Jyoti Structures Unlocks ₹510.59 Crore in Bank Guarantees After Five-Year Delay

Jyoti Structures has mobilized ₹510.59 crore in bank guarantees and letters of credit under its National Company Law Tribunal-approved resolution plan, ending a five-year delay. ScanX reported the release on November 11, 2026. The power transmission EPC contractor said the instruments will support execution of its growing order book.

How the Guarantee Release Unfolded

Lenders began progressive disbursal after a National Company Law Appellate Tribunal order dated May 26, 2026. Jyoti Structures then made specific requests to lenders for the release of facilities in line with the NCLT-approved resolution plan. The company said the non-availability of these guarantees had previously constrained its capacity to bid for and secure large-scale infrastructure contracts.

Bank guarantees and letters of credit serve as collateral for project bids and performance securities in the capital goods and infrastructure sector. The company said the progressive release of the ₹510.59 crore facility aligns with current business requirements and facilitates execution of transmission line and substation projects. Jyoti Structures is an Indian public EPC contractor founded in 1974 and headquartered in Mumbai, delivering turnkey extra-high-voltage transmission lines, substations and tower manufacturing, according to company records.

Jyoti Structures' Resolution and Capacity Moves

According to akta.pro company records, Jyoti Structures secured an NCLT order in February 2026 directing non-fund based lenders to release rolled-over NFB limits within one month, resolving a working capital constraint after its insolvency resolution. In February 2026 the company also commissioned galvanisation operations at its Nashik facility, raising that unit's capacity to 69,000 MT annually. In May 2026 it entered a joint venture with Hayleys Fentons Limited to construct the Mannar-Mullikulam 220 kV double circuit transmission line in Sri Lanka, awarded by the National Transmission Network Service Provider under the Mullikulam Wind Power Transmission Project.

Earlier Milestones in Jyoti Structures' Recovery

On August 4, 2026, Jyoti Structures reported a 74.4% surge in standalone net profit to ₹19.46 crore for Q1FY27, with EBITDA rising 90% to ₹24.97 crore, and announced plans to raise up to ₹250 crore, ScanX reported. On August 13, 2026, shareholders at the company's 51st Annual General Meeting approved the FY26 standalone and consolidated financials and authorized an increase in share capital, according to ScanX. On October 14, 2026, Jyoti Structures won the OSH India Award 2026 for safety innovation on its 400 kV LILO transmission project in Ahmedabad, The Tribune reported.

What Comes Next for Jyoti Structures

Abdul Hameed Khan, Whole Time Director, said the company's growth was driven by a strong order book, improved execution capabilities and continued operational efficiencies, and that it is well positioned to capitalise on emerging market opportunities given the promising order pipeline and sector tailwinds in Transmission & Distribution. The company's order book stood at ₹4,219 crore as on September 30, 2026, with ₹2,322 crore in new orders secured in FY27 to date.