responsible corporate powerhouse.
Jindal Steel and Power Limited (JSPL) is one of India's major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure.With an annual turnover of over US$ 3.5 billion, JSPL is a part of the US$ 18 billion diversified O. P. Jindal Group and is consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses. The company has committed investments exceeding US$ 30 billion in the future and has several business initiatives running simultaneously across continents.
Mr. Naveen Jindal, the youngest son of the legendary Shri. O. P. Jindal spearheads JSPL and its group companies. The company produces economical and efficient steel and power through backward and forward integration.
From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to varied needs in the steel market. The company also has the distinction of producing the world's longest 121 metre rails and large size parallel flange beams for the first time in India.
JSPL operates the largest coal - based sponge iron plant in the world and has an installed capacity of 3 MTPA of steel at Raigarh in Chhattisgarh. With a 0.6 MTPA wire rod mill and a one million tonne capacity bar mill at Patratu, Jharkhand, a medium and light structural mill at Raigarh, Chhattisgarh and a plate mill to produce upto 5.00 metre wide plates at Angul, Odisha. The company aims for a fast-paced growth so as to contribute substantially to India's long term prosperity.An enterprising spirit and the ability to discern future trends have been the driving force behind the company's remarkable growth story. The company has scaled new heights with the combined force of innovation, adaptation of new technologies and the collective skills of its 15,000 strong, committed workforce.
And the recognition it has received only further lends credence to this. JSPL has recently been rated as the second highest value creator in the world by Boston Consulting Group; 11th fastest growing company in India by Business World; included in one of the Fab 50 Companies by Forbes Asia, 2009 and 2010; one of the Best Blue Chip companies as well as the Highest Wealth Creator by the Dalal Street Journal. It has also been ranked fourth as per Total Income in the Iron and Steel sector by Dun & Bradstreet.
New/Expansion Projects
Chhattisgarh Establishing a 7 MTPA steel plant in phases, a 2 MTPA cement plant and a 1,600 MW captive power plant with a total investment of over US$ 6 billion (Rs. 30,000 crore). |
Jharkhand An 11 MTPA integrated steel plant and a 2,600 MW captive power plant in phases, with a total investment of US$ 9 billion (Rs. 45,000 crore). The first phase comprising a 3 million tonne per annum steel plant at Patratu near Ranchi is expected to be commissioned by 2014. |
Odisha A 6 MTPA integrated steel plant and a 1,142 MW captive power plant is being set up involving a total investment of about US$ 6 billion (Rs. 30,000 crore).The company is investing close to US$ 10 billion (Rs. 50,000 crore) in a Coal to Liquid project in Odisha. |
JSPL endeavors to strengthen India's industrial base by aiding infrastructural development, through sustainable development approaches and inclusive growth. The company deploys its resources to improve infrastructure, education, health, water, sanitation, environment etc. in the areas it operates in. The company has won several awards for its innovative business practices.
As JSPL contributes to India's growth, it has also set in place a global expansion plan in order to become one of the most prestigious and dynamic business groups in the World. The company continues to capitalise on opportunities in high growth markets, expanding its core areas and diversifying into new businesses. The future is studded with challenges and JSPL is taking them on with vigor and courage.
Through its 100% subsidiary Jindal Steel & Power (Mauritius) Ltd., Mauritius (JSPLM), JSPL has acquired Shadeed Iron & Steel Co. LLC (Shadeed) in Oman. Jindal Shadeed has installed a 1.5 MTPA gas-based Hot Briquetted Iron (HBI) plant with an investment of US$ 500 million and started commercial production from the Oman plant four months ahead of schedule in December 2010. The company is adding a steel making facility of 2 MTPA in Oman. It will set up the first integrated steel plant in the Sultanate of Oman.
With coal reserves in Indonesia, JSPL has mines strewn across Australia and Africa.