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.
What Jayaswal files
- Others63
- Updates14
- Board Meeting14
- Important9
- Insider Trade8
- Credit Ratings2
Jayaswal Neco Industries clarifies no undisclosed material information is driving volume increase; believes it's market-driven. Company reaffirms compliance with disclosure norms.
Jayaswal Neco Industries has paid a fine of ₹75.59 lakh for delayed submission of its shareholding pattern. This is the sole financial impact.
JNIL clarified media reports regarding DATASEL S.R.L., Italy. DATASEL, though part of the same promoter group, is not a JNIL subsidiary/associate. JNIL has no transactions with it, confirming no financial impact on JNIL from any DATASEL consequences.
Jayaswal Neco Industries saw Q1 revenue jump to ₹2106.56 Cr and profit to ₹193.92 Cr. The board approved the AGM and re-appointed auditors. A legal update noted properties worth ₹307.58 Cr remain attached pending an ongoing Supreme Court case, despite earlier favorable rulings.
Jayaswal Neco reports robust Q1 results: Sales up 27.7%, PAT up 108.5%. Capacity expanded for Blast Furnace, DRI, and Iron Ore Mine. Initiated new ₹720 Cr Pellet Plant & ₹40.97 Cr renewable power. Debt reduced by ₹160 Cr via cash sweep.