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Jayaswal Neco Industries signs MoU with Government of Maharashtra

27 Jan 2026 Evaluate

Jayaswal Neco Industries has entered into a Memorandum of Understanding (MoU) at Davos, Switzerland with the Government of Maharashtra for setting up a Two Million Tonnes Per Annum World Class Integrated Steel Plant at Gadchiroli District, Maharashtra.

The proposed project investment is for Rs 12,262 crore with projected direct employment of 2600 staff/workers. 

Jayaswal Neco Industries is the leading manufacturer and supplier of a comprehensive variety of sanitary castings which include Centrifugally Cast Iron Pipe & Fittings, Cast Iron Manhole cover with Frames, Cast iron castings etc. 


Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
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