Joint Venture24 Jan 2026, 08:51 pm
Jayaswal Neco Industries Ltd Signs MoU with Maharashtra Government for a 2 MTPA Integrated Steel Plant
AI Summary
Jayaswal Neco Industries Ltd has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra on 22nd January, 2026 at Davos, Switzerland. The MoU is 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 312,262 Crores and is expected to provide direct employment to 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 signs MoU with Government of Maharashtra for a 2 MTPA integrated steel plant.
- The proposed project investment is INR 312,262 Crores.
- The project is expected to provide direct employment to 2600 staff/workers.
- The Government of Maharashtra will facilitate necessary permissions, registrations, approvals, clearances, and fiscal incentives.
- The MoU was signed at Davos, Switzerland on 22nd January, 2026.