New Launch27 Jan 2026, 05:11 pm
Jayaswal Neco Industries Ltd Signs MoU with Government of Maharashtra for a 2 MTPA Integrated Steel Plant
AI Summary
Jayaswal Neco Industries Ltd has entered into a Memorandum of Understanding (MoU) with the Government of Maharashtra for setting up a Two Million Tonnes Per Annum (MTPA) World Class Integrated Steel Plant at Gadchiroli District, Maharashtra. The proposed project investment is for INR 12,262 Crores with projected direct employment of 2600 staff/workers. The Government of Maharashtra has agreed to facilitate the Company in obtaining necessary permissions, registrations, approvals, clearances, and fiscal incentives from the concerned departments of the State.
Key Highlights
- Jayaswal Neco Industries Ltd has signed an MoU with the Government of Maharashtra for a 2 MTPA Integrated Steel Plant.
- The proposed project investment is INR 12,262 Crores with projected direct employment of 2600 staff/workers.
- The Government of Maharashtra will facilitate the Company in obtaining necessary permissions, registrations, approvals, clearances, and fiscal incentives.
- The MoU was signed at Davos, Switzerland on 22nd January, 2026.