Jayaswal Neco Industries

What Jayaswal Neco Industries does

Jayaswal Neco Industries Limited is a publicly listed Indian manufacturer of cast iron and ductile iron sanitary, municipal, and steel products, headquartered in Nagpur, Maharashtra and operating an integrated steel plant at Siltara near Raipur, Chhattisgarh. The company's core product lines are centrifugally cast iron hubless pipes and fittings for gravity drainage applications (sizes 50mm to 300mm, conforming to ISO 6594, IS 15905, ASTM A888, and CISPI 301) and ductile/cast iron manhole covers, frames, and gratings spanning load grades A-15 through F-900. It operates India's largest alloy steelmaking facility with combined capacity of 1 million TPA of iron and steel and over 175,000 TPA of ferrous and non-ferrous castings, supported by captive iron ore blocks and pellet production.

The company sells primarily B2B through direct enterprise engagement with large construction and infrastructure contractors — including L&T, Ahluwalia Contracts, and Bengal Ambuja — alongside municipal and government tenders and a USA export channel enabled by UPC-I and UMC-I listings. Secondary reach is delivered through the IndiaMART marketplace (66% response rate, 4.2/5 rating across 76 reviews), and brand visibility is reinforced through the NECO Master Blaster franchise in the Vidarbha Premier League. FY2026 standalone net sales reached Rs 7,131.82 crore (up 18.87% YoY) with net profit of Rs 463.11 crore (up 311% YoY), an India Ratings BBB+/Stable rating, and a forward capex pipeline exceeding Rs 13,000 crore anchored by a Rs 12,200 crore 2 MTPA steel plant MoU in Gadchiroli, Rs 720 crore of pellet capacity expansion at Siltara, and a Rs 400+ crore specialty steel commitment under the Ministry of Steel PLI Scheme.

Name

Jayaswal Neco Industries

Legal name

Jayaswal Neco Industries Limited

Website

https://jayaswalneco.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jayaswal Neco Industries Limited is a publicly listed Indian manufacturer of centrifugal cast iron hubless pipes, ductile iron manhole covers, and integrated steel products serving construction, infrastructure, municipal, and US export customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Nagpur

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel and Cast Iron Products Manufacturing: Manufacturing and sale of centrifugally cast iron pipes and fittings, ductile iron and cast iron manhole covers, frames and gratings. Revenue generated from direct B2B sales to construction companies, infrastructure developers, and municipal bodies. Q4 FY26 net sales of Rs 1,974.24 crore (17.85% YoY growth).
2. Integrated Steel Plant Operations: Operation of integrated steel plant with iron ore blocks and pellet production capacity. Siltara facility near Raipur, Chhattisgarh produces pig iron, engineering castings, automobile castings, ingot moulds, and industrial valves. FY2026 annual sales reached Rs 7,131.82 crore.
3. Planned Steel Plant Expansion - Gadchiroli: MoU signed with Maharashtra government for 2 million tonnes per annum steel plant in Gadchiroli district with Rs 12,200 crore investment. Future revenue stream from expanded steel manufacturing capacity.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Jayaswal Neco Industries is an Indian manufacturer and supplier of cast iron and ductile iron sanitary castings. Its portfolio centers on two product families: (1) centrifugally cast iron hubless pipes and fittings for soil, waste, ventilation and rainwater drainage systems, and (2) ductile iron and cast iron manhole covers, frames, and gratings in load grades from light duty to extra heavy duty (D-400 / 40 MT). The company also makes cast iron spun pipes, storage tank covers, stainless steel shielded couplings, pig iron, and engineering/automobile castings from its integrated steel plant at Siltara, Chhattisgarh.

Product overview

Jayaswal Neco Industries is a manufacturer of cast iron and ductile iron sanitary and municipal products. The company's product portfolio centers on two core offerings: Centrifugally Cast Iron Hubless Pipes & Fittings (including various bends, tees, couplings, floor traps, and connectors used in gravity drainage systems for soil, waste, ventilation, and rainwater applications), and Ductile Iron/Cast Iron Manhole Covers, Frames & Gratings (available in multiple load grades from light duty to extra heavy duty for residential, commercial, industrial, and infrastructure applications). The company also produces storage tank covers, couplings, and cast iron spun pipes. Products conform to ISO 9001:2015, ASTM A888, CISPI 301, and Indian standards (IS 210, IS 15905, IS 3989), with some products certified for the US market under UPC-I and UMC-I listings.

Differentiator

Problem solved

Functional benefit

Products and services

• Centrifugally Cast Iron Hubless Pipes & Fittings Core product family: centrifugally cast iron hubless/no-hub pipes and fittings for gravity drainage systems (soil, waste, ventilation, rainwater). Available in sizes 50mm to 300mm, conforming to ISO 6594, IS 15905, and ASTM A888 standards; US-market certified with UPC-I and UMC-I listings. Range includes bends, tees, Y-branches, equal/unequal parallel branch fittings, multi-inlet pipes, smart floor traps, deep seal floor traps, and WC connectors used by construction firms, building contractors, and municipal projects.
• Ductile Iron Manhole Covers and Frames Spheroid graphite (ductile) iron manhole covers, frames, and gratings offering a high strength-to-weight ratio for municipal, commercial, industrial, defence, and infrastructure drainage. Range covers square covers, hinged-type covers, and grated covers from 300x300mm to 900x900mm with load grades A-15 (1.5MT) to D-400 (40MT). Mineral additives deliver shock load and corrosion resistance with up to 50% weight savings versus grey iron castings.
• Cast Iron Manhole Covers, Frames & Gratings Cast iron manhole covers, frames, and gratings conforming to IS 210 (FG 150 Grade) in round, square, and rectangular shapes. Load-bearing capacities range from 2.5MT to 35MT (LD-2.5 to EHD-35). Used in residential, commercial, and industrial applications including municipal drainage, roadways, highways, and public utility infrastructure.
• Ductile Iron Gratings With Frames Ductile iron gratings with frames for highways, runways, docks, and industrial drainage applications. Available in sizes from 450mm to 900mm across load grades A-15 to F-900, addressing defence, industrial, agricultural, and domestic drainage needs.
• Storage Tank Cover / Water Tank Cover Cast iron storage tank and water tank covers available in sizes 450mm (14kg) to 600mm (21kg). Sized for municipal and domestic water storage applications, priced at Rs 6,265 per piece.
• Stainless Steel Shielded Couplings (SS304 with EPDM Rubber) NECO-brand SS304 stainless steel shielded couplings with EPDM rubber gaskets used to join NECO hubless cast iron pipes and fittings. Sizes range from 50mm to 300mm and comply with ASTM C-1277 and IS-15905, providing durable seals, vibration absorption, and easy installation in commercial and residential drainage systems.
• Cast Iron Spun Pipes Cast iron spun pipes conforming to IS 3989 standard with a minimum tensile strength of 150, available in sizes 50mm to 300mm. Used for soil, waste, and rainwater drainage in buildings and infrastructure projects.

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Waree Group (Renewable Energy)coreStrategic or Co-development Partner · 28 April 2026Waree Group's renewable energy arm formed a special purpose vehicle (SPV) for captive solar power plant. Jayaswal Neco Industries invested Rs 41 crore as equity participation in the SPV to secure renewable energy for its manufacturing operations.
• Maharashtra GovernmentflagshipStrategic or Co-development Partner · 13 February 2026MoU signed with Maharashtra government for establishing 2 million tonnes per annum steel plant in Gadchiroli district with Rs 12,200 crore investment. Project revived after being abandoned in 1990s due to Maoist insurgency. Supported by changing security scenario and entry of larger players like JSW Group.
• Ministry of Steel (PLI Scheme)coreStrategic or Co-development Partner · 10 February 2026Jayaswal Neco signed MoU under Production Linked Incentive (PLI) Scheme with Ministry of Steel. Investment of over Rs 400 crore for capacity expansion in specialty steel production to boost domestic manufacturing and exports.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• JSW Steel Limited: One of India's largest integrated steel producers with significant operations in Maharashtra and Chhattisgarh — directly relevant as the larger entrant now operating in Gadchiroli district, the same geography where NECO has its Rs 12,200 crore expansion MoU.
• Steel Authority of India Limited (SAIL): State-owned integrated steel major with iron and steel mills, pig iron, and casting capabilities — broad incumbent in the same primary metals space as NECO's Siltara integrated plant.
• Jindal Steel & Power Limited: Large integrated steel and power producer active across central India; relevant comparable for NECO's integrated steel plant economics and capex-intensive capacity expansion path.
• Tata Steel Limited: India's largest private integrated steelmaker with a much broader portfolio (flat steel, long products, downstream tubes and castings) — overlaps with NECO at the steel and casting level but does not focus on sanitary castings.

Direct peers

• Electrosteel Castings Limited: India's largest dedicated manufacturer of cast iron soil pipes, fittings and ductile iron pipes — directly competes with NECO's hubless pipe and fittings franchise across Indian municipal and construction customers and overlapping ISO/ASTM product lines.
• Tata Metaliks Limited: Indian producer of pig iron and ductile iron pipe/fittings with a comparable cast iron pipe product portfolio; competes with NECO in cast iron soil pipe and DI fittings categories in domestic and export channels.
• Charlotte Pipe and Foundry Company: Largest US manufacturer of cast iron soil pipe and fittings, fittings, and PVC plumbing — the closest US counterpart to NECO's No-Hub offering and the standard against which NECO's ASTM A888/CISPI 301 certification pushes into the US market.
• Kirloskar Ferrous Industries Limited: Indian pig iron and ferrous castings manufacturer with foundry operations that overlap with NECO's iron castings and engineering castings products for industrial and automotive end markets.

Regional players

• AB&I Foundry: US-based cast iron soil pipe and fittings manufacturer operating in North America; competes with NECO in the regulated US ASTM A888 / CISPI 301 hubless pipe segment where NECO is the only Indian-listed player with that certification.

Others

• Vesuvius India Limited: Supplier of refractories and foundry consumables to iron and steel producers and foundries — an indirect ecosystem peer given NECO's integrated iron, steel, and casting manufacturing footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jayaswalneco

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jayaswal Neco Industries