Jayaswal Neco to Add 1.5 MnTPA Pellet Plant at Raipur for ₹720 Crore
Jayaswal Neco Industries Limited approved a new 1.50 MnTPA Straight-Grate Pellet Plant at Raipur. The project, with a 24-month construction period, will cost ₹720 Crores, financed by ₹540 Crores in term debt and ₹180 Crores in equity/internal accruals. The expansion aims to utilize iron ore from captive mines.
The capacity addition of 1.50 MnTPA and a substantial investment of ₹720 Crores indicate a major strategic move that could significantly impact the company's future operations and market position.
The announcement details a significant capacity addition and business expansion, which is a positive development for the company.
Jayaswal Neco Industries Limited has announced a significant capacity expansion with the approval from its Board of Directors to set up a new 1.50 Million Tonnes Per Annum (MnTPA) Straight-Grate Pellet Plant. This new facility, along with a new Raw Material Handling System and other associated infrastructure, will be established within the company's Integrated Steel Plant located in Siltara, Raipur, Chhattisgarh.
The project represents a crucial business expansion and aims to leverage iron ore from the company's captive mines. The construction period for this new capacity is estimated to be 24 months. The total budgeted project cost is approximately ₹720.00 Crores. This investment will be financed through a combination of Term Debt, projected at around ₹540.00 Crores, and Equity & Internal Accruals, estimated at approximately ₹180.00 Crores.
The Board of Directors approved this strategic move on April 24, 2026. This expansion is subject to the approval of existing lenders and financial closure. The company currently operates a 1.5 MnTPA Pellet Plant with an existing capacity utilization of around 90%.
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Jayaswal Neco Industries Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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