India, Nov. 11 -- Every transmission line in India starts with a promise on paper. Before a contractor lifts a single tower, banks have to stand behind it with guarantees and letters of credit. Without that backing, even a skilled EPC player watches the bigger orders go elsewhere.

The Nifty 50 was trading at 25,387.05, up 1.37%. On the other hand, Sensex also rose 1.57% to 82,376.45 on Wednesday. Meanwhile, shares of Jyoti Structures Ltd. jumped 16.48 percent from the previous close of Rs. 10.81 on the NSE. The stock opened at Rs. 10.97 and touched an intraday high of Rs. 12.93 and a low of Rs. 10.95.

What's the News The rally followed the company's 11 November announcement that its lenders have started releasing bank guarantees and le...