Jayaswal Neco Industries Limited
Jayaswal Neco Industries Limited (JNIL) is the flagship company of NECO Group of Industries. Started in 1976 as a small-scale Iron Foundry unit, Jayaswal Neco Industries Limited (Foundry Division) is now a producer of Iron & steel castings. The Company is engaged in the manufacturing and supply of billets, rolled products, pig iron & skull, sponge iron, pellet, steel, and Iron & steel castings.
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Jayaswal Neco ramped up green capex to 16.59%, investing in energy efficiency and procuring 5.36 MW solar power, with plans for 104 MW more. The company improved water, waste, and emissions intensity. CSR efforts benefited over 400,000. No regulatory penalties or product recalls were reported.
JAYNECOIND has approved a Rs 720 Cr expansion for a new 1.5 MnTPA Pellet Plant at its Raipur facility. This 24-month project, funded via debt/equity, aims to enhance integration and efficiently utilize captive iron ore.
Jayaswal Neco (JAYNECOIND) signed an MOU with the Ministry of Steel for the PLI Scheme 1.2. It commits Rs. 45.08 Cr investment in existing facilities for specialty steel, targeting annual production enhancements of 18k, 30k, 55k, and 80k TPA in future years. This boosts special steel capacity.
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Jayaswal Neco Industries has approved the early repayment of its Non-Convertible Debentures (NCDs). The company will fully redeem 3,20,000 debentures, amounting to ₹3,200 crore. This action, which includes final interest due, will significantly reduce the company's outstanding debt obligations. The repayment is slated for early December. This strategic financial move...