Jayaswal Neco Achieves Financial Closure for ₹720 Crore Pellet Plant Expansion
Jayaswal Neco Industries Limited achieved financial closure for a new 1.50 MnTPA Pellet Plant at Raipur. The project cost is ₹720 Crores, financed by ₹540 Crores debt and ₹180 Crores equity. Construction will take 24 months from first drawdown. This expansion utilizes iron ore from captive mines.
The announcement pertains to a major capital expenditure project with significant financial implications and strategic importance for future operations.
The company has achieved financial closure for a significant expansion project, indicating positive progress and secured funding.
Jayaswal Neco Industries Limited has announced the achievement of financial closure for its new 1.50 million tonnes per annum (MnTPA) Straight-Grate Pellet Plant, along with a new Raw Material Handling System and associated facilities. This project, located at the company's Integrated Steel Plant Complex in Siltara, Raipur, Chhattisgarh, has received approval from all existing lenders.
The appraised project cost is approximately ₹720.00 Crores. The financing will be structured through ₹540.00 Crores in sanctioned Term Debt and ₹180.00 Crores from Equity and Internal Accruals. The rationale behind this crucial business expansion is to utilize iron ore from the company's captive iron ore mines.
The construction period for the proposed capacity addition is estimated to be 24 months, commencing from the date of the first drawdown of the Term Debt, which is yet to materialize. This update follows a previous intimation dated April 25, 2026, regarding the project.
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