Jayaswal Neco Industries Ltd

Jayaswal Neco Invests ₹40.97 Cr in 104 MW Solar Project ⚡️

• Investment of ₹40.97 Crores in equity for solar projects via SPVs set up by Waaree Group

• Solar project capacity: 104 MWAC / 145.60 MWp

• Project will supply power to Steel Plant Division in Raipur and Iron Ore Mines in Narayanpur District

• Anticipated annual solar power procurement: 24.39 Crore Units

• Total captive consumption estimated: ~26.55 Crore Units annually

• Aims to increase green power usage and reduce grid power tariff volatility