Jyoti Structures began receiving bank guarantees and LCs after an NCLAT order, clearing a key hurdle for its power projects.

Jyoti Structures Limited said in a press release dated 11 November that lenders are now releasing these facilities in stages.

The company requests them as its business needs arise.

The amount at stake is Rs 510.59 crore, which is what its resolution plan envisaged.

Reports on the announcement do not say how much has reached the company so far.

A bank guarantee is a bank’s promise that a contractor will deliver what it signed up for. Transmission firms often need one to bid for a tender or start work.

Letters of credit do a similar job for payments to suppliers. Without these lines, taking on new projects gets difficult.

The National Company Law Tribunal approved the resolution plan on 26 March 2018. Lenders still held back the facilities.

A National Company Law Appellate Tribunal (NCLAT) order dated 26 May 2026 then directed them to release the facilities, and the company puts the delay at more than five years.

Jyoti said the missing lines had limited its ability to carry out its order book. With access returning, it expects to complete current projects and take up more work in power transmission and infrastructure.

The company has work in hand. Its standalone net profit for the September quarter rose 58.1% to Rs 15.37 crore from Rs 9.72 crore, while revenue climbed 61.6% to Rs 243.84 crore from Rs 150.84 crore, as per results reported on 3 November.

For the first half of the year, revenue reached Rs 495.30 crore against Rs 307.03 crore a year earlier. Its order book stood at Rs 4,219 crore on 30 September.

New orders worth Rs 2,322 crore have come in during FY27 so far. It also secured an order worth about Rs 690 crore in October.

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