JSW Steel Ltd

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JSW Steel Ltd.
Type Public company
Traded as BSE500228
NSEJSWSTEEL
Industry Steel
Founded 1982
Founders 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$7.9 billion) (2013-14)[1]
Profit INR13.34 billion (US$220 million) (2013-14)[1]
Employees 11099
Parent JSW Group
Subsidiaries Ispat industries Ltd
Website www.jsw.in

JSW Steel Ltd. (BSE500228, NSEJSWSTEEL) 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[edit]

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[edit]

Vijayanagar Works[edit]

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.

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:

  • Regarded as the world’s Corex showpiece; it was the first Greenfield project in India and among the first in the world to have successfully used this technology to produce “green steel”
  • Houses India’s largest blast furnace and the widest hot strip mill
  • The only plant in India with pair-cross technology and twin-stand reversible cold-rolling mill
  • The highest productivity steel plant in India, producing 800-plus tonnes per person per annum
  • Recognized for its ‘zero-effluent discharge’ status; it reuses more than 95 per cent of process waste
  • Low carbon footprint as it recycles 96% of coke oven gas for power generation
  • Uses sophisticated ambient air control infrastructure beyond and has reduced gas flaring to lower levels.

Salem Works[edit]

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.

Located advantageously at just about 350 kilometres (220 mi) from Chennai, the Salem plant has emerged as a global steel hub for automobiles and auto components.

Unique features:

  • Complete product range
  • Rounds: 5.5 to 200 mm
  • RCS: 55 to 240 mm
  • Flats: 60 to 101 series
  • DSIR Approved R&D Centre with sophisticated modern equipments.
  • Online Automatic inspection and testing facilities for Rounds and RCS up to 160 mm
  • State of the art Infrared and phased array ultrasonic testing facilities.
  • High precision rolling Reducing and Sizing block in Bar and rod mill

Dolvi Works[edit]

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 well 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:

  • The Dolvi plant is the first in India to adopt a combination of Conarc technology for steelmaking and compact strip production (CSP) for producing hot rolled coils. * The main feature of CSP is thin slab casting.
  • It can produce coils with thickness as low as 1.2 mm.
  • HR coils produced at Dolvi are feed material for the two JSW Steel cold rolling and downstream facilities at Vasind and Tarapur.

Vasind Works[edit]

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. JSW Steel The Vasind plant focuses on JSW-branded high-end steel products. It sources HR Steel coils from the JSW Steel Dolvi and Vijayanagar plants to manufacture value-added, branded steel products such as galvanized 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:

  • Part of India’s largest coated product producer and exporter of galvanized steel.
  • Manufacturer of appliance grade color coated products, a revolutionary product in the Indian steel industry which will replace imported steel in the manufacture of white goods in India.
  • Turn Around Delivery Time within three weeks of demand.

Tarapur Works[edit]

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:

  • The Tarapur plant is specialized for the Ultra Thin Coated Products.
  • The Tarapur plant features two dual product lines for galvanized cum Galvalume with a coating capacity of 0.45 MTPA.
  • It also has 30 MW Captive Power Plant (CPP) to meet the power requirement of both Tarapur and Vasind plant.
  • Tarapur has a zero discharge facility having a multi-effect evaporator system for effluent treatment.
  • It has a unique service center facility to meet the customized requirement of various segment like Export, OEM, Retail for their cut sheet/ corrugation and profiling requirement
  • It has also installed rainwater harvesting system to meet its water requirement.

Kalmeshwar Works[edit]

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:

  • Zero Liquid Discharge Facility


Products[edit]

  • Hot Rolled Product
  • Cold Rolled Product
  • Galvanised Product
  • Pre-painted Galvanised Product
  • Electrolytic tinplate
  • TMT Bars
  • Wire Rods & Special Steel Products

By introducing new technologies and creating quality products, JSW Steel has made a mark in the steel sector. The Company has installed different forms of technologies to produce hot metal which is leveraged to make use of varying grade of inputs.

Today, JSW Steel offers the widest range of products to cater to different sectors and markets spread across the globe. From galvanized steel, of which we are the world’s leading producer, to rebars, tinplate,color coated products and even wire-rods, our product portfolio spans an expansive gamut. The Company produces practical solutions in conjunction with the R&D team to introduce the best products. Our various tie-ups with global market leaders are also bringing the cutting-edge of international steel making technology to India. JSW Steel is leveraging resources and technology efficiently and innovatively to maximize returns.

Competitors[edit]

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

References[edit]

External links[edit]