New Delhi, Nov 5: Jyoti Structures Ltd today said it has formed a Joint Venture(JV) company at Johannesburg in South Africa.
The JV company, Jyoti Structures Africa, will help in participating in the transmission line markets of Southern Africa, a company statement said.
Jyoti Structures Africa was awarded a 75 million dollars contract for execution of approximately 650 km of 350 KV High Voltage DC transmission line from Gerus to Zambezi in Namibia by NamPower, the electricity utility of Namibia. The contract is to be executed in 18 months, the statement added.
Jyoti Structures, a leader in providing turnkey solutions in the field of high voltage power transmission lines and substations, registered a substantial growth of 47.86 per cent in net profit for the second quarter ended September 2007.