Mumbai, February 10, 2026 (Udaipur Kiran): Shares of Jayaswal Neco Industries Limited moved higher on Tuesday after the company announced that it has entered into a Memorandum of Understanding (MoU) with the Ministry of Steel, Government of India, for participation in the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel.
The stock was trading at ₹79.61 on the BSE, up ₹1.88 or 2.42 per cent from its previous close of ₹77.73. It opened at ₹77.39 and touched an intraday high of ₹80.46 and a low of ₹76.86. A total of 2,56,973 shares were traded on the counter during the session.
The BSE Group ‘B’ stock, with a face value of ₹10, has recorded a 52-week high of ₹94.30 on January 5, 2026, and a 52-week low of ₹26.06 on April 7, 2025. Over the past one week, the stock moved between a high of ₹80.46 and a low of ₹72.71. The company’s market capitalisation currently stands at ₹7,753.42 crore.
Promoters hold 55.15 per cent stake in the company, while institutional investors and non-institutional investors hold 1.50 per cent and 43.35 per cent respectively.
Jayaswal Neco Industries said it signed the MoU on February 9, 2026, with the Ministry of Steel for Alloy Steel, including Stainless Steel Rolled-Long Products category, under the Capacity Augmentation option of the PLI Scheme. Under the agreement, the company has committed an investment of ₹45.08 crore in its existing steelmaking facilities.
The proposed capacity enhancement includes additional annual production of 18,000 tonnes in FY 2026-27, 30,000 tonnes in FY 2027-28, 55,000 tonnes in FY 2028-29 and 80,000 tonnes in FY 2029-30.
Jayaswal Neco Industries is engaged in manufacturing and supplying a range of sanitary castings, including centrifugally cast iron pipes and fittings, cast iron manhole covers with frames, and other cast iron products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
