Jayaswal Neco ties up debt for Rs 3,300 crore expansion
Steel

Jayaswal Neco ties up debt for Rs 3,300 crore expansion

Neco Group’s flagship company, Jayaswal Neco Industries, has tied up debt for its Rs 3,267 crore expansion in steel, mining and power projects. The company has commenced planning and implementation of its expansion of 0.1 mtpa coke oven plant, expansion of steel melt shop by 0.45 mtpa and rolling mill by 0.35 mtpa, modernisation of its existing wire rod mill, setting up of 0.3 mtpa sponge iron plant, setting up of 62 MW captive power plants, development of non-coking coal mines along with 3 mtpa coal washery, development of its iron ore mines in Chhattisgarh and development of its coking coal mines with 1 mtpa coal washery in Jharkhand. After expansion, the company would have 1.3 mtpa of iron making capacity, 105 MW captive power plants, 1.1 mtpa of finished steel making capacity, 4 mtpa of coal washeries, 0.2 mtpa of coke oven plants, 0.8 mtpa sinter plants and 0.1 mtpa of ferrous casting capacities.

Contact: Jayaswal Neco Industries. Tel: 07104-237 276, 237 471. Fax: 07104-236 255, 237 583. E-mail: contact@necoindia.com

Neco Group’s flagship company, Jayaswal Neco Industries, has tied up debt for its Rs 3,267 crore expansion in steel, mining and power projects. The company has commenced planning and implementation of its expansion of 0.1 mtpa coke oven plant, expansion of steel melt shop by 0.45 mtpa and rolling mill by 0.35 mtpa, modernisation of its existing wire rod mill, setting up of 0.3 mtpa sponge iron plant, setting up of 62 MW captive power plants, development of non-coking coal mines along with 3 mtpa coal washery, development of its iron ore mines in Chhattisgarh and development of its coking coal mines with 1 mtpa coal washery in Jharkhand. After expansion, the company would have 1.3 mtpa of iron making capacity, 105 MW captive power plants, 1.1 mtpa of finished steel making capacity, 4 mtpa of coal washeries, 0.2 mtpa of coke oven plants, 0.8 mtpa sinter plants and 0.1 mtpa of ferrous casting capacities. Contact: Jayaswal Neco Industries. Tel: 07104-237 276, 237 471. Fax: 07104-236 255, 237 583. E-mail: contact@necoindia.com

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