Jyoti Structures surges as lenders release Rs 511 crore bank guarantee facilities

Jyoti Structures surged 16.57% to Rs 12.59 after the company announced the release of bank guarantees and letters of credit by its lenders.

The facilities are being made available under its resolution plan approved by the National Company Law Tribunal (NCLT).

The company said lenders had progressively released the facilities following its requests. The resolution plan envisaged bank guarantees and letters of credit worth Rs 510.59 crore.

The release follows an order passed by the National Company Law Appellate Tribunal (NCLAT), New Delhi, on 26 May 2026. The company had subsequently requested lenders to release the facilities in accordance with the approved resolution plan.

Jyoti Structures said the non-availability of these facilities had constrained its ability to execute its order book. Their release is expected to strengthen its operational capabilities and support execution of existing projects.

The company also expects the improved availability of bank guarantees and letters of credit to help it pursue new opportunities in power transmission and infrastructure.

Jyoti Structures is an engineering, procurement and construction (EPC) company specialising in power transmission infrastructure. Its operations include designing, engineering, manufacturing, supplying, constructing and commissioning transmission lines and substations.

On a consolidated basis, Jyoti Structures' net profit rose 58.54% to Rs 15.41 crore while net sales rose 61.65% to Rs 243.84 crore in Q2 September 2026 over Q2 September 2025.

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