Signs MOU with Ministry of Steel for PLI Scheme 1.2 Specialty Steel

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

JAYNECOIND · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹77.30

prior close

₹79.61

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.0% vs market

Iron & Steel Products peers, median of 94sector+0.2%+1.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.8 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+2.0+1.0+1.0+0.2+1.8

Next day

+3.6+0.5+3.1+0.3+3.3

+2.7-0.0+2.7-0.2+2.9

-1.7-1.5-0.2-0.6-1.0

+0.2-2.2+2.4-2.1+2.3

+5.0-1.2+6.3-1.4+6.5

+3.0-2.4+5.4-2.4+5.4

15d

-4.1-8.8+4.7-7.2+3.1

-5.4-8.3+2.9-8.0+2.6

+6.1-3.5+9.6-2.1+8.1

+43.6+6.4+37.2+4.3+39.3

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Company signed an MOU on 9 Feb 2026 with Ministry of Steel, GoI to participate in PLI Scheme 1.2 for Specialty Steel under the Alloy Steel category. Committed investment of Rs 45.08 Crores in existing steel making facilities under Capacity Augmentation option. Annual production targets rise from 18,000 TPA in FY27 to 80,000 TPA by FY30. Annual incentives can be claimed within 7 months post each financial year.

Likely market impact

Positive - government-backed PLI scheme supports capacity expansion, with potential annual incentives over four financial years.