals -
- Upto 1,20,000 Equity Warrants to Tejal Rahul Amin, Promoter of the Company and upto 8,80,000 Equity Warrants to Insutech Industries Pvt.Ltd., Promoters Group Entity, such that each warrant would be convertible into 1 fully paid-up Equity Share of Rs.10/- each at an exercise price of Rs.83/- (including premium of Rs.73/-) per warrant within 18 months from the date of its allotment.
- Upto 18,00,000 Equity Shares of Rs.10/- each at Rs.83/- (including premium of Rs.73/-) per share issued to the following:
Sr.No. |
Name of the proposed allottees |
No. of
Shares |
1 |
Minal B. Patel |
12,00,000 |
2. |
Finquest Financial Solutions Pvt.Ltd. |
6,00,000 |
- Upto 12,00,000 Equity Shares of Rs.10/- each at Rs.83/-(including premium of Rs.73/- ) per share to Nirma Chemical Works Pvt. Ltd.
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| COMPANY NEWS |
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Jyoti Limited today is a Rs.291 crore company having its presence in core sectors. Today JYOTI is well recognized in Power, Irrigation & Water Supply projects. JYOTI has recently commissioned 14 MW pump each delivering 7 cu mec. of water against a head of 140 mtrs. These pumps are installed in the state of Andhra Pradesh. JYOTI is already executing Circulating Water system of 3 x 500 MW Indira Gandhi Super Thermal Power Project for Aravali Power Company Pvt. Ltd. wherein six Circulating Water Pumps each having capacity of 30,000 cum/hr are to be supplied and commissioned.
JYOTI has recently received turnkey order from M/s Bhartiya Rail Bijlee Company Limited (Joint Venture between NTPC & Indian Railways) for Circulating Water system and Make up water system equipment package for (4 x 250 MW) NABINAGAR THERMAL POWER PROJECT. The scope of work involves Design, Manufacture, Supply, Erection & commissioning of Circulating Water Pumps & Motor, make-up Water Pumps & Motors, Station Auxiliary Circulating Water Pumps & Motors along with Allied equipments like Butterfly Valves, cranes, Piping, Instrumentation, etc. The order is worth INR 16.5 crores.
JYOTI is also executing a Raw Water System for MAHAGENCO worth INR 8 crores.
JYOTI has received a prestigious order from Director General of Naval Dockyard through M/s Hindustan Construction Company for INR 85 crores for re-construction and completion of Dry Dock. The order includes supply, erection and commissioning of complete Electro-mechanical work and the pumps to be supplied are in special Material of Construction suitable for sea water application.
JYOTI has wide presence also in Irrigation & Water Supply sector and have recently received order from Jammu Tavi Irrigation Department, NVDA (Narmada Valley Development Authority). JYOTI has also received three orders through IVRCL for various Lift Irrigation Schemes in the state of Karnataka.
Today JYOTI is geared up to meet all challenges and is determined to play a very important role in the core sectors of Power and Water Management to support infrastructure growth of the country. |
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1200 Vm Model Develpment  |
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| 800 Vm Pump |
Our R&D (Pumps) division has developed a new high flow, low head pump for REWA Lift Irrigation Project.
The Specifications are as under.
Pump type : Vertical Mixed Flow Pump
Pump size : 800 VM
Capacity : 1,37,570 LPM
Head : 17.7 M
Speed : 720 RPM
Manufacturing action is initiated for this project. |
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| Horizontal Francis Turbine model (330HF) |
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| New Horizontal Francis Turbine model (330HF) has been developed & tested successfully. The model was having 330 mm diameter & designed for 15 m of head. The prototype head range for this model will be 52 m + 25%. |
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Jyoti Medium Voltage Indoor Switchgear from 25kA to 40kA
successfully type tested as per IEC 62271-100 and IEC 62271-200 at
Pehla Laboratory, Ratingen Germany . |
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