Jyoti Structures' Remarkable Comeback: Small Company's 10-Year Fight Leads to 40% Stock Surge, Surprising Market
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Jyoti Structures' 10-Year Comeback: Share Jumps 40% After NCLAT Order
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CNBC Awaaz•25-02-2026, 14:33
Jyoti Structures' 10-Year Comeback: Share Jumps 40% After NCLAT Order
•Jyoti Structures, once in insolvency, sees its share price surge by 36% in a month and 26% in 2026, attracting significant investor attention.
•The company's decline began due to a dispute with Power Grid Corporation and reduced government projects, leading to insolvency in 2017.
•A 2019 resolution plan faced hurdles as banks delayed rolling over crucial non-fund-based facilities like bank guarantees, impacting project execution.
•NCLAT's strict order on February 16 directed banks to issue over 1350 crore rupees in bank guarantees, warning of civil imprisonment for non-compliance.
•The company is also securing new business, including a Power Grid project and repeat orders from Adani Group, signaling a strong operational recovery.
