JSW Steel Ltd

JSW Steel Ltd.
Public company
Traded as BSE: 500228
NSE: JSWSTEEL
Industry Steel
Founded 1982
Founder Sajjan Jindal
(Chairman)
Headquarters Mumbai, Maharashtra, India
Area served
 Worldwide
Key people
 Sheshagiri Rao MVS, Dr.Vinod Nowal
Products Steel, flat steel products, long steel products, wire products, plates
Revenue INR485.27 billion (US$7.7 billion) (2013-14)[1]
Profit INR13.34 billion (US$210 million) (2013-14)[1]
Number of employees
 11103
Parent JSW Group
Subsidiaries Ispat industries Ltd
Website www.jsw.in

JSW Steel Ltd. (BSE: 500228, NSE: JSWSTEEL) is an Indian steel company owned by the JSW Group based in Mumbai, Maharashtra, India.[2] JSW Steel, after merger of ISPAT steel, has become India's largest private sector steel company with an installed capacity of 14.3 MTPA.[3]

As part of the US $18 billion O. P. Jindal Group, JSW Group has diversified interests in steel, energy, minerals and mining, infrastructure, cement and information technology.[4] 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).[5]

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). Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994, 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 (15 km2) of land. It is just 340 kilometres (210 mi) from Bangalore, and is well connected with both the Goa and Chennai Port. In 2005, JISCO and JVSL merged to form JSW Steel Ltd.

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. The Company has also acquired mining assets in Republic of Chile, United States and Mozambique.

History

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 10,000 acres (40 km2) of land.[6] 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 United Kingdom. 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.The current manufacturing capacity of company is 14.3 MTPA. [7] In Aug 2014, it acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 Crores. [8] JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi maharashtra ( earlier named Ispat Industries Ltd).

Facilities

Vijayanagar Works

India’s first 10 MTPA steel plant at single location, “the fastest growing steel plant in India”. The JSW Steel Vijayanagar plant is the first integrated steel plant to reach 10 MTPA capacity in a single location. It is the first in India to use the Corex technology for hot metal production.Now other steel plants are coping the same.

The first hot strip mill at Vijayanagar was commissioned in 1997. Since then it has grown exponentially and now has an installed capacity to produce 10 MTPA of steel. Located at a remote village Toranagallu part of under developed North Karnataka in the Bellary-Hospet iron ore belt of Karnataka, the fully integrated steel plant, is well-connected with both the Goa and Chennai ports.

Unique features:

Salem Works

JSW acquired SISCOL in the year 2004, a sick unit at that time. Quick turnaround of the plant was achieved by expanding capacity from 0.3 Mt to 1 Mt and switching over to value added products.

Unique features:

Dolvi Works

The 3.3 MTPA integrated steel plant at Dolvi,Maharashtra majority stake acquired in 2010, is an inherent part of JSW Steel. Located on the west coast of India, the plant has a jetty with a capacity of 10 million tonnes per annum. This provides the unit with logistical advantages in importing raw materials and savings on freight cost. The unit is connected through rail, road and sea and has given the JSW Steel a strategic presence in western India.

The Dolvi plant caters to several industries including automotive, projects and construction, machinery, LPG cylinder-makers, cold rollers, oil and gas sector and consumer durables.

Unique features:

Vasind Works

The Vasind plant focuses on JSW- branded high-end steel products.It sources HR Steel coils from the Dolvi and Vijayanagar plants to manufacture value-added, branded steel products such as galvanised steel, plain and corrugated products as well as color-coated products.

The journey that started in 1982 with the commissioning of a 20 high cold rolling mill has turned into a full-fledged complex with cold rolling, hot rolling, galvanizing and colour coating facilities. Galvanized steel from Vasind is a market leader in both domestic and international markets. The unit exports mainly to the USA, Europe and Middle East Asia and South African Continent.

The plant has a total capacity of 0.45 MTPA in galvanized and cold-rolled products, 0.225 MTPA color coated products and hot-rolled plates manufacturing facility.

Unique features:

Tarapur Works

The Tarapur plant marks one of the first milestones for JSW Steel. This plant was originally inaugurated on 11 May 1974 by Hon. Vasant Rao Naik, the then Chief Minister of Maharastra. The plant was acquired by Late Shri O. P. Jindal on 9 November 1982, from Piramal Steel Limited and renamed Jindal Iron and Steel Company. The plant offers coated products catering to several sectors. Tarapur plant specializes in galvanizing, Galvalume and color coated steels. It is India’s largest producer and exporter of Coated Products.

The Tarapur plant has five cold rolling mills and five coated strip divisions, which include two dual pot galvanizing cum galvalume lines, two color coated lines and a 30 MW captive power plant.

It has a total capacity of 0.75 MTPA (including ongoing projects) and sources coils from the Vijayanagar and Dolvi plants to manufacture value-added branded steel products.

Unique features:

Kalmeshwar Works

One of the downstream operations of JSW Steel is executed from Kalmeshwar. The Kalmeshwar plant has a pickling line, two rolling mills, two galvanizing lines, two color-coating lines, a Galvalume line, six slitting and 7 cut-to-length lines, two profiling lines and a tile profiling line.

Unique features:


Products

Competitors

Competitors of JSW Steel are Tata Steel, Essar Steel and SAIL.

References

  1. ↑ 1.0 1.1 "BSE Plus". Bseindia.com. Retrieved 2014-09-05.
  2. ↑ "Get in touch with JSW Group Companies". Jsw.in. Retrieved 2010-12-23.
  3. ↑ "JSW Steel has become the second largest steel producer in the country after state-owned Steel Authority of India (SAIL)". economictimes.com. Retrieved 2013-06-03.
  4. ↑ "JSW Group: One of the fastest growing business house". Jsw.in. Retrieved 2010-12-23.
  5. ↑ "JSW Steel Ltd. is one among the largest Indian Steel Companies in India today". Jsw.in. Retrieved 2010-12-23.
  6. ↑
  7. ↑ http://www.jsw.in/companies/company_JSWSteel.shtml
  8. ↑ "Welspun Max Steel Sold". Bloomberg TV India.

External links