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NECO JAYASWAL COMPANY
Tata Capital anchors Rs 2,300-crore refinancing of Jayaswal Neco debtThe refinancing was anchored by Tata Capital with a commitment of about ₹800 crore, alongside Investec at ₹300 crore. Other lenders and inv...
Rising from the ashes: How a 50-year-old smallcap company avoided bankruptcy and delivered 100% returnJayaswal Neco Industries has transformed from near bankruptcy to a financially stronger steel and mining player through debt restructuring,...
Jayaswal Neco to raise ₹3,200 crore in debtThe company will use the funds to repay high-cost money raised from Ares SSG-backed Assets Care and Reconstruction Enterprise (ACRE), the p...
Jayaswal Neco set to raise ₹3,250 crore debtThe loan would be used to refinance high-cost funds raised by the steelmaker from Ares SSG-backed Assets Care and Reconstruction Enterprise...
Investors betting big on high-yielding credit opportunities"The private credit market is buzzing with excitement after the success of the largest low-grade rupee-denominated debt sale that offered a...
Jayaswal Neco in talks with funds to refinance its debt of Rs 3,200 croreDuring the period from December 2018 to April 2021, ACRE acquired Jayaswal Neco's debt from its lenders, and subsequently got a 32% equity ...
Avenue Supermarts and 7 other stocks surge above 200 SMA, indicate bullish momentumSeveral stocks including Morepen Laboratories, Brightcom Group, Avenue Supermarts, Seshasayee Paper and Boards, Supriya Lifescience, Jayasw...
Ares SSG-led Group signs debt recast deal with Jayaswal NecoThe deal involves restructuring ₹5,700 crore loans while Assets Care and Reconstruction Enterprises (ACRE) - an asset reconstruction compan...
Arcil acquires 26% equity in Jayaswal Neco unitArcil provides Rs 90-95 crore loan to NSSL, acquires loans from SBI, Union Bank of India and Sicom.
NCLT asks Jayaswal Neco, SBI to furnish details of SC petitionSBI's 2018 complaint in the NCLT against Nagpur-based Jayaswal Neco was in demand of dues to the tune of Rs 518 crore.
SC directs status quo on Jayaswal Neco resolution processStatus quo will be maintained, a bench led by Justice Ranjan Gogoi directed on Monday. The bench issued notices to all parties on the compa...
ICRA downgrades Rs 4360 crore loan facilities of Jayaswal Neco to junkPrior to the downgrade to D which indicates default grade, in the company was rated as investment grade or BBB-.
Five private mining firm employees kidnapped by Maoists; 1 released"Five employees of Neco Jayaswal Company were abducted this morning from Chargaon iron ore mines under Siksod police station limits," Meena...
Coal Ministry issues showcause notices to Adani Power, Jayaswal Neco for delaysThe Coal Ministry has issued show cause notices to Adani Power and Jayaswal Neco Industries Ltd for delays in developing the mines allocate...
Coalgate: IMG for scrapping of 3 coal blocks owned by 8 companies such as Electrosteel Castings, Rungta MinesThe inter-ministerial group (IMG) also recommended deduction of bank guarantee of four companies - Arcelor Mittal, GVK Power, Jayaswal Neco...
- Coalgate: One family that struck gold in coal mines
Of the five companies raided on Tuesday, three belong to one family - the Nagpur-based Jayaswals. Split in two businesses, they are among t...
- Jayaswal Neco completes debt tie up for 600 MW power plant; stocks up
Company borrows Rs 2400 cr from Power Finance Corporation to fund the commercial power plant coming up in Chattisgarh.
- Buy Jayaswal Neco for target of Rs 39: Nirmal Bang
Nirmal Bang Securities has recommended investors to buy shares of Jayaswal Neco Industries for a target of Rs 39 in the short term.
- Heard on the Street
The stock of Nagpur-based Jayaswal Neco Industries has appreciated by almost 15% over the past one month, on rumours of the company going i...
- HC pulls up mining firms for not paying sufficient royalty
The Delhi High Court has pulled up mining companies for making fortunes out of countries mineral resources without paying "sufficient" roya...