JSW is part of US $15 billion O.P.Jindal Group. It has grown to US$ 9 billion in little over a decade and has presence across various sectors – Steel, Energy, Minerals, Port & Infrastructure, Cement, Aluminium.
JSW Steel, the flagship company of the JSW Group,
is today an integrated steel manufacturer. JSW Steel
is the largest private sector steel manufacturer
in terms of installed capacity.
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). In 1994, in order to
achieve the vision of moving up the value chain and
building a strong, resilient company, Jindal Vijayanagar
Steel Ltd. (JVSL) was setup, 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 of land. It is just 340 kms from
Bangalore, and is well connected with both the Goa
and Chennai ports. In 2005, JISCO and JVSL merged
to form JSW Steel Ltd.
JSW Steel is one of the lowest cost steel producers
in the world. It has established a strong presence
in the global value-added steel segment with the
acquisition of 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 also tied up with JFE Steel Corp, Japan for manufacturing
the high grade automotive steel. JSW Steel has
acquired a majority stake in Ispat Industries Ltd.
Making 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.
JSW Steel offers the entire gamut of steel products – Hot
Rolled, Cold Rolled, Galvanized, Galvalume, Pre-painted
Galvanised, Pre-painted Galvalume, TMT Rebars, Wire
Rods & Special Steel Bars, Rounds & Blooms.
JSW Steel has manufacturing facilities at Toranagallu
in Karnataka, Vasind & Tarapur in Maharashtra
and Salem in Tamil Nadu.
By 2020, the Company aims to produce 34 million
tons of steel annually with Greenfield integrated
steel plants coming up in West Bengal and Jharkhand.