Jyoti Structures Starts Getting Bank Guarantees, Letters of Credit; Shares Surge 15%

Mumbai, November 11: Jyoti Structures Limited has announced progress in securing access to bank guarantees and letters of credit from its lenders, a development that could strengthen the company’s ability to execute projects and participate in new tenders. The announcement follows a National Company Law Appellate Tribunal (NCLAT) order directing lenders to release the facilities under the company’s approved resolution plan.

Jyoti Structures Gains Access to Bank Guarantees and Letters of Credit

According to the company’s press release dated November 11, 2026, lenders have started progressively releasing bank guarantee and letter of credit facilities that were envisaged under its resolution plan. The resolution plan was originally approved by the Mumbai Bench of the National Company Law Tribunal (NCLT) on March 26, 2018, under the Insolvency and Bankruptcy Code, 2016. The company said an NCLAT order dated May 26, 2026, directed lenders to release or disburse the facilities in accordance with the approved resolution plan. The resolution plan had envisaged bank guarantees and letters of credit worth ₹510.59 crore. After a delay of more than five years, lenders are now progressively making these facilities available at the company’s request, based on its business requirements. Jyoti Structures explained that the earlier non-availability of these facilities had restricted its ability to execute its order book. With access gradually being restored, the company expects to strengthen its operational position, execute existing projects and pursue additional opportunities in the power transmission and infrastructure sectors. Bank guarantees and letters of credit are particularly relevant to engineering, procurement and construction companies, as these instruments help them meet tender requirements, secure contracts and fulfil project-related obligations.

Stock Market Snapshot

The Jyoti Structures share price was trading at approximately ₹12.45, up around ₹1.64 or 15.2%, compared with previous close of ₹10.81, during morning trading on Wednesday, November 11, 2026. The stock opened near ₹10.70 and moved steadily higher, crossing ₹12 during the session. The chart shows the price reaching approximately ₹12.50, reflecting strong buying interest following the company’s announcement.

About Jyoti Structures

Jyoti Structures Limited is an Indian engineering, procurement and construction (EPC) company specialising in power transmission infrastructure. The company provides end-to-end solutions for transmission lines and substations, including design, engineering, manufacturing, supply, construction and commissioning. It has executed projects across India and overseas markets, supporting the development of electricity transmission networks and related infrastructure.

Conclusion

The progressive availability of bank guarantees and letters of credit marks a significant operational development for Jyoti Structures. These facilities could help the company overcome earlier restrictions on project execution and participate in additional tenders. The company’s ability to convert these facilities into new orders and faster project execution will be a key factor to watch. While the announcement improves its operational flexibility, the financial benefits will depend on future order wins and project delivery.

Source: 

• https://www.nseindia.com/get-quote/equity/JYOTISTRUC/Jyoti-Structures-Limited