JSW Steel Ltd

JSW Steel Ltd. is an Indian 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$10 billion) (2020)[1]
₹7,368 crore (US$1.0 billion) (2020)[1]
₹4,009 crore (US$560 million) (2020)[1]
Total assets₹131,820 crore (US$18 billion) (2020)[1]
Total equity₹36,298 crore (US$5.1 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 the Bellary-Hospet area of Karnataka and External Areas of Andra Pradesh, the heart of the high-grade iron ore belt and spread over 3,700 acres (15 km2) of land. 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.

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.[6] 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.[7] In Aug 2014, it acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 Crores.[8] JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi Maharashtra (earlier named Ispat Industries Ltd.).

See history of JSW Steel since 1982.

Facilities

Vijayanagar Works

India’s first 12 MTPA steel plant at single location, “the fastest growing steel plant in India”. The JSW Steel Vijayanagar plant is the first integrated steel plant to reach 12 MTPA capacity in a single location. It is the first in India to use the Corex technology for hot metal production. Now other steel plants are coping the same.

The first hot strip mill at Vijayanagar was commissioned in 1997. Since then it has grown exponentially and now has an installed capacity to produce 12 MTPA of steel. Located at a remote village Toranagallu part of under developed North Karnataka in the Bellary-Hospet iron ore belt of Karnataka, the fully integrated steel plant, is well-connected with both the Goa, Krishnapatnam, Mangalore and Chennai ports.

Unique features:

  • Regarded as the world’s Corex showpiece; it was the first Greenfield project in India and among the first in the world to have successfully used this technology to produce “green steel”
  • Houses India’s largest blast furnace and the widest hot strip mill
  • The only plant in India with pair-cross technology and twin-stand reversible cold-rolling mill
  • The highest productivity steel plant in India, producing 800-plus tonnes per person per annum
  • Recognized for its ‘zero-effluent discharge’ status; it reuses more than 95 per cent of process waste
  • Low carbon footprint as it recycles 96% of coke oven gas for power generation
  • Uses sophisticated ambient air control infrastructure beyond and has reduced gas flaring to lower levels.

Salem Works

Salem Works in JSW Website JSW acquired SISCOL in the year 2004, a sick unit at that time. Quick turnaround of the plant was achieved by expanding capacity from 0.3 Mt to 1 Mt and switching over to value added products.

Unique features: The largest special steel plant in India with 1 MTPA Capacity The leading virgin special steel producerProduces more than 850 special grades of steel Provides a wide range of sizes and grades all under one roof Utilizes a 8 Stand H/V Mill for superior size reduction Uses the Kocks block technology for providing ¼ DIN standard It also has a phased array technology that detects internal defects Successfully achieves zero-waste dischargeAchieves a 100% waste utilization More than 70% of captive power generation is done through waste heat One of the few plants to use Energy Optimizing Furnace (EOF) for special steel production

  • Complete product range
  • Rounds: 5.5 to 180 mm
  • RCS: 55 to 265 mm
  • Flats: 60 to 101 series
  • DSIR Approved R&D Centre with sophisticated modern equipments.
  • Online Automatic inspection and testing facilities for Rounds and RCS up to 160 
  • High precision rolling Reducing and Sizing block in Bar and rod mill

Dolvi Works

The 5 MTPA integrated steel plant at Dolvi, Maharashtra majority stake acquired in 2010, is an inherent part of JSW Steel. This is Indian's first and only operating CONARC Technology plant. Located on the west coast of India, the plant has a jetty with a capacity of 10 million tonnes per annum. This provides the unit with logistical advantages in importing raw materials and savings on freight cost. The unit is connected through rail, road and sea and has given the JSW Steel a strategic presence in western India.

The Dolvi plant caters to several industries including automotive, projects and construction, machinery, LPG cylinder-makers, cold rollers, oil and gas sector and consumer durables.

Unique features:

  • The Dolvi plant is the first in India to adopt a combination of Conarc technology for steel making and compact strip production (CSP) for producing hot rolled coils. * The main feature of CSP is thin slab casting.
  • It can produce coils with thickness as low as 1.0  mm.
  • HR coils produced at Dolvi are feed material for the two JSW Steel cold rolling and downstream facilities at Vasind and Tarapur.

Vasind Works

The Vasind plant focuses on JSW- branded high-end steel products. It sources HR Steel coils from the Dolvi and Vijayanagar plants to manufacture value-added, branded steel products such as galvanised steel, plain and corrugated products as well as color-coated products.

The journey that started in 1982 with the commissioning of a 20 high cold rolling mill has turned into a full-fledged complex with cold rolling, hot rolling, galvanizing and colour coating facilities. Galvanized steel from Vasind is a market leader in both domestic and international markets. The unit exports mainly to the US, Europe and Middle East Asia and South African Continent.

The plant has a total capacity of 0.45 MTPA in galvanized and cold-rolled products, 0.225 MTPA color coated products and hot-rolled plates manufacturing facility.

Unique features:

  • Part of India’s largest coated product producer and exporter of galvanized steel.
  • Manufacturer of appliance grade color coated products, a revolutionary product in the Indian steel industry which will replace imported steel in the manufacture of white goods in India.
  • It has one of the plant that acquired in JSW.
  • Turn Around Delivery Time within three weeks of demand.

Tarapur Works

The Tarapur plant marks one of the first milestones for JSW Steel. This plant was originally inaugurated on 11 May 1974 by Hon. Vasant Rao Naik, the then Chief Minister of Maharashtra. The plant was acquired by Late Shri O. P. Jindal on 9 November 1982, from Piramal Steel Limited and renamed Jindal Iron and Steel Company. The plant offers coated products catering to several sectors. Tarapur plant specializes in galvanizing, Galvalume and color coated steels. It is India’s largest producer and exporter of Coated Products.

The Tarapur plant has five cold rolling mills and three coated strip divisions, which include two dual pot galvanizing cum galvalume lines, two color coated line.

It has a total capacity of 0.75 MTPA (including ongoing projects) and sources coils from the Vijayanagar and Dolvi plants to manufacture value-added branded steel products.

Features:

  • The Tarapur plant is specialized for the Ultra Thin Coated Products.
  • The Tarapur plant features two dual product lines for galvanized cum Galvalume with a coating capacity of 0.45 MTPA.
  • Tarapur has a zero discharge facility having a multi-effect evaporator system for effluent treatment.
  • It has a unique service center facility to meet the customized requirement of various segment like Export, OEM, Retail for their cut sheet/ corrugation and profiling requirement
  • It has also installed rainwater harvesting system to meet its water requirement.
  • The plant is right under commissioning a 2,50,000 MT Tinplate line with a Continuous annealing line.

Kalmeshwar Works

It is located 25 km away from Nagpur covering an area of 3,44,344 square meter.

  • One of the downstream operations of JSW Steel is executed from Kalmeshwar.
  • The Kalmeshwar plant has a picking line, three rolling mills, two galvanized lines, two-color coating lines, a galvalume line, 6 slitting and seven cuts to length lines, two profiling lines, and a tile profiling line.
  • It was earlier known as ISPAT industries.

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.
  7. "Archived copy". Archived from the original on 19 December 2010. Retrieved 23 December 2010.CS1 maint: archived copy as title (link)
  8. "Welspun Max Steel Sold". Bloomberg TV India.
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