| Type | Public |
|---|---|
| Traded as | BSE: 500228 NSE: JSWSTEEL |
| Founded | 1982 |
| Founder(s) | Sajjan Jindal (Chairman) |
| Headquarters | Mumbai, India |
| Area served | Worldwide |
| Revenue | 23,445.88 crore (US$4.45 billion) [1] |
| Profit | 2,010.67 crore (US$382.03 million)[1] |
| Parent | JSW Group |
| Subsidiaries | Ispat industries Ltd |
| Website | www.jsw.in |
JSW Steel (BSE: 500228, NSE: JSWSTEEL) is an Indian steel company owned by the JSW Group based in Mumbai, Maharashtra.[2] JSW Steel is among India's largest steel producers, with a capacity of 10 MT as of 2011.
Sajjan Jindal led enterprise JSW Group is one of the largest business conglomerates in India with a strong presence in the core economic sector. It had grown from a steel rolling mill in 1982 and is presently a multi business conglomerate worth US$5 billion.[3]
As part of the US$10 billion O. P. Jindal Group, JSW Group has diversified interests in Steel, Energy, Minerals and Mining, Aluminium, Infrastructure and Logistics, Cement and Information Technology.[3]
JSW Steel, the flagship company of the JSW Group, is the largest integrated private steel manufacturer in India in terms of installed capacity. JSW’s history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO).[4]
The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it as Jindal Iron and Steel Co. Ltd. (JISCO). In 1994, in order to achieve the vision of moving up the value chain and building a strong, resilient company, Jindal Vijayanagar Steel Ltd. (JVSL) was set up, with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. It is just 340 km from Bangalore, and is well connected with both the Goa and Chennai ports. In 2005, JISCO and JVSL merged to form JSW Steel Ltd.
JSW Steel is one of the lowest cost steel producers in the world. It has established a strong presence in the global value-added steel segment with the acquisition of steel mill in US and a service center in UK. JSW Steel has also formed a joint venture for setting up a steel plant in Georgia. The Company has also tied up with JFE Steel Corp, Japan for manufacturing the high grade automotive steel. JSW Steel has recently acquired a majority stake in Ispat Industries Ltd. This will make JSW Steel India’s largest steel producer with a combined capacity of 14.3 MTPA by March 2011. The Company has also acquired mining assets in Chile, USA and Mozambique.
JSW Steel offers the entire gamut of steel products – Hot Rolled, Cold Rolled, Galvanized, Galvalume, Pre-painted Galvanised, Pre-painted Galvalume, TMT Rebars, Wire Rods & Special Steel Bars, Rounds & Blooms. JSW Steel has manufacturing facilities at Toranagallu in Karnataka, Vasind & Tarapur in Maharashtra and Salem in Tamil Nadu.
By 2020, the Company aims to produce 34 million tons of steel annually with Greenfield integrated steel plants coming up in West Bengal near Salboni about 35 km from Kharagpur and Barenda in Ranchi district of Jharkhand.
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In 1994, Jindal Vijayanagar Steel (JVSL) was set up with its plant located at Toranagallu in the Bellary-Hospet area in the State of Karnataka, the heart of the high-grade iron ore belt and spread over 3,700 acres of land. over a decade. It also set up a plant at Salem with an annual capacity of 1 million tonne. It is on the threshold of a major expansion plan of adding 3.2 million tons per annum to its at Vijayanagar Plant to achieve 11 MTPA by 2011. It has established a strong presence in the global value-added steel segment with the acquisition of a steel mill in US and a Service Center in UK. JSW Steel has also formed a joint venture for setting up a steel plant in Georgia. The Company has further acquired iron ore mines in Chile and coal mines in USA & Mozambique.[5]
Vijayanagar Works
Vijaynagar works was the first Greenfield project in world to use Corex technology to produce steel. On February 18, 2009 India largest Blast Furnace of 2.8MT capacity was commissioned here. With this commissioning, JSW Steel become the largest private sector steel producer in India with 7.8MT capacity. It is also in the advance stage of setting up of 5MTPA state of the act Hot Strip Mill which will be commissioned in the second half of fiscal 2009-10. The next phase of expansion taking the total production to 10mtpa plant at Vijayanagar Works is also under implementation. It will be commissioned in fiscal 2010-11. This makes it among the fastest growing steel plant in the world.
It's eco-friendly approach has also led to the development of Vijayanagar into a modern township. Enveloped by acres of greenery and maintained by JSW, Vijayanagar is prospering by leaps and bounds. Be it education, career opportunity or women empowerment, the Company's initiative has gone a long way in making Vijayanagar the success that it is today. Vasind and Tarapur Works
It is here that all began. A new chapter was written in the history of Indian Steel Industry when JSW made its foray at Vasind in 1982 and setup a 20 Hi CR mill. JSW then acquired a mini steel mill, which moved on to become JSW Steel Ltd.
Apart from being a leading manufacturer of cold rolled and color coated steel, Tarapur and Vasind works is today India’s biggest producer & largest exporter of galvanized steel. At Vasind Works, the Company has recently launched GALVALUME, a revolutionary product in the steel industry. Its strategic location, with access to the major ports of Mumbai, markets and raw material sources has worked to its advantage.
The total capacity of Vasind and Tarapur Works is 0.9 MTPA of Galvanised, GALVALUME & Colour Coated Cold Rolled products.
As JSW grew phenomenally, it also steered Tarapur and Vasind towards newer horizon of prosperity. Apart from providing more jobs, JSW actively participates and organizes various social and cultural activities to make lives richer. The region is now cleaner happier and even more beautiful. Better health initiative, promotion of sports & education are few of the development initiative that has gained in JSW presence Salem Works
JSW group acquired the Company and took over the Management from November 2004. Salem Works is the only integrated steel plant in Tamil Nadu and is located at Pottaneri/M. Kalipatti villages and at about 35 km northwest from Salem.
As part of the JSW group, the plant underwent a dramatic transformation and started making profits from the first year onwards. Today, it has become the first 1 MTPA integrated steel plant in Tamil Nadu.
The Company is having facilities for production of Pig Iron, Steel, Billet and Rolled Steel products in the long product category. The present capacity is being expanded to one million tones per annum. It has adopted the Sinter plant – Blast furnace – Energy Optimising Furnace – Ladle Furnace, Vacuum Degassing Continuous Casting Machine – bar and rod mill route with iron ore as the basic input material. It also has plants for generation of power and production of oxygen.
Salem Works is highly environment conscious and the process and technology is designed for reusing and recycling the process waste. We have an expanding green belt to provide a green environment.
Products of Salem Works have the hallmark of quality and combined with competitive pricing, they are highly preferred in automobile and construction sectors.
On 21 December 2010 the company declared that it 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.
Ispat Industries Limited (IIL) is one of the leading integrated steel makers and the largest private sector producer of hot rolled coils in India. Set up as Nippon Denro Ispat Limited in May 1984 by founding chairman Mr M L Mittal, IIL has steadily grown into a Rs 9,400-crore company, assuming its position as flagship of the reputed Ispat Group. A corporate powerhouse with operations in iron, steel, mining, energy and infrastructure, the Group today figures among the top 20 business houses in the country.
Headquartered at Mumbai, IIL employs a total of 3000 people and is the leader in the national speciality steel market. The company's core competency is the production of high quality steel, for which it employs cutting edge technologies and stringent quality standards. It produces world-class sponge iron, galvanized sheets and cold rolled coils, in addition to hot rolled coils, through its two state-of-the art integrated steel plants, located at Dolvi and Kalmeshwar in the state of Maharashtra. [4][6]
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