JSW Steel Ltd

Jindal South West Limited (JSW Steel Ltd.) is an Indian multinational steel making company based in Mumbai, Maharashtra. It is a subsidiary of JSW Group. It is one of the fastest-growing companies in India with a global footprint in over 140 countries.[2] After the merger of ISPAT steel, JSW Steel has become India's second largest private sector steel company. The current installed capacity of the company stands at 18 MTPA.[3] A $13 billion conglomerate, with presence across India, USA, South America & Africa, the JSW Group is a part of the O.P. Jindal Group with strong footprints across core economic sectors, namely, Steel, Energy, Infrastructure, Cement, Ventures and Sports.[4] JSW's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO).[5]

JSW Steel Ltd.
TypePublic
ISININE019A01038
IndustrySteel
Founded1982
FounderSajjan Jindal
(Chairman)
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Sheshagiri Rao MVS, Dr.Vinod Nowal
ProductsSteel, flat steel products, long steel products, wire products, plates
Revenue₹73,872 crore (US$9.8 billion) (2020)[1]
₹7,368 crore (US$980 million) (2020)[1]
₹4,009 crore (US$530 million) (2020)[1]
Total assets₹1.31820 lakh crore (US$18 billion) (2020)[1]
Total equity₹36,298 crore (US$4.8 billion) (2019)[1]
Number of employees
12,599 (2019)[1]
ParentJSW Group
SubsidiariesIspat industries Ltd
Websitewww.jsw.in

Soon after the acquisition the group set up its first steel plant in 1982 at Vasind near Mumbai. Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994, with its plant located at Toranagallu in Ballari, Karnataka, the heart of the high-grade iron ore belt and spread over 10,000 acres (40km²) of land.[6] Located 340 kilometers from Bengaluru, it is well connected to both the Goa and Chennai Port. In 2005, JISCO and JVSL merged to form JSW Steel Ltd. The JSW Ballari plant is the world's sixth largest steel plant.[7]

JSW Steel formed a joint venture for a steel plant in Georgia. The company has also tied up with JFE Steel Corp, Japan for manufacturing the high grade automotive steel. JSW has also acquired mining assets in the Republic of Chile, United States and Mozambique.

History

In 1994, Jindal Vijayanagar Steel (JVSL) was set up with its plant located at Toranagallu in the Bellary-Hospet area in the State of Karnataka, the heart of the high-grade iron ore belt and spread over 10,000 acres (40 km2) of land.[8] It also set up a plant at Salem with an annual capacity of 1 million tonnes. It is on the cusp of a major expansion plan to add 3.2 million tons per annum to its at Vijayanagar Plant to achieve a capacity of 11 MTPA by 2011. The company has established a strong presence in the global value-added steel segment with the acquisition of a steel mill in the United States and a Service Center in United Kingdom. JSW Steel has also formed a joint venture for setting up a steel plant in Georgia. The Company has further acquired iron ore mines in Chile and coal mines in USA & Mozambique. The current manufacturing capacity of company is 18 MTPA.[9] In Aug 2014, it acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 Crores.[10] JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi Maharashtra (earlier named Ispat Industries Ltd.).

See history of JSW Steel since 1982.

Carbon footprint

JSW Steel reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 March 2020 at 40,522 Kt (-5,326 /-11.6% y-o-y).[11] There is no evidence of a consistent declining trend as yet.

JSW Steel's annual Total CO2e emissions (Direct + Indirect) (in kilotonnes)[11]
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
32,10138,49642,15345,84840,522

References
  1. "JSW Steel Ltd. Financial Statements". moneycontrol.com.
  2. "Get in touch with JSW Group Companies". Jsw.in. Archived from the original on 19 December 2010. Retrieved 23 December 2010.
  3. "JSW Steel has become the second largest steel producer in the country after state-owned Steel Authority of India (SAIL)". economictimes.com. Retrieved 3 June 2013.
  4. "JSW Group: One of the fastest growing business house". Jsw.in. Retrieved 23 December 2010.
  5. "JSW Steel Ltd. is one among the largest Indian Steel Companies in India today". Jsw.in. Archived from the original on 19 December 2010. Retrieved 23 December 2010.
  6. "JSW - Vijayanagar Works - Overview". www.jswsteel.in. Retrieved 7 December 2021.
  7. "JSW - Vijayanagar Works - Overview". www.jswsteel.in. Retrieved 7 December 2021.
  9. "Archived copy". Archived from the original on 19 December 2010. Retrieved 23 December 2010.CS1 maint: archived copy as title (link)
  10. "Welspun Max Steel Sold". Bloomberg TV India.
  11. "JSW Steel's Sustainability Report for 2020Q1". Archived from the original (PDF) on 3 January 2021.
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