Jayaswal Neco Industries is planning to raise funds upto an amount of Rs 3200 crore for, inter alia, refinancing of existing debt of the company, by way of issuance of unlisted, secured, redeemable, non-convertible debentures (NCDs) in one or more series/ tranches, on private placement basis. The meeting of the Board of Directors of the Company is scheduled on November 3, 2023, inter alia, to consider and approve the same.
Jayaswal Neco Industries (JNIL), the flagship company of the NECO group in India, is the largest producer of Iron and Steel Castings, Pipes and Fittings.