| Type | Public |
|---|---|
| Traded as | BSE: 500305 NSE: ISPATIND |
| Industry | Steel |
| Founded | 1984 |
| Headquarters | Mumbai, India |
| Key people | Sajjan Jindal (Chairman), Vinod Mittal (Vice Chairman), B.K Singh (Chief executive officer) |
| Products | Sponge iron, Hot Rolled Coils, Cold Rolled Coils, Galvanized Sheets/ Coils, Colour Coated Sheets |
| Revenue | 10,578.69 crore (US$2.01 billion) (2010) [1] |
| Net income | -322.34 crore (US$-0.06 billion) |
| Employees | 3,000 (2008) |
| Parent | Jindal South West, JSW Group |
| Website | www.ispatind.com |
JSW Ispat Steel Ltd (JISL) (BSE: 500305, NSE: ISPATIND) set up as Nippon Denro Ispat Limited in May 1984 by founding chairman Mr M L Mittal,[2] today.steel makers. It has steadily grown into a Rs 9,400-crore company having operations in iron, steel, mining, energy and infrastructure. It has two integrated steel plants, located at Dolvi and Kalmeshwar in the state of Maharashtra. The 1,200 acres (4.9 km2) Dolvi complex houses the 3 million tonne per annum hot rolled coils plant., that combines the latest technologies - the Conarc process for steel making and the compact strip process (CSP) - introduced for the first time in Asia. The company is listed on Bombay Stock Exchange and National Stock Exchange of India. It is headquartered at Mumbai and employs about 3000 people. Ispat Industries was ranked 5th among major next to Tata steel and JSW steel companies in India for the year 2008 by Business World.[3]
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Nippon Denro Ispat Limited was incorporated in 1984[4] and was granted the first Industrial License by Government of India for manufacturing Galvanised Plain/Corrugated Sheets. To better provide steel solutions to an increasingly sophisticated marketplace, IIL set up a highly advanced cold rolling reversing mill, in collaboration with Hitachi Ltd. of Japan, to manufacture a wide range of cold rolled carbon steel strips. In 1988 it installed a color coating line and was granted Industrial License for Cold Rolled Sheets. In 1994 Business interests within the Group were demarcated. The eldest son, Mr. L N Mittal continued managing the international operations while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focused on steel and other businesses in India. In 1994, it commissioned the world’s largest gas-based single mega module plant for manufacturing direct reduced iron (sponge iron), at its Maharashtra-based Dolvi plant. In 1995 hot strip mill with Continuous Strip Processing (CSP) technology was installed at Dolvi. In 1998, integrated steel plant for the production of hot rolled coils was launched, using technologies such as the Conarc Process for steel making and the Compact Strip Process. Year 2000 saw the erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex. Sponge iron capacity was increased from 1.2 MTPA to 1.4 MTPA in the year 2003. Year 2004 saw the increase in capacity of Hot rolled coil from 1.5 MTPA to 2.4 MTPA and Sponge iron from 1.4 MTPA to 1.6 MTPA.
1. Integrated Steel Plant at Dolvi, Maharashtra The Dolvi complex has a captive port located close to it on the Amba River, which opens into the Arabian Sea. This port can handle barges and mini-bulk carriers up to 4000 dry weight tonnage (DWT). Moreover, a jetty adjoining the complex is capable of handling cargo of up to 10 million tonnes per annum.
2. Integrated Steel Plant at Kalmeshwar, Maharashtra The integrated steel plant at Kalmeshwar uses the latest steel manufacturing technology to produce galvanized sheets and products, apart from cold rolled coils. The Kalmeshwar complex houses a total of three advanced plants - a 0.325 million tonnes Galvanized Plain/Galvanized Corrugated plant, a 0.33 million tonne Cold Rolled Coils plant and a 60,000 tonne Colour Coated Sheets plant.
On 21 December 2010 it was declared that JSW Steel will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India's largest producer of the commodity with an annual capacity of 14.3 million tonnes. The company will now be called JSW Ispat Steel Ltd[5][6]
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