Jindal Steel and Power Limited
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| Type | Public Limited |
|---|---|
| Founded | 1952 Hisar, Haryana, India |
| Headquarters | Hisar, Haryana, India |
| Key people | Savitri Jindal, Chairman P.R. Jindal, Sajjan Jindal, Ratan Jindal, Naveen Jindal |
| Industry | Metals, Energy, Ports |
| Products | Steel and Power |
| Revenue | ▲ रू. 86.995 billion (~ US$`15 billion) (F.Y. 2008) F.Y. 2006 |
| Employees | 7001 |
| Website | JindalSteelpower.com |
Jindal Steel and Power Limited is the most valuable private steel producer in India, with a market cap of $11.8 billion. [1] However, in terms tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates & coils and coal based sponge iron plant. The company is also involved in power generation.
Jindal Steel and Power is a part of the Jindal Group, founded by O. P. Jindal (1930-2005). In 1969, he started Pipe Unit Jindal India Limited, one of the earlier incarnations of his business empire. After Jindal's death in 2005, much of his assets were transferred to his wife, Savitri Jindal. Jindal Group's management was then split among his four sons with Naveen Jindal as the Managing Director of Jindal Steel and Power Limited. His elder brother, Sajjan Jindal, is currently the head of ASSOCHAM, an influential body of the chambers of commerce, and the head of JSW Group, part of O.P. Jindal Group.
On June 3, 2006, Bolivia granted development rights for one of the world's largest iron ore reserves in the El Mutún region to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next eight years in the South American country.[1]
Savitri Jindal, the widow of O. P. Jindal, is ranked as the 19th richest Indian person according to Forbes.
The Jindal family established Vidya Devi Jindal School, a residential school for girls in Hisar, India, in 1984. Although not marketed as such, it is widely known to cater to the wealthy through its private location and remarkable array of activities. The school's student body comprises girls from affluent business and political families of India.[2]
[edit] See also
[edit] References
- ^ India's Bolivian ore | The Australian
- ^ http://www.vdjs.edu.in/ Vidya Devi Jindal School Official Website
[edit] External links
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