JSL Signs JV for Sri Lanka 220kV Line
Jyoti Structures Limited has signed a joint venture contract with Hayleys Fentons Limited for the construction of the Mannar–Mullikulam 220kV Double Circuit Transmission Line in Sri Lanka. Valued at ₹67.96 Crores, the project involves building a 28km transmission line to evacuate wind power to the national grid.
*this image is generated using AI for illustrative purposes only.
Jyoti Structures Limited (JSL), a listed global EPC company, has signed a joint venture contract with Hayleys Fentons Limited, Sri Lanka's leading MEP and Solar EPC contractor, for the construction of the Mannar–Mullikulam 220kV Double Circuit Transmission Line in Sri Lanka. The contract has been awarded by the newly established National Transmission Network Service Provider (Private) Limited (NTNSP) under the Mullikulam Wind Power Transmission Project (MWPTP). The mandate involves developing critical transmission infrastructure to evacuate power generated by the Mullikulam Wind Power Projects to Sri Lanka's national grid.
Project Overview
The order pertains to Lot B of the Mullikulam Wind Power Transmission Project. The scope of work involves the construction of a 28km long, 220kV double circuit transmission line from Mannar GS to Mullikulam Collector Grid Substation. The project will be executed by Jyoti Structures Limited India and Fentons as a joint venture EPC contractor. The key details of the contract are outlined below:
| Parameter: | Details |
|---|---|
| Project Name: | Mullikulam Wind Power Transmission Project (MWPTP) |
| EPC Contractor: | Jyoti Structures Limited India and Fentons Joint Venture |
| Location: | Sri Lanka |
| Scope of Work: | Lot B: Construction of 28km long, 220kV double circuit transmission line from Mannar GS to Mullikulam Collector Grid Substation |
| Order Value: | ₹67.96 Crores |
| Exchange Rate Basis: | 1 USD = ₹95.14; 1 LKR = ₹0.29 |
| Completion Period: | 18 months |
| Client: | National Transmission Network Service Provider (Private) Limited |
| Joint Venture Partner: | Hayleys Fentons Limited |
Leadership Perspectives
Senior executives from both joint venture partners have underscored the strategic significance of this project. Amit Dutta, Chief Operating Officer of Jyoti Structures Limited, stated: "Jyoti Structures is proud to partner with Hayleys Fentons on this landmark cross-border project. With our extensive expertise in high-voltage transmission infrastructure across India and beyond, we look forward to delivering a resilient transmission network that will support Sri Lanka's renewable energy ambitions and set a strong benchmark for transmission excellence in the region."
Hasith Prematillake, Managing Director of Hayleys Fentons Limited, commented: "This signing is a declaration of confidence in Sri Lanka's energy future. The Mannar–Mullikulam 220kV transmission line is the artery through which the wind energy potential of the North will flow into our national grid. As we advance our own 50MW wind project in Mannar in parallel, we are proud to be contributing to Sri Lanka's clean energy transition on multiple fronts, and this milestone brings that vision meaningfully closer to reality."
Roshane Perera, Executive Director and Chief Executive Officer of Hayleys Solar, added: "This marks the beginning of a new era for Hayleys Fentons as we expand into the infrastructure sector. The project presents a significant opportunity for the company to unlock new growth potential while creating valuable exposure for our engineering team in power transmission and distribution projects. It will enable our engineers to build specialised expertise in this domain and position the company to successfully undertake similar large-scale infrastructure projects in the future."
Key Highlights
- Order Value: ₹67.96 Crores, computed based on prevailing exchange rates
- Project Type: EPC contract for a high-voltage transmission line
- Geography: International project in Sri Lanka
- Joint Venture Partner: Hayleys Fentons Limited
- Client: National Transmission Network Service Provider (Private) Limited
- Completion Timeline: 18 months from contract commencement
About the Companies
Jyoti Structures Limited is a listed global EPC company with over five decades of experience in power transmission infrastructure. Incorporated in 1974, JSL executes turnkey projects across the power transmission value chain, including design and engineering, consulting, prototype tower testing, manufacturing, construction, and project management. The company also undertakes high-voltage substations, underground cabling, and optical fibre ground wire (OPGW) installations, supporting grid expansion and system reliability across India and international markets.
Founded in 1919, Hayleys Fentons Limited is one of Sri Lanka's first engineering companies and the country's leading Solar EPC and MEP contractor, with over 100 years of engineering excellence. Its key specialisations include Solar, Wind and Utility Projects, Mobility Solutions, ICT Systems, Electrical and Lighting, Fire Safety, Air Conditioning and Ventilation, Plumbing and Gas, Security and Communication, Audio-Visual Integration, UPS and Battery Backup, Facilities Management, Architectural Drawings and 3D Visualisation, Industrial Accessories Trading, and Hydro Solutions.
Historical Stock Returns for Jyoti Structures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.50% | -11.19% | +3.40% | +6.50% | -38.47% | +173.25% |
How might the successful execution of this Sri Lanka transmission project position Jyoti Structures Limited to win additional international EPC contracts across South and Southeast Asia?
What impact could Hayleys Fentons' parallel 50MW Mannar wind project have on the overall timeline and grid integration challenges of the Mullikulam Wind Power Transmission Project?
Given Sri Lanka's ongoing energy sector reforms, how might the newly established NTNSP's future project pipeline evolve, and what opportunities could this create for the JSL-Fentons joint venture?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
