Jayaswal Neco Industries Ltd inks MOU for 2 MTPA integrated steel plant in Maharashtra

As a part of its commitment towards enhancing the Country's Steel production capacities and its responsibility for contributing towards industrialization in its home State of Maharashtra, Jayaswal Neco Industries Limited has entered into a Memorandum of Understanding (MOU) on 22nd January, 2026 at Davos, Switzerland with the Government of Maharashtra for setting up a Two Million Tonnes Per Annum World Class Integrated Steel Plant at Gadchiroli District, Maharashtra.

The Proposed Project Investment is for Rs. 12,262 Crores with Projected Direct Employment of 2600 staff/workers.

The Government of Maharashtra has been kind enough to agree to facilitate the Company in obtaining necessary permissions / registrations / approvals / clearances / fiscal incentives etc. from the concerned departments of the State, as per the policies/rules and regulations.

Shares of Jayaswal Neco Industries Limited was last trading in BSE at Rs. 71.72 as compared to the previous close of Rs. 73.93. The total number of shares traded during the day was 663788 in over 2261 trades.

The stock hit an intraday high of Rs. 74.75 and intraday low of 71.00. The net turnover during the day was Rs. 48087883.00.

Source : Equity Bulls

Keywords

JayaswalNecoIndustries INE854B01010 MOU 2MTPA IntegratedSteelPlant Gadchiroli