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This EPC stock under ₹15 hits 20% upper circuit after ₹510 crore bank guarantee release boosts order execution
₹510 crore bank guarantee release boosts order execution, triggering 20% upper circuit in EPC stock under ₹15.
Context
What happened: Jyoti Structures shares hit a 20% upper circuit after lenders began releasing bank guarantees and letters of credit under its NCLT-approved resolution plan, following a May 26, 2026 NCLAT order.
Key numbers: ₹510.59 crore in guarantees and letters of credit released after a five-year delay.
Why it matters: The company said the earlier non-availability of these facilities limited its order book execution. It expects the release to strengthen its operational platform and support efforts in power transmission and infrastructure.
What changed
Jyoti Structures shares hit a 20% upper circuit after lenders began releasing bank guarantees and letters of credit under its NCLT-approved resolution plan, following a May 26, 2026 NCLAT order.
Why it matters
The company said the earlier non-availability of these facilities limited its order book execution. It expects the release to strengthen its operational platform and support efforts in power transmission and infrastructure.