JSW Steel Ltd
 |
|
| Public company | |
| Traded as | : : 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 | ₹485.27 billion (US$7.2 billion) (2013-14) |
| Profit | ₹13.34 billion (US$200 million) (2013-14) |
|
Number of employees
|
11103 |
| Parent | JSW Group |
| Subsidiaries | Ispat industries Ltd |
| Website | www.jsw.in |
JSW Steel Ltd. (: , : JSWSTEEL) The flagship company of over $11 billion JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA. It is one of the fastest growing companies in India with a footprint in over 140 countries. JSW STeel is an Indian steel company owned by the JSW Group based in Mumbai, Maharashtra, India. JSW Steel, after merger of ISPAT steel, has become India's second largest private sector steel company. The current installed capacity is 18 MTPA. A $11 billion conglomerate, with presence across India, USA, South America & Africa, the JSW Group is a part of the O.P. Jindal Group with strong footprints across core economic sectors, namely, Steel, Energy, Infrastructure, Cement, Ventures and Sports. 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).
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 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.
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. 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 18 MTPA. In Aug 2014, it acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 Crores. JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi maharashtra ( earlier named Ispat Industries Ltd).
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