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Jayaswal Neco Industries surges on entering into MoU with Ministry of Steel

The company has entered into MoU for participating in the PLI Scheme 1.2 for Specialty Steel

Jayaswal Neco Industries is currently trading at Rs. 79.61, up by 1.88 points or 2.42% from its previous closing of Rs. 77.73 on the BSE.

The scrip opened at Rs. 77.39 and has touched a high and low of Rs. 80.46 and Rs. 76.86 respectively. So far 256973 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.30 on 05-Jan-2026 and a 52 week low of Rs. 26.06 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 80.46 and Rs. 72.71 respectively. The current market cap of the company is Rs. 7753.42 crore.

The promoters holding in the company stood at 55.15%, while Institutions and Non-Institutions held 1.50% and 43.35% respectively.

Jayaswal Neco Industries has entered into a Memorandum of Understanding (MoU) on February 09, 2026 with the Ministry of Steel (MoS), Government of India for participating in the PLI Scheme 1.2 for Specialty Steel.

The Company has signed MoU for Alloy Steel including Stainless Steel Rolled-Long Products category under the Capacity Augmentation option committing investments in its existing Steel making facilities for Rs 45.08 crore with Committed Enhancement in the Annual Production of 18,000 TPA, 30,000 TPA, 55,000 TPA & 80,000 TPA respectively in the financial years 26-27, 27-28, 28-29 and 29-30.

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.