Neco Industries Limited, as it stands today, started in 1976 as a small scale Iron Foundry unit at Nagpur. Today Jayaswal Neco Industries Limited (Foundry Division) has grown to be India’s largest producer of Iron & Steel castings with an installed capacity of 140,000 MTPA. Its foundries are located across the states of Maharashtra & Chhattisgarh. In 1996, JNIL established a 1 Million MTPA Steel plant at Siltara Growth Centre (Raipur). The Steel Plant Division produces Iron & Steel products catering to the need of Automotives, Engineering, Power, Railways, Bearings, Structural and Fasteners Industries in India. JNIL-Steel Plant Division has an installed production capacity of 700,000 MTPA through the Blast furnace route and another 300,000 MTPA through the Direct Reduced Iron (DRI) route. Its products include speciality Steels: Hot Rolled Bars in Rounds & Squares, Wire rods in coils and high strength Leaf springs in Flats. The plant also boasts of 5 captive power plants based on waste heat recovery which produces about 60 MW/day. The Steel plant is under expansion that will see its capacity to be enhanced to about 2 Million MTPA by 2015. The Neco Group has also been granted Coal and Iron Ore mines in the State of Chhattisgarh and Jharkhand and has undertaken setting up of Thermal Power Stations of 3240 MW in the State of Chhattisgarh and 500 MW in Jharkhand in the next few years. The company will soon start operating its coking coal mines in Jharkhand to feed its existing coke ovens at the Siltara, Raipur plant.
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