Bank of India transfers Jayaswal Neco’s debt to Assets Care

Jayaswal Neco Industries has been intimated by Bank of India that it has assigned its Debt of the company to Assets Care & Reconstruction Enterprise (ACRE). With this Debt assignment, Assets Care & Reconstruction Enterprise has acquired around 94.22% of the Principal Outstanding debt as on date of the Company.

Jayaswal Neco Industries manufactures and sells iron and steel, ferrous and nonferrous castings in India. The product range includes HR and CR Sheets and coils, bars and rods apart from carbon and alloy steel. The company also in the business segment of Steel, Iron and Steel Castings.