Founded in 1972, Jayaswal Neco Industries, a smallcap company with a market cap of just over Rs 7,200 crore, is one of India’s oldest private-sector integrated steel companies, with operations spanning mining, iron-making and rolled steel products. However, the company had a tumultuous journey from heading to near bankruptcy to scripting a strong rebound with debt reduction and improved operations.
What the company does
Jayaswal Neco Industries Ltd (JNIL) is an integrated steel producer engaged in manufacturing pig iron, sponge iron, billets, rolled products and ferro alloys, supported by captive mining and power assets. Its operations are concentrated in Chhattisgarh and Maharashtra, where the company runs blast furnaces, steel…