Jyoti Structures receives bank guarantee and LC facilities
13 Nov 2026 CW Team
Jyoti Structures has started receiving bank guarantees and letters of credit (LCs) from its lenders under the resolution plan approved by the National Company Law Tribunal (NCLT). The facilities are expected to strengthen the engineering, procurement and construction (EPC) company's ability to execute its existing order book and pursue new opportunities in the power transmission and infrastructure sectors.
The company said the lenders had progressively begun releasing the facilities following its requests, made in accordance with the NCLT-approved resolution plan and subsequent directions of the National Company Law Appellate Tribunal (NCLAT), New Delhi, dated 26 May 2026.
Under the resolution plan, bank guarantees and letters of credit worth Rs 5.1059 billion were envisaged to be issued or released to the company. Jyoti Structures said the facilities were now being made available in line with its current business requirements, following a delay of five years.
The non-availability of these facilities had constrained the company's ability to execute its order book, it said. Their release is expected to strengthen its operational capabilities and support the execution of existing projects, while enabling it to pursue further opportunities in the power transmission and infrastructure sectors.
Jyoti Structures is an EPC company specialising in power transmission infrastructure. Its services cover the design, engineering, manufacturing, supply, construction and commissioning of transmission lines and substations in India and international markets.