Jayaswal Neco Industries Limited announced that the Blast Furnace is under Scheduled Shutdown from 10 May, 2024 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.