The Blast Furnace (BF) is under Scheduled Shutdown from 10th May, 2024 19:00 Hrs for undertaking Category - One Capital Repairs cum Upgradation which will result in higher productivity and reduction in fuel rate.
The BF of the Company was put into production from November 1996 and had undergone last Category One Capital Repair in 2008. Since then, it is in operations and has successfully completed a campaign life of about sixteen years.
Along with BF, the associated Captive Power Plants, two Sinter Plants, two Steel Melt Shops and the Wire Rod and Light Bar Mills would remain closed during the said period. The Heavy Bar Mill is also planned to be under shutdown from the last week of May, 2024.
However, during the shutdown period, the Company would continue to operate both its Sponge Iron Plants, its Coke Oven Plants, its Waste Heat Recovery based Power Plants and its Pellet Plant at its Steel Plant division. The operations in Foundry divisions would continue.
The Company is expected to resume operations of the BF Post Capital Repairs in around 75 days' time.
Shares of Jayaswal Neco Industries Limited was last trading in BSE at Rs. 50.07 as compared to the previous close of Rs. 50.96. The total number of shares traded during the day was 37860 in over 408 trades.
The stock hit an intraday high of Rs. 51.30 and intraday low of 49.76. The net turnover during the day was Rs. 1905825.00. |
