JYOTI LTD. Secures Rs.1616.48 Lakhs Order for Design and Manufacturing of 11 Pumps with HT Motors

JYOTI LTD. has announced the receipt of a Letter of Intent (LOI) for an order worth Rs.1616.48 Lakhs (Excluding GST) from Karan Development Services Pvt. Limited. The order involves the design, manufacturing, supply, testing, and commissioning of 11 pumps with HT Motors for the Handia Barrage project in Madhya Pradesh. The payment terms, packing, forwarding, and freight are included in the LOI. The order is to be executed within 8/9 months. The order does not fall under related party transactions and is done at 'arms length'.