Expansion25 Apr 2026, 07:11 pm
Jayaswal Neco to Set Up 1.5 MnTPA Pellet Plant
AI Summary
Jayaswal Neco Industries Ltd's board approved setting up a new 1.50 MnTPA Straight-Grate Pellet Plant with associated facilities at its Siltara, Raipur plant. The project, aimed at business expansion and utilizing captive iron ore, requires an investment of ₹720.00 Crores, funded through ₹540.00 Crores in term debt and ₹180.00 Crores from equity and internal accruals. The project is expected to be completed within 24 months, subject to lender approval and financial closure.
Key Highlights
- Jayaswal Neco to establish a new 1.5 MnTPA pellet plant.
- Project cost is budgeted at approximately ₹720.00 Crores.
- Funding via ₹540.00 Cr debt and ₹180.00 Cr equity/accruals.
- Project completion targeted within 24 months of construction.
- Expansion driven by business needs and captive iron ore use.