Jyoti Structures

The uptick in Jyoti Structures share price came after the company announced that it has received a Notification of Award worth ₹288.36 crore from AESL Projects Limited.

Jyoti Structures share price: Excluding Adani Energy's latest order, Jyoti Structures boasts of orders worth approximately Rs 2,000 crore, in hand

The uptick in Jyoti Structures share price came after the company announced that it has received a Notification of Award (NoA) for a project worth Rs 741.28 crore in Khavda, Gujarat, from Power Grid

The rise in the Jyoti Structures share price came after the company announced that its Board of Directors has approved the fund raise by way of equity shares for up to Rs 500 cr via rights issue

In Q2FY25, Jyoti Structures reported a 36.9 per cent decline in consolidated net profit to Rs 7.06 crore as compared to Rs 11.19 crore a year ago

The total debt of Jyoti Structures involved in engineering, procurement and construction is to the tune of Rs 7010.55 crore

Jyoti Structures is one of the first twelve companies that faced the insolvency proceedings after the law was enacted

Plan submitted by Netmagic's Sanghi, others should be considered afresh by NCLT Mumbai, says NCLAT

According to the IBC regulations, any resolution plan needs to be approved by a minimum of 66 per cent of the lenders

The company owes lenders around Rs 70 billion, and was part of the Reserve Bank of India's first list of stressed companies to be taken for insolvency proceedings

The Mumbai Bench of the NCLT will hear the matter on April 18

Jyoti Structures is in line to be one of the first large corporate debtors to be made insolvent

According to the IBC, a solution has to be reached by March 31

Jyoti Structures failed to repay dues worth Rs 7,000 crore to Indian banks

If lenders agree to the Amin group's proposal it may mean taking a cut of Rs 3,000-3,500 crore