JSW Steel Ltd
||This article appears to be written like an advertisement. (July 2013)|
|Traded as||BSE: 500228
|Headquarters||Mumbai, Maharashtra, India|
|Products||Steel, flat steel products, long steel products, wire products, plates|
|Revenue||346.58 billion (US$5.3 billion) (2012)|
|Profit||16.26 billion (US$250 million) (2012)|
|Subsidiaries||JSW Coated Products|
JSW Steel Ltd. (BSE: 500228, NSE: JSWSTEEL) is an Indian steel company owned by the JSW Group based in Mumbai, Maharashtra, India. JSW Steel is among India's largest steel producers, with a capacity of 14.3 Million Tonnes per annum as of 2013. As part of the US$16 billion O. P. Jindal Group, JSW Group has diversified interests in steel, energy, minerals and mining, aluminium, infrastructure and logistics, cement and information technology. 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).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.
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.It is 340km from Bangalore, and is well connected with both the Goa and Chennai ports. In 2005, JISCO and JVSL merged to form JSW Steel Ltd. It also acquired a plant at Salem in 2004 with an annual capacity of 1 million tonne. In 2010, JSW acquired major stake in Ispat Industries and formal amalgam of Ispat Industries has been completed on April, 2013 .With this merger JSW Steel became largest private manufacturer of steel of country with annual production capacity of 14.3 million tonnes per annum. 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.
The facilities are located at Vijaynagar at Karnataka, Dolvi, Vasind, Tarapur and Kalmeshwar in Maharashtra and Salem in Tamil Nadu. Vijayanagar and Dolvi are upstream facilities and Vasind, Tarapur and Kalmeshwar are downstream facilities.Vijaynagar works was the first Greenfield project in world to use Corex technology to produce steel. On 18 February 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 by November 2012. 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.
JSW made its premier foray in steel at Vasind in 1982 and setup a 20 Hi Cold rolling mill. JSW then acquired a mini steel mill, which moved on to become JSW Steel Ltd.
Tarapur, Vasind and Kalmeshwar works together are India’s biggest producer & largest exporter of coated steel.
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. It has an expanding green belt to provide a green environment.
- Hot Rolled Products
- HR Plates
- Cold Rolled Products
- Galvanised Products
- Pre-painted Products
- TMT Bars
- Special Steel and Wirerods
- JSW Vishwas
- JSW TMT PLUS
- JSW Colouron
- JSW Colouron Plus
- JSW Pragati
Majority stake in Ispat Industries
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 an integrated steel maker 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 Rs9,400-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.
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