JSW Group’s flagship JSW Steel is India’s leading and one of the world’s most efficient integrated steelmakers. At JSW Steel, we are continuing our journey of growth by stepping up our operational excellence. We are progressing across markets with innovation, digitalisation and sustainability as our key anchors. With efficient integrated operations and a clear vision for the future, we are executing our strategic growth plan in line with India’s growing steel demand. Our wide spectrum of innovation, robust ESG commitments and a drive to be #BetterEveryday, enable us to consistently create responsible value, for everyone.
Standalone crude steel capacity
Expected capacity by
FY 2024-25 together with
subsidiaries and JVs
Exclusive and non-exclusive retail outlets
Export footprint
Iron ore mines operated
Direct employees
We operate strategically located manufacturing units across geographies (India, US and Italy) with distinct competitive advantages. Our three integrated steel plants (ISPs) at Vijayanagar, Dolvi and Salem continue to be our mainstay, and the upstream and downstream capacity augmentations are enabling them to cater to present and future demand. In the past two years, we have also operationalised 13 iron ore mines across Karnataka and Odisha, achieving long-term security of iron ore. This is a key raw material in steelmaking and helps enhance our cost competitiveness and consolidate our position as a leading integrated player across the steel value chain.
Vijayanagar Works (ISP)
Dolvi Works (ISP)
Salem Works (ISP)
Karnataka
Odisha
JSW Vallabh Tinplate Private Ltd. (JSWVTPL)
Vardhman Industries Ltd. (VIL)
New grades/products developed
Total VASP sales volume
9% y-o-y growth
New retail outlets
Total benefits and compensation disbursed
Total classroom and e-learning hours
CSR expenditure* (consolidated)
Direct and indirect beneficiaries
*`86.49 crore transferred to separate unspent account
RoCE
Dividend per share
Consolidated networth (includling NCI)
Contribution to exchequer (Standalone)
MSME vendors
MSME vendors from total active vendors
"We are committed to a circular economy and consistently optimizing our water, waste, carbon and energy footprint, by aiming to achieve stricter than mandated standards, while being part of an industry that provides a large-scale solution to combat climate change."
Sajjan Jindal
Chairman and Managing Director
"We have created sufficient buffer in our balance sheet by focusing on prudent capital allocation, with the result that our gearing ratios and interest coverage look very comfortable, even beyond the norms we had guided earlier."
Seshagiri Rao MVS
Joint Managing Director and Group CFO
Prev Slide
Revenue from operations*
9%
EBITDA
70%
PAT
101%
Economic value distributed
Economic value retained
*Economic value generated
Crude steel production
Saleable steel sales
Average capacity utilisation
Iron ore from captive sources
69%EBITDA/tonne of sales
Sales from Value-added and Special Products (VASP)
Cost savings from digitalisation
Conversion cost per tonne (Standalone)
Dolvi brownfield expansion near commissioning
Brownfield expansion at Vijayanagar in progress
2.5 MTPA crude steel capacity
1 MTPA downstream capacity
1.2 MTPA
0.1 MTPA of tin plate capacity
Patients across 530 hospitals benefitted
Beds provided across JSW hospitals
Volunteers at Vijayanagar engaged in community awareness
Consolidated volume of medical oxygen supplied
*March-May 20, 2021
Oxygen provided daily across 9 states
**May 1-May 20, 2021
Volunteers at Dolvi engaged in community awareness
Net debt to EBITDA compared to 4.50x in FY 2019-20
Net debt to Net worth compared to 1.48x in FY 2019-20
Reduction of absolute GHG emissions (scope 1 + 2)
Reduction of energy intensity within the organisation
Reduction of specific water consumption in iron and steelmaking processes
Reduction in specific dust emissions from process stacks
18.75%
Senior personnel participated in monthly safety webinars
Safety observation conducted
E-learning safety modules completed
Women beneficiaries through women-only BPOs
Students supported through UDAAN Scholarship
Community toilets created
Farmers reached
The financial year 2020-21 began with disruptions to economic activity owing to the curbs
announced to contain the spread of COVID-19 in India. The initial phase of the nationwide lockdown
impacted the industry and our business significantly.
Capacity ramp up post reopening
Odisha mines operationalisation
Ability to quickly change sales mix
Employee and community well-being
Focus on ESG
Operational efficiency
Project completion
Strategic acquisitions
Strong financial & liquidity management
Building world-class infrastructure, products and solutions
Deploying world-class
capabilities
Nurturing our
communities
At JSW Steel, we continue to deliver on our six strategic focus areas, that define our future roadmap. During FY 2020-21, we have progressed across all fronts of growth, brand, raw material security, efficiency, financial management and sustainability, and have optimised our performance amid a dynamic external environment.
Expanding our installed capacity through organic and inorganic routes to capitalise on opportunities and align with India’s growth story
Innovating and offering value- added and differentiated products with a strong branded portfolio
Securing raw material supply through captive mines, long-term contracts, and an efficient supply chain
Achieving cost efficiency and maximising resource utilisation through varied interventions across operations
Maintaining an optimal capital mix and diversifying our debt profile, while powering our growth ambitions
Embedding good governance and economic, environmental, and social sustainability into everything we do to create value for our stakeholders
Climate change
Energy
Resources
Water resources
Waste
Waste water
Air emissions
Biodiversity
Sustainable mining
Local considerations
Focus area
Globally, there is a clear transition to cleaner energy and fuels. A definite megatrend, it’s an opportunity for industries such as steel with conventionally large-scale dependence on fossil fuels, to relook at their energy mix and ensure energy sufficiency for the future.
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Focus area
With burgeoning population and increasing urbanisation, demand for resources has significantly increased worldwide. The competition between industries and nations are expected to increase, and in this context, prudent sourcing, long-term raw material security and efficient utilisation assume priority.
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Focus area
The requirement for freshwater is rising across communities and industries, and there is a global focus on achieving water security. Innovative ways of sourcing and managing water are being sought across the board, to manage persistent and long-term challenges
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Focus area
Every year, over 11 billion tonnes of solid waste is collected globally, and its disposal and management pose significant challenges. Lack of proper treatment of waste causes several spillover effects, including organic decay of matter that contribute to GHG emissions, and non-decay of single-use plastics that clog the natural ecosystem.
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Focus area
Industrial waste and effluents, along with domestic sewage, can threaten natural ecosystems and communities if disposed without treatment. Globally, about 80% of wastewater flows back into the ecosystem without being treated or reused, contributing to a situation where around 1.8 billion people do not have clean drinking water. There is thus a significant need for the industry to consciously manage their effluents and restrict discharge into natural water bodies.
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Focus area
Particulate Matter (PM), SOx and NOx are pollutants that can have severely detrimental effects on local ecosystems, air quality, habitats, agriculture, and human and animal health.
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Focus area
Biodiversity is increasingly being challenged on land and water, through deforestation and habitat loss, overexploitation, the presence of invasive species, pollution and the impact of climate change. The preservation and restoration of biodiversity are critical for maintaining a balanced ecosystem.
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Indigenous people
Cultural heritage
Employee well-being
Supply chain sustainability
Social sustainability
Focus area
We maintain a healthy dialogue with our employees, to ensure that their needs are adequately met and their time with the organisation is valued and fruitful.
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Through our Group’s social arm, JSW Foundation, we contribute to the progress of the communities inside and outside our direct impact zones. We are of the firm belief that community well-being is the outcome of collaborative developmental models that are replicable, scalable and sustainable.
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At JSW Steel, suppliers are an integral part of our business, who contribute to our growth and viability as a business.
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Guided by the tenets of transparency and openness, our governance approach focuses on the effective working of the management and Board, while ensuring that corporate behaviour remains responsible.
Ethics and integrity
Human rights
Focus area
Ethical behaviour in all operations, functions and processes is the cornerstone of any business, guiding their governance of economic, social and environmental responsibilities. A strong and fully embedded commitment to undertaking business ethically brings considerable benefits, including improved consumer perception (leading to increased loyalty), greater investment, reduced costs, and enhanced employee motivation, involvement and interaction.
At JSW Steel, our policy on business conduct demonstrates our commitment to embed sound governance, deliver transparency, tackle corruption, manage risks. Our Board of Directors oversees our codes of conduct, overall corporate behaviour and integrity of the organisation.
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Focus area
At JSW, we strongly advocate against all kinds of discrimination and stand with our team in the event of any violation. We strive to involve all employees in upholding and sustaining the SA8000 policy in our operations. We are committed to ensuring a workplace adhering to international guidelines and conventions such as ILO.
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