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JAYN – Jayaswal Neco Industries Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Jayaswal Neco Industries Limited is engaged in producing iron and steel castings, pipes, and fittings. The Company’s segments include Steel, Iron and Steel Castings, and Other. The Steel segment is engaged in the manufacture and sale of pig iron, billets, rolled products, sponge iron, and includes its captive power plants at its unit located at Siltara, Raipur and mining activities in the state of Chhattisgarh and Maharashtra. The Iron and Steel Castings segment comprises of manufacture and sale of engineering and automotive castings with production facilities at Nagpur, Bhilai and Anjora. The Other segment comprises of trading of coal, coke, and polyvinyl chloride (PVC) pipes. The Company serves various industries, including automotive, power, railways, bearings, structural and fasteners industries, heavy engineering sector, refineries, power plants, steel plants, chemical plants and pipelines, material handling equipment manufacturers, and crane manufacturer.

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