JSW Group

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JSW Group
Type Private
Industry Conglomerate
Founded 1982
Founder(s) Sajjan Jindal
(Chairman)
Headquarters Mumbai, India
Area served Worldwide
Revenue US $7 Billion (2011) [1]
Subsidiaries JSW Steel Ltd.
JSW Energy Ltd.
JSW Holdings Ltd.
JSW Infrastructure & Logistics Ltd.
Vijaynagar Minerals Pvt. Ltd.
Jindal Praxair Oxygen Co. Ltd.
JSoft Solutions Ltd.
JSW Building Systems Ltd.
JSW Energy
JSW Infrastructure
Ispat industries Ltd,
CIC Energy Corp
Website Official Website

JSW Group is one of India's largest business conglomerates, with a strong presence in the core economic sector based in Mumbai. It has diversified interests in steel, energy, minerals and mining, aluminium, infrastructure and logistics, cement and information technology.[2] It is led by Sajjan Jindal and part of the US $ 15 billion O. P. Jindal Group.[3] JSW Steel Ltd, JSW Energy, JSW Infrastructure, Ispat industries Ltd are subsidiaries of JSW Group.[4]

Canada's CIC Energy Corp agreed to a takeover by JSW in 2010 for USD 414.5 million.[5][6] CIC Energy owned the licence to explore and exploit the Mmamabula coalfield in Botswana. The sale fell through in May 2011. However, in August 2012 the Botswana Competition Authority approved a proposed takeover of CIC Energy by Jindal Steel and Power. Jindal requires large supplies of coal for its Indian steel plants. Jindal Steel chairman Naveen Jindal is the brother of JSW chairman Sajjan Jindal.[7]

On 21 December 2010, JSW declared that it will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India's largest producers of the commodity, with an annual capacity of 14.3 million tonnes.[8][9]

References[edit]

  1. ^ http://www.jsw.in/organization/overview.shtml
  2. ^ "JSW Group not to cancel Rs 100 cr Maytas deal". Rediff.com. 2004-12-31. Retrieved 2010-09-24. 
  3. ^ "Won't give away control of JSW Steel: Sajjan Jinda: Rediff.com Business". Getahead.rediff.com. 2006-07-06. Retrieved 2010-09-24. 
  4. ^ "JSW Group not to cancel Rs 100 cr Maytas deal". Rediff.com. 2004-12-31. Retrieved 2010-12-23. 
  5. ^ NULL. "India's JSW to buy Canada's CIC Energy for $414.5 mn - Reuters". Moneycontrol.com. Retrieved 2010-12-23. 
  6. ^ "India’s JSW buys Canadian coal company (Lead)". Thaindian.com. 2010-11-24. Retrieved 2010-12-23. 
  7. ^ Benza, Brian (24 August 2012). "Indian firm gets nod to buy Mmamabula". Mmegi Online. Retrieved 2012-09-21. 
  8. ^ "JSW to buy Ispat to become India's largest steel producer". Sify.com. Retrieved 2010-12-23. 
  9. ^ "JSW Steel Ltd. is one among the largest Indian Steel Companies in India today". Jsw.in. Retrieved 2010-12-23. 

External links[edit]