Jindal Steel and Power
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| Type | Private |
|---|---|
| Traded as | BSE: 532286, NSE: JINDALSTEL BSE SENSEX Constituent |
| Industry | Steel, energy |
| Founded | 1952 |
| Founder(s) | O P Jindal |
| Headquarters | New Delhi, India[1] |
| Key people | Naveen Jindal (Chairman and MD) |
| Products | Steel, iron, electricity generation and distribution |
| Revenue |  138.46 billion (US$2.5 billion) (2011) |
| Net income | 37.54 billion (US$690 million) (2011) |
| Total assets | 283.2 billion (US$5.2 billion) (2011) |
| Employees | 7,669 (2009) |
| Parent | Jindal Group |
| Website | www.jindalsteelpower.com |
Jindal Steel and Power Limited (JSPL) is an Indian steel and energy company based in New Delhi, India and a division of Jindal Group conglomerate. With annual turnover of over US$4 billion, Jindal Steel & Power Limited (JSPL) is a part of about US$17 billion diversified O. P. Jindal Group. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure. Naveen Jindal, the youngest son of the late O P Jindal, drives JSPL and its group companies Jindal Power Ltd, Jindal Petroleum Ltd., Jindal Cement Ltd. and Jindal Steel Bolivia. The company professes a belief in the concept of self-sufficiency. The company produces steel and power through backward integration from its own captive coal and iron-ore mines.
However, in terms of 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 and 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 at Hisar, India,[2] 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 Chairman 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 3 June 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.[3] Jindal Steel is most likely to terminate the contract of investing $2.1 billion in setting up a steel plant in Bolivia, due to non-fulfilment of contractual obligations by the Bolivian government.[4] 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 array of activities.[citation needed] The school's student body comprises girls from affluent business and political families of India.[5]
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Involvement in coalgate scam [edit]
Congress MP, Naveen Jindal's Jindal Steel and Power got a coal field in February 2009 with reserves of 1500 million metric tones while the government-run Navratna Coal India Ltd was refused. On 27 February 2009, two private companies got huge coal blocks. Both the blocks were in Orissa and while one was over 300 mega metric tones, the other was over 1500 mega metric tones. Combined worth of these blocks was well over Rs 2 trillion (short scale) and these blocks were meant for the liquification of coal. One of these blocks was awarded to Jindal. Naveen Jindal's Jindal Steel and Power was the company which was allotted the Talcher coal field in Angul in Orissa in 2009, well after the self-imposed cut off date by the Centre on allocation of coal blocks. The Opposition alleged that the Government violated all norms to give him coal fields. Naveen Jindal, however, denied any wrongdoing.[38][39] On 15 September 2012, an Inter Ministerial Group (IMG) headed by Zohra Chatterji (Additional Secretary in Coal Ministry) recommended cancellation of a block allotted to JSW (Jindal Steel Works), a Jindal Group company.
Future outlook [edit]
Expanding to newer horizons JSPL firmly believes that change is the only constant in life and it shall have to continuously upgrade its existing technologies, embrace new technologies, motivate its personnel and uplift the living standards of those around us. Adhering to these values, major expansion plans are being executed:
Raigarh
- 2 MTPA cement plant.
- Additional power generation of 540 MW.
- Medium structural mill.
- Pipe conveyor from mines to plant.
- Mini blast furnace up-gradation
- Fabrication unit in the industrial estate.
An MOU has been signed between JSPL and the Government of Chhattisgarh for setting up an additional 7.0 MTPA steel plant in phases and a 1600 MW power plant with an investment of over US $ 5.20 billion (Rs. 260 billion).
Jharkhand
An 11 million ton integrated steel plant and 2600 MW captive power plant in phases, with a total investment of US $ 6.00 billion, (Rs. 300 billion).
Orissa
A 12.5 million ton integrated steel plant and 2600 MW captive power plant in phases, with a total investment of US $ 8.00 billion (Rs. 400 billion). The first phase of 3 million ton is expected to be commissioned by 2011.
Coal to Liquid Petroleum Project
Jindal Steel & Power has been allotted the Ramchandi Promotional Coal Block in Orissa for the proposed Coal to Liquid (CTL) project by the Union Coal Ministry, Government of India. The project cost estimated to be around US $ 8.4 billion (Rs. 420 billion) includes CTL plant, coal mining and power plant. The project to be located in Tehsil Kishore Nagar, Dist. Angul, Orissa will produce 80,000 barrels per day (4.0 MMTPA) crude using environment friendly Indirect Coal Liquification Technology developed by M/S Lurgi of Germany for the first time in India. The prestigious CTL project is yet another feather in JSPL’s cap.
Jindal Petroleum Limited
As part of its diversification process, JSPL has recently forayed into the oil and gas sector, operating under the banner of Jindal Petroleum Limited. The company has acquired 7 Oil & Gas blocks in different parts of the world, including 5 in Georgia, 1 in Bolivia and 1 in India. Mr. Naveen Jindal recently led a delegation to Georgia to sign contracts with the Government of Georgia for the exploration and production of the blocks, signifying the importance the company is giving to its petroleum business. The company has so far committed an investment of US $ 200 million (Rs. 10 billion) and is working on several other projects in the sector.
Bolivia
JSPL plans to invest US $ 2.1 billion (Rs. 105 billion) in Bolivia, South America, in the coming years for mining and setting up of an integrated 1.7 MT steel plant, 450 MW power plant, 6 MT sponge iron and 10 MT iron ore pellet plant.
Jindal Institute of Power Technology (JIPT) CEA Approved ABOUT THE INSTITUTE: Jindal Institute of Power Technology is recognized by Central Electricity Authority (CEA), Ministry of Power as category-l Institute, as per provisions of Sub Rule 2A of Rule 3 of Indian Electricity Rules 1956 is promoted by Jindal Education & Welfare Society, located at Jindal Power Limited which is a part of US$ 12 billion O.P. Jindal Group. The Institute possesses a world class Simulator of 250 MW/600 MW generating units & state of art infrastructure. JIPT is Located inside the 4X250,4X600 MW Jindal Thermal power plant in Tamnar,Raigarh,CG 496107
OBJECTIVE: To develop a pool of technically trained power plant professionals for power utilities of India & Abroad. The course authorizes the pass outs to operate OR undertake Maintenance of any part or whole of a generating stations of capacity 100 MW & above together with the associated sub stations.
TRAINING METHODOLOGY: a) Class room lectures for imparting theoretical & technical knowledge b) Practical training in different technologies: 4X250, MW, 4X600 MW & 4X135 MW capacity Jindal thermal Power Plants. c) Simulator training (JIPT has 4X250 & 4X600 MW Honeywell make simulator which is replica of actual thermal plant) d) Case studies /group discussions/ experience sharing/panel discussion e) Self learning through CBT training packages f) Exposure Visits to other power plants
Courses 1 year Post Graduate Program in Thermal Power Plant Technology (PGPTPT) – After BE/Btech
1 year Post Diploma Program in Thermal Power Technology (PDPTPT) – After Diploma
The Courses started in August 2010 www.jipt.org http://www.opjems.com/ http://www.jindalsteel.com/ http://www.jgls.org/
Reference / WP:REF: www.jipt.org
See also [edit]
References [edit]
- ^ http://www.jindalsteelpower.com/contact/network-address.aspx
- ^ http://www.jsw.in/organization/op_jindal.shtml
- ^ "India's Bolivian ore". The Australian. 3 December 2007.
- ^ "Jindal Steel likey to scrap steel project in Bolivia". 9 June 2012.
- ^ http://www.vdjs.edu.in/ Vidya Devi Jindal School Official Website
External links [edit]
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