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JSW Steel

December 05, 2023

JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group.[4] After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.[5]

JSW Steel Limited
JSW Vijaynagar Works, Toranagallu in the Bellary-Hospet, Kanataka, India
TypePublic
ISININE019A01038
IndustrySteel
Founded1982
FounderSajjan Jindal
(chairman)
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Sheshagiri Rao MVS, Jayant Acharya
ProductsSteel, flat steel products, long steel products, wire products, plates
Revenue₹166,990 crore (US$21 billion) (2023)[1]
₹5,655 crore (US$710 million) (2023)[1]
₹4,139 crore (US$520 million) (2023)[1]
Total assets₹211,078 crore (US$26 billion) (2023)[1]
Total equity₹67,039 crore (US$8.4 billion) (2023)[1]
Number of employees
13,128 (2021)[1]
ParentJSW Group
SubsidiariesAmba River Coke
Asian Colour Coated Ispat Limited
JSW Bhushan Power and Steel Ltd.
Neotrex Steel Private Limited
Hasuad Steel
JSW Ispat Steel
JSW Bengal Steel
JSW Energy (Bengal)
JSW Industrial Gases
JSW Jharkhand Steel
JSW Natural Resources Bengal
JSW Utkal Steel
Welspun Maxsteel Ltd
JSW MI
Rating
Websitewww.jswsteel.in

History edit

JSW Steel'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).[6] Soon after the acquisition the group set up its first steel plant in 1982 at Vasind, near Mumbai.[7]

Later, in 1994, Jindal Vijayanagar Steel Limited (JVSL) was set up with its plant located at Toranagallu in the Bellary-Hospet area in the State of Karnataka, the heart of the iron ore belt and spread over 10,000 acres (40 km2) of land. It is well connected to both the Mormugao Port and Chennai Port and is 340 kilometres from Bangalore. It is said to be the sixth largest steel plant in the world.[6]

In the year 2005, JISCO and JVSL merged to form JSW Steel Limited.[8] It also set up a plant at Salem with an annual capacity of 1 million tonnes.[4]

Operations edit

As of July 2023, the installed with a production capacity of 29.7 MTPA in India and the United States.[9] The company is aiming to boost the total steel production capacity to 38.5 MTPA by the financial year 2025.[10]

As of April 2023, nearly 98% of JSW Steel's revenue comes from steel and related products — long rolled products (18%), galvanised coils/sheets (15%), CR coils/sheets (9%), plates/pipes (5%), other miscellaneous steel products (5%), and iron ore (2%), in that order. Overall, 70% of revenue is derived from India, and 30% is from overseas.[11] The company historical emphasis has primarily been on flat products, stemming from its origins in a cold rolling mill. As part of its corporate strategy, the company typically directs half of its flat products to downstream facilities for additional value-enhancing processes like galvanizing, coating, or tinning.[12]

Carbon footprint edit

JSW Steel reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 March 2021 at 37,523.07 Kt (-2,998 /-8.6% y-o-y).[13]

JSW Steel's annual Total CO2e emissions (Direct + Indirect) (in kilotonnes)[13]
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
32,101 38,496 42,153 45,848 40,522 37,523

JSW Steel plans to utilize energy from a forthcoming 3,800-tonne hydrogen plant at its Vijayanagar facility, aiming to provide green steel at a premium price within the next 18-24 months. The company has established an agreement with its affiliate, JSW Energy, to procure green hydrogen and green oxygen for the production of sustainable steel.[14][15] Additionally, the company will earn carbon credits based on the amount of conventional thermal power that is substituted with green energy.[16] By 2030, the company plans to set up a green steel plant to comply with the European Union’s Carbon Border Adjustment Mechanism[17] and gradually reduce it use of blast furnaces throughout its value chain.[18]

Plants edit

  • JSW Vijaynagar Works (also known as Integrated Steel Plant, Vijaynagar): It is a flagship plant of the company, which also stands as the largest single-location steel manufacturing unit across India.[19] At present, the plant is in the midst of a brownfield expansion aimed at increasing its current capacity from 13 MTPA to 18 MTPA by FY24. This expansion will cover 600 acres and involve the addition of a 4.5 MTPA blast furnace, two steel melt shops of 350 tonnes each, a 5 MTPA hot strip mill, alongside various other related facilities.[20]
  • JSW Dolvi Works (also known as Integrated Steel Plant, Dolvi): This plant was acquired by the company in 2010 from Ispat Steel for $3 billion. It was first Indian steel plant to adopt a combination of ConArc technology for both steel-making and compact strip production.[21] Whereas a blast furnace transforms iron ore into steel, ConArc utilizes iron pellets, which are essentially one step processed iron ore.[22]
  • JSW Sambalpur Works (also known as Integrated Steel Plant, Rengali): This plant was acquired by the company in 2019 after the liquidation of Bhushan Power & Steel by National Company Law Tribunal.[23][24] It added 3.5 MTPA to overall steel production capacity of the company.[23]
  • JSW Salav Works: This plant was previously was owned by Welspun Groupm and it was purchased by the JSW Steel in 2014 for ₹1,000 crore (US$130 million). It is located in near vicinity (within 40km) of the JSW Dolvi Works.[25]
  • JSW Kalmeshwar Works: It is India's first coated steel manufacturing facility, producing galvanized, Galvalume, and pre-painted galvanized/galvalume steel. The plant was acquired by the company from Ispat Steel, is situated 30 kilometers from Nagpur in Central India.[26]
  • JSW Tarapur Works: It is country's largest single location coated steel plant which manufactures of ultra thin coated products such as pre-painted galvanised/galvalume, galvanised and bare galvalume steel. It is located about 100 kilometers from Mumbai.[citation needed]
  • JSW Vasind Works: The facility, situated 70 kilometers from Mumbai, is a complex equipped with cold rolling, galvanizing, and color coating capabilities.[citation needed]
  • JSW Salem Works: The plant is located 350 kilometers from Chennai, is known for producing special alloy steel.[citation needed]

Merger and acquisitions edit

In 2007, JSW Steel formed a joint venture for a steel plant in Georgia.[27] Any by 2020, it sold of 39 percent stake which it held in JV to Georgian Steel Group Holdings Limited.[28]

In 2009, Japan's JFE Steel, entered into a strategic partnership with JSW Steel to produce automotive steel products.[29]

In 2014, it acquired Welspun Maxsteel Limited in a deal valued at around INR 1,000 Crores.[30][31]

In 2019, JSW Steel acquired Bhushan Power & Steel. This resulted in the absorption of an integrated steel plant in Rengali, Sambalpur, with a capacity of 2.5 million tonnes annually.[32]

in 2020, JSW Ispat Steel was acquired by JSW Steel, 20 months after the latter acquired a controlling stake in Monnet Ispat Industries.[33]

In April 2021, the company acquired Plate and Coil Mill Division (PCMD) of Welspun Corp for a sum of ₹848.5 cr.[34][35]

In October 2021, JSW Steel acquired 51% stake in Neotrex Steel from JSW Group promoters and entered into an under-construction project to manufacture Low Relaxation Prestressed Concrete (LRPC).[36]

In October 2022, JSW Steel initiated a process to acquire Central-India based National Steel & Agro (NSAIL) through resolution plan submitted under the corporate insolvency resolution process. The company makes flat steel products such as cold-rolled coil, galvanised corrugated sheets, colour coil and pre-painted profile sheets and owes lenders over Rs 1,600 crore.[37][38] In May 2023, the company got the final nod from National Company Law Tribunal for the acquisition.[39]

In January 2023, JSW Steel entered into an agreement via one of its subsidiary to acquire 31 percent stake in startup Ayena Innovation which deals in home furnishings and interior decoration sector.[40][41]

In May 2023, JSW Steel reached an in-principle agreement with JFE Steel to establish a 50:50 joint venture to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India.[42][43]

Mining acquisitions edit

JSW Steel currently possesses a total of 13 iron ore mines, with nine located in Karnataka and four in Odisha. Additionally, they have obtained three coking coal mines. During the fiscal year 2022, the company fulfilled 43% of its iron ore needs from its own mines.[44]

In May 2023, JSW Steel bagged iron ore blocks in the Surjagarh area of Maoist-affected Gadchiroli district in Maharashtra after bidding for a composite license through government auctions.[45]

As of 2023, discussions are underway between the company and BHP regarding the potential acquisition of the latter's Daunia and Faunus coking coal mines in Queensland. These mines possess a capacity of 20 million metric tons per annum (MTPA).[46] In the past, JSW Steel has additionally acquired mining assets in the United States,[47] the Republic of Chile,[48] and Mozambique.[49]

Based on the latest information as of August 2023, JSW Steel is actively seeking partners to put forth a proposal to acquire a 75% share in Teck Resources' coal mining assets.[50] This move could potentially compete with a substantial $8 billion bid made by the commodities giant Glencore.[51][52]

Awards and recognitions edit

References edit

  1. ^ a b c d e f "JSW Steel Ltd. Financial Statements" (PDF). nseindia.com.
  2. ^ Anand, Saurav (13 December 2022). "JSW Steel's CDP Rating upgraded to A". Mint.
  3. ^ {"Fitch Ratings JSW Steel Limited". Fitch Ratings.
  4. ^ a b Weng, Yuqing; Dong, Han; Gan, Yong (14 April 2011). Advanced Steels: The Recent Scenario in Steel Science and Technology. Springer Science & Business Media. p. 31. ISBN 978-3-642-17665-4.
  5. ^ Divekar, Aditi (5 June 2015). "JSW Steel is now the largest steel maker in India". www.business-standard.com. Retrieved 24 September 2022.
  6. ^ a b S, Sruthi. S., Sruthi; Murthy, Y. Suryanarayana; Santoki, Ashwinkumar; Shaik, Salauddeen; V., Priyadarshini; G.R., Sachindra; Singh, Dhirendra Bahadur; Gupta, Ravi Kumar; Dimple; Birla, Surbhi (eds.). Emerging Trends in Commerce & Management. Vol. 2. Redshine Publication. p. 321. ISBN 978-93-93239-35-8.
  7. ^ Parikh, Hiral; Desai, Devesh (2022). "A STUDY ON MAJOR STEEL COMPANIES OF INDIA". Towards Excellence. 14 (Special Issue 1). ISSN 0974-035X – via UGC-Human Resource Development Centre, Gujarat University.
  8. ^ "HC nod for Jisco & JVSL merger". The Economic Times. Retrieved 24 September 2022.
  9. ^ Krishna, Tanya (6 July 2023). "JSW Steel posts 11% on-year growth in steel production during Q1FY24". Financialexpress. Retrieved 19 July 2023.
  10. ^ Cornish, Chloe (16 April 2023). "Steelmaker JSW 'bullish' on grabbing share of India's infrastructure boom". Financial Times. Retrieved 1 May 2023.
  11. ^ Ghosh, Asis (14 March 2023). "Equity Research Report: JSW Steel". Stocx. Retrieved 1 May 2023.
  12. ^ Saha, Sambit (19 August 2023). "JSW Steel eyes higher share of long steel products in company's portfolio". Telegraph India. Retrieved 19 August 2023.
  13. ^ a b LTD, Exerica. "ESG Environmental metrics | Public companies". Exerica. Retrieved 12 June 2023.
  14. ^ P. Iyengar, Suresh (25 July 2023). "JSW Steel to source hydrogen power in 18-24 months". www.thehindubusinessline.com. Retrieved 19 August 2023.
  15. ^ Law, Abhishek (22 August 2023). "Steel Ministry to review CBAM preparedness of India's steel mills". BusinessLine. Retrieved 28 October 2023.
  16. ^ "From dirty steel to green biz, how JSW Group is reinventing itself". The Economic Times. 25 April 2023. ISSN 0013-0389. Retrieved 19 August 2023.
  17. ^ Mishra, Naman Suri,Mihir (24 October 2023). "JSW readies for CBAM era with 4 mt green steel unit". mint. Retrieved 28 October 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  18. ^ Doshi, Menaka (29 December 2022). "JSW Steel Warns Europe Carbon Tariff Will Hurt Asia Firms". Bloomberg.com. Retrieved 28 October 2023.
  19. ^ Ahmad, Amreen (27 June 2018). "JSW Steel to invest Rs 75 bn in Karnataka to expand Vijayanagar facility". Business Standard. Retrieved 22 November 2023.
  20. ^ Iyengar, Suresh P. (7 January 2022). "JSW Steel to invest ₹15,000 cr in expanding Vijayanagar capacity by 5 mtpa". BusinessLine. Retrieved 22 November 2023.
  21. ^ "JSW Steel starts production at Dolvi plant in Maharashtra". www.constructionworld.in. Retrieved 22 November 2023.
  22. ^ Datta, Kausik (15 February 2011). "Sajjan Jindal intends to script turnaround story of Ispat Industries". The Economic Times. ISSN 0013-0389. Retrieved 22 November 2023.
  23. ^ a b "NCLT approves JSW Steel's ₹19,700 crore bid for Bhushan Power & Steel". mint. 5 September 2019. Retrieved 22 November 2023.
  24. ^ Iyengar, Suresh P. (5 March 2021). "JSW's conditional acquisition plan gets the nod of Bhushan Power and Steel lenders". BusinessLine. Retrieved 22 November 2023.
  25. ^ Sanjai, Ruchira Singh,P R. (18 August 2014). "JSW Steel to acquire Welspun Maxsteel for Rs1,000 crore". mint. Retrieved 22 November 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  26. ^ "JSW Steel completes merger of JSW Ispat". The Economic Times. 3 June 2013. ISSN 0013-0389. Retrieved 22 November 2023.
  27. ^ "JSW Steel to set up Rs 165 cr JV in Georgia". The Economic Times. Retrieved 24 September 2022.
  28. ^ "JSW Steel arm completes sale of 39% stake in Georgian JV firm". The Economic Times. Retrieved 24 September 2022.
  29. ^ "JSW Steel, Japan's JFE Steel tie up to make car steel in India". The Economic Times. Retrieved 24 September 2022.
  30. ^ "JSW Steel to acquire Welspun Maxsteel Ltd in Rs 1,000-crore deal". The Economic Times. Retrieved 24 September 2022.
  31. ^ "JSW Steel completes acquisition of Welspun's steel business". www.thehindubusinessline.com. 24 July 2021. Retrieved 24 September 2022.
  32. ^ Dhanjal, Swaraj Singh (26 March 2021). "JSW acquires Bhushan Power & Steel; creditors get Rs19,350 crore". mint. Retrieved 31 October 2022.
  33. ^ "Ispat merges with JSW Steel". The Business Standard. 2 September 2012. Retrieved 24 September 2022.
  34. ^ "JSW Steel completes acquisition of Welspun's plates and coil mill business". The Economic Times. Retrieved 31 October 2022.
  35. ^ "JSW Steel completes acquisition of Welspun's steel business". www.thehindubusinessline.com. 24 July 2021. Retrieved 31 October 2022.
  36. ^ "JSW Steel acquires Neotrex Steel". www.thehindubusinessline.com. 2 October 2021. Retrieved 31 October 2022.
  37. ^ Reporter, B. S. (7 October 2022). "JSW Steel Coated Products gets LoI for National Steel and Agro Industries". www.business-standard.com. Retrieved 24 February 2023.
  38. ^ Mehta, Sangita (8 October 2022). "JSW Steel entity to buy National Steel & Agro". The Economic Times. ISSN 0013-0389. Retrieved 24 February 2023.
  39. ^ "JSW Steel to acquire National Steel & Agro Industries". www.thehindubusinessline.com. 19 May 2023. Retrieved 20 May 2023.
  40. ^ "JSW Steel arm enters into deal to buy 31 pc stake in startup Ayena". The Economic Times. 24 January 2023. ISSN 0013-0389. Retrieved 24 February 2023.
  41. ^ Bureau, BL Mumbai (25 January 2023). "JSW Steel arm buys stake in home furnishing start-up". www.thehindubusinessline.com. Retrieved 24 February 2023.
  42. ^ Pillay, Amritha (22 May 2023). "JSW Steel, JFE Steel to set up electrical steel manufacturing JV in India". Moneycontrol. Retrieved 12 June 2023.
  43. ^ "JSW Steel, Japan's JFE Steel ink agreement to manufacture electrical steel in India". The Economic Times. 22 May 2023. ISSN 0013-0389. Retrieved 12 June 2023.
  44. ^ John, Nevin (7 April 2023). "JSW Group: Life Beyond Steel". www.fortuneindia.com. Retrieved 21 May 2023.
  45. ^ Arya, Shishir (2 June 2023). "JSW Steel, 4 others bag iron ore block in G'chiroli". The Times of India. ISSN 0971-8257. Retrieved 12 June 2023.
  46. ^ Barman, Arijit (22 May 2023). "JSW eyes coal mines of Australia's BHP Group in potential $1.5-2 billion deal". The Economic Times. ISSN 0013-0389. Retrieved 12 June 2023.
  47. ^ "JSW Steel completes coal mine buy in US". The Economic Times. Retrieved 24 September 2022.
  48. ^ "JSW gets mining rights in Chile for $52 million". Business Standard India. 17 January 2008. Retrieved 24 September 2022.
  49. ^ Kalesh, Baiju (16 August 2006). "JSW acquires coal mines in Mozambique". The Times of India. Retrieved 24 September 2022.
  50. ^ "India's JSW Steel considers 75% interest in Teck's coal business". Reuters. 17 August 2023. Retrieved 19 August 2023.
  51. ^ Chan, Vinicy; Nair, Dinesh; Kalesh, Baiju (17 August 2023). "India's JSW Weighs Majority Stake in Teck Coal Unit". Bloomberg.com. Retrieved 19 August 2023.
  52. ^ Kurup, Rajesh (18 August 2023). "JSW weighs majority stake in Teck coal unit". Financialexpress. Retrieved 19 August 2023.
  53. ^ "JSW Steel's Vijayanagar unit awarded the Deming Prize". www.thehindubusinessline.com. 22 November 2018. Retrieved 19 July 2023.
  54. ^ "デミング賞受賞報告講演要旨 JSW STEEL LIMITED, SALEM WORKS, INDIA" (PDF). Union of Japanese Scientists and Engineers. 2019. Retrieved 19 July 2023.
  55. ^ "JSW Steel enters S&P DJSI Sustainability Index 2021 for Emerging Markets". The Times of India. 17 November 2021. ISSN 0971-8257. Retrieved 19 July 2023.
  56. ^ "worldsteel announces the 2022 Steel Sustainability Champions". worldsteel.org. Retrieved 19 July 2023.
  57. ^ "JSW Steel Ltd., a Great Place to Work". www.greatplacetowork.com. Retrieved 19 July 2023.

External links edit

  • Official website
  • Business data for JSW Steel Ltd: Google Finance BloombergQuint

December 05, 2023
steel, this, article, contain, excessive, amount, intricate, detail, that, interest, only, particular, audience, please, help, spinning, relocating, relevant, information, removing, excessive, detail, that, against, wikipedia, inclusion, policy, september, 202. This article may contain an excessive amount of intricate detail that may interest only a particular audience Please help by spinning off or relocating any relevant information and removing excessive detail that may be against Wikipedia s inclusion policy September 2023 Learn how and when to remove this template message JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group 4 After the merger of Bhushan Power amp Steel Ispat Steel and Jindal Vijayanagar Steel Limited JSW Steel became India s second largest private sector steel company 5 JSW Steel LimitedJSW Vijaynagar Works Toranagallu in the Bellary Hospet Kanataka IndiaTypePublicTraded asBSE 500228NSE JSWSTEELBSE SENSEX ConstituentNSE NIFTY 50 ConstituentISININE019A01038IndustrySteelFounded1982FounderSajjan Jindal chairman HeadquartersMumbai Maharashtra IndiaArea servedWorldwideKey peopleSheshagiri Rao MVS Jayant AcharyaProductsSteel flat steel products long steel products wire products platesRevenue 166 990 crore US 21 billion 2023 1 Operating income 5 655 crore US 710 million 2023 1 Net income 4 139 crore US 520 million 2023 1 Total assets 211 078 crore US 26 billion 2023 1 Total equity 67 039 crore US 8 4 billion 2023 1 Number of employees13 128 2021 1 ParentJSW GroupSubsidiariesAmba River CokeAsian Colour Coated Ispat LimitedJSW Bhushan Power and Steel Ltd Neotrex Steel Private LimitedHasuad SteelJSW Ispat SteelJSW Bengal SteelJSW Energy Bengal JSW Industrial GasesJSW Jharkhand SteelJSW Natural Resources BengalJSW Utkal SteelWelspun Maxsteel LtdJSW MIRatingCarbon Disclosure Project A Stable 2 Fitch Ratings BB Long Term Issuer Default Rating 3 Websitewww wbr jswsteel wbr in Contents 1 History 2 Operations 2 1 Carbon footprint 2 2 Plants 3 Merger and acquisitions 3 1 Mining acquisitions 4 Awards and recognitions 5 References 6 External linksHistory editJSW Steel 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 6 Soon after the acquisition the group set up its first steel plant in 1982 at Vasind near Mumbai 7 Later in 1994 Jindal Vijayanagar Steel Limited JVSL was set up with its plant located at Toranagallu in the Bellary Hospet area in the State of Karnataka the heart of the iron ore belt and spread over 10 000 acres 40 km2 of land It is well connected to both the Mormugao Port and Chennai Port and is 340 kilometres from Bangalore It is said to be the sixth largest steel plant in the world 6 In the year 2005 JISCO and JVSL merged to form JSW Steel Limited 8 It also set up a plant at Salem with an annual capacity of 1 million tonnes 4 Operations editAs of July 2023 the installed with a production capacity of 29 7 MTPA in India and the United States 9 The company is aiming to boost the total steel production capacity to 38 5 MTPA by the financial year 2025 10 As of April 2023 nearly 98 of JSW Steel s revenue comes from steel and related products long rolled products 18 galvanised coils sheets 15 CR coils sheets 9 plates pipes 5 other miscellaneous steel products 5 and iron ore 2 in that order Overall 70 of revenue is derived from India and 30 is from overseas 11 The company historical emphasis has primarily been on flat products stemming from its origins in a cold rolling mill As part of its corporate strategy the company typically directs half of its flat products to downstream facilities for additional value enhancing processes like galvanizing coating or tinning 12 Carbon footprint edit JSW Steel reported Total CO2e emissions Direct Indirect for the twelve months ending 31 March 2021 at 37 523 07 Kt 2 998 8 6 y o y 13 JSW Steel s annual Total CO2e emissions Direct Indirect in kilotonnes 13 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 202132 101 38 496 42 153 45 848 40 522 37 523JSW Steel plans to utilize energy from a forthcoming 3 800 tonne hydrogen plant at its Vijayanagar facility aiming to provide green steel at a premium price within the next 18 24 months The company has established an agreement with its affiliate JSW Energy to procure green hydrogen and green oxygen for the production of sustainable steel 14 15 Additionally the company will earn carbon credits based on the amount of conventional thermal power that is substituted with green energy 16 By 2030 the company plans to set up a green steel plant to comply with the European Union s Carbon Border Adjustment Mechanism 17 and gradually reduce it use of blast furnaces throughout its value chain 18 Plants edit JSW Vijaynagar Works also known as Integrated Steel Plant Vijaynagar It is a flagship plant of the company which also stands as the largest single location steel manufacturing unit across India 19 At present the plant is in the midst of a brownfield expansion aimed at increasing its current capacity from 13 MTPA to 18 MTPA by FY24 This expansion will cover 600 acres and involve the addition of a 4 5 MTPA blast furnace two steel melt shops of 350 tonnes each a 5 MTPA hot strip mill alongside various other related facilities 20 JSW Dolvi Works also known as Integrated Steel Plant Dolvi This plant was acquired by the company in 2010 from Ispat Steel for 3 billion It was first Indian steel plant to adopt a combination of ConArc technology for both steel making and compact strip production 21 Whereas a blast furnace transforms iron ore into steel ConArc utilizes iron pellets which are essentially one step processed iron ore 22 JSW Sambalpur Works also known as Integrated Steel Plant Rengali This plant was acquired by the company in 2019 after the liquidation of Bhushan Power amp Steel by National Company Law Tribunal 23 24 It added 3 5 MTPA to overall steel production capacity of the company 23 JSW Salav Works This plant was previously was owned by Welspun Groupm and it was purchased by the JSW Steel in 2014 for 1 000 crore US 130 million It is located in near vicinity within 40km of the JSW Dolvi Works 25 JSW Kalmeshwar Works It is India s first coated steel manufacturing facility producing galvanized Galvalume and pre painted galvanized galvalume steel The plant was acquired by the company from Ispat Steel is situated 30 kilometers from Nagpur in Central India 26 JSW Tarapur Works It is country s largest single location coated steel plant which manufactures of ultra thin coated products such as pre painted galvanised galvalume galvanised and bare galvalume steel It is located about 100 kilometers from Mumbai citation needed JSW Vasind Works The facility situated 70 kilometers from Mumbai is a complex equipped with cold rolling galvanizing and color coating capabilities citation needed JSW Salem Works The plant is located 350 kilometers from Chennai is known for producing special alloy steel citation needed Merger and acquisitions editIn 2007 JSW Steel formed a joint venture for a steel plant in Georgia 27 Any by 2020 it sold of 39 percent stake which it held in JV to Georgian Steel Group Holdings Limited 28 In 2009 Japan s JFE Steel entered into a strategic partnership with JSW Steel to produce automotive steel products 29 In 2014 it acquired Welspun Maxsteel Limited in a deal valued at around INR 1 000 Crores 30 31 In 2019 JSW Steel acquired Bhushan Power amp Steel This resulted in the absorption of an integrated steel plant in Rengali Sambalpur with a capacity of 2 5 million tonnes annually 32 in 2020 JSW Ispat Steel was acquired by JSW Steel 20 months after the latter acquired a controlling stake in Monnet Ispat Industries 33 In April 2021 the company acquired Plate and Coil Mill Division PCMD of Welspun Corp for a sum of 848 5 cr 34 35 In October 2021 JSW Steel acquired 51 stake in Neotrex Steel from JSW Group promoters and entered into an under construction project to manufacture Low Relaxation Prestressed Concrete LRPC 36 In October 2022 JSW Steel initiated a process to acquire Central India based National Steel amp Agro NSAIL through resolution plan submitted under the corporate insolvency resolution process The company makes flat steel products such as cold rolled coil galvanised corrugated sheets colour coil and pre painted profile sheets and owes lenders over Rs 1 600 crore 37 38 In May 2023 the company got the final nod from National Company Law Tribunal for the acquisition 39 In January 2023 JSW Steel entered into an agreement via one of its subsidiary to acquire 31 percent stake in startup Ayena Innovation which deals in home furnishings and interior decoration sector 40 41 In May 2023 JSW Steel reached an in principle agreement with JFE Steel to establish a 50 50 joint venture to manufacture cold rolled grain oriented CRGO electrical steel in India 42 43 Mining acquisitions edit JSW Steel currently possesses a total of 13 iron ore mines with nine located in Karnataka and four in Odisha Additionally they have obtained three coking coal mines During the fiscal year 2022 the company fulfilled 43 of its iron ore needs from its own mines 44 In May 2023 JSW Steel bagged iron ore blocks in the Surjagarh area of Maoist affected Gadchiroli district in Maharashtra after bidding for a composite license through government auctions 45 As of 2023 discussions are underway between the company and BHP regarding the potential acquisition of the latter s Daunia and Faunus coking coal mines in Queensland These mines possess a capacity of 20 million metric tons per annum MTPA 46 In the past JSW Steel has additionally acquired mining assets in the United States 47 the Republic of Chile 48 and Mozambique 49 Based on the latest information as of August 2023 JSW Steel is actively seeking partners to put forth a proposal to acquire a 75 share in Teck Resources coal mining assets 50 This move could potentially compete with a substantial 8 billion bid made by the commodities giant Glencore 51 52 Awards and recognitions editDeming Prize 2018 for JSW Vijaynagar Works 53 Deming Prize 2019 for JSW Salem Works 54 S amp P Dow Jones Sustainability Index 2021 for Emerging Markets 55 World Steel Association s Steel Sustainability Champion 2019 2020 2021 and 2022 56 Great Places to Work Certified 2023 2024 57 References edit a b c d e f JSW Steel Ltd Financial Statements PDF nseindia com Anand Saurav 13 December 2022 JSW Steel s CDP Rating upgraded to A Mint Fitch Ratings JSW Steel Limited Fitch Ratings a b Weng Yuqing Dong Han Gan Yong 14 April 2011 Advanced Steels The Recent Scenario in Steel Science and Technology Springer Science amp Business Media p 31 ISBN 978 3 642 17665 4 Divekar Aditi 5 June 2015 JSW Steel is now the largest steel maker in India www business standard com Retrieved 24 September 2022 a b S Sruthi S Sruthi Murthy Y Suryanarayana Santoki Ashwinkumar Shaik Salauddeen V Priyadarshini G R Sachindra Singh Dhirendra Bahadur Gupta Ravi Kumar Dimple Birla Surbhi eds Emerging Trends in Commerce amp Management Vol 2 Redshine Publication p 321 ISBN 978 93 93239 35 8 Parikh Hiral Desai Devesh 2022 A STUDY ON MAJOR STEEL COMPANIES OF INDIA Towards Excellence 14 Special Issue 1 ISSN 0974 035X via UGC Human Resource Development Centre Gujarat University HC nod for Jisco amp JVSL merger The Economic Times Retrieved 24 September 2022 Krishna Tanya 6 July 2023 JSW Steel posts 11 on year growth in steel production during Q1FY24 Financialexpress Retrieved 19 July 2023 Cornish Chloe 16 April 2023 Steelmaker JSW bullish on grabbing share of India s infrastructure boom Financial Times Retrieved 1 May 2023 Ghosh Asis 14 March 2023 Equity Research Report JSW Steel Stocx Retrieved 1 May 2023 Saha Sambit 19 August 2023 JSW Steel eyes higher share of long steel products in company s portfolio Telegraph India Retrieved 19 August 2023 a b LTD Exerica ESG Environmental metrics Public companies Exerica Retrieved 12 June 2023 P Iyengar Suresh 25 July 2023 JSW Steel to source hydrogen power in 18 24 months www thehindubusinessline com Retrieved 19 August 2023 Law Abhishek 22 August 2023 Steel Ministry to review CBAM preparedness of India s steel mills BusinessLine Retrieved 28 October 2023 From dirty steel to green biz how JSW Group is reinventing itself The Economic Times 25 April 2023 ISSN 0013 0389 Retrieved 19 August 2023 Mishra Naman Suri Mihir 24 October 2023 JSW readies for CBAM era with 4 mt green steel unit mint Retrieved 28 October 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Doshi Menaka 29 December 2022 JSW Steel Warns Europe Carbon Tariff Will Hurt Asia Firms Bloomberg com Retrieved 28 October 2023 Ahmad Amreen 27 June 2018 JSW Steel to invest Rs 75 bn in Karnataka to expand Vijayanagar facility Business Standard Retrieved 22 November 2023 Iyengar Suresh P 7 January 2022 JSW Steel to invest 15 000 cr in expanding Vijayanagar capacity by 5 mtpa BusinessLine Retrieved 22 November 2023 JSW Steel starts production at Dolvi plant in Maharashtra www constructionworld in Retrieved 22 November 2023 Datta Kausik 15 February 2011 Sajjan Jindal intends to script turnaround story of Ispat Industries The Economic Times ISSN 0013 0389 Retrieved 22 November 2023 a b NCLT approves JSW Steel s 19 700 crore bid for Bhushan Power amp Steel mint 5 September 2019 Retrieved 22 November 2023 Iyengar Suresh P 5 March 2021 JSW s conditional acquisition plan gets the nod of Bhushan Power and Steel lenders BusinessLine Retrieved 22 November 2023 Sanjai Ruchira Singh P R 18 August 2014 JSW Steel to acquire Welspun Maxsteel for Rs1 000 crore mint Retrieved 22 November 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link JSW Steel completes merger of JSW Ispat The Economic Times 3 June 2013 ISSN 0013 0389 Retrieved 22 November 2023 JSW Steel to set up Rs 165 cr JV in Georgia The Economic Times Retrieved 24 September 2022 JSW Steel arm completes sale of 39 stake in Georgian JV firm The Economic Times Retrieved 24 September 2022 JSW Steel Japan s JFE Steel tie up to make car steel in India The Economic Times Retrieved 24 September 2022 JSW Steel to acquire Welspun Maxsteel Ltd in Rs 1 000 crore deal The Economic Times Retrieved 24 September 2022 JSW Steel completes acquisition of Welspun s steel business www thehindubusinessline com 24 July 2021 Retrieved 24 September 2022 Dhanjal Swaraj Singh 26 March 2021 JSW acquires Bhushan Power amp Steel creditors get Rs19 350 crore mint Retrieved 31 October 2022 Ispat merges with JSW Steel The Business Standard 2 September 2012 Retrieved 24 September 2022 JSW Steel completes acquisition of Welspun s plates and coil mill business The Economic Times Retrieved 31 October 2022 JSW Steel completes acquisition of Welspun s steel business www thehindubusinessline com 24 July 2021 Retrieved 31 October 2022 JSW Steel acquires Neotrex Steel www thehindubusinessline com 2 October 2021 Retrieved 31 October 2022 Reporter B S 7 October 2022 JSW Steel Coated Products gets LoI for National Steel and Agro Industries www business standard com Retrieved 24 February 2023 Mehta Sangita 8 October 2022 JSW Steel entity to buy National Steel amp Agro The Economic Times ISSN 0013 0389 Retrieved 24 February 2023 JSW Steel to acquire National Steel amp Agro Industries www thehindubusinessline com 19 May 2023 Retrieved 20 May 2023 JSW Steel arm enters into deal to buy 31 pc stake in startup Ayena The Economic Times 24 January 2023 ISSN 0013 0389 Retrieved 24 February 2023 Bureau BL Mumbai 25 January 2023 JSW Steel arm buys stake in home furnishing start up www thehindubusinessline com Retrieved 24 February 2023 Pillay Amritha 22 May 2023 JSW Steel JFE Steel to set up electrical steel manufacturing JV in India Moneycontrol Retrieved 12 June 2023 JSW Steel Japan s JFE Steel ink agreement to manufacture electrical steel in India The Economic Times 22 May 2023 ISSN 0013 0389 Retrieved 12 June 2023 John Nevin 7 April 2023 JSW Group Life Beyond Steel www fortuneindia com Retrieved 21 May 2023 Arya Shishir 2 June 2023 JSW Steel 4 others bag iron ore block in G chiroli The Times of India ISSN 0971 8257 Retrieved 12 June 2023 Barman Arijit 22 May 2023 JSW eyes coal mines of Australia s BHP Group in potential 1 5 2 billion deal The Economic Times ISSN 0013 0389 Retrieved 12 June 2023 JSW Steel completes coal mine buy in US The Economic Times Retrieved 24 September 2022 JSW gets mining rights in Chile for 52 million Business Standard India 17 January 2008 Retrieved 24 September 2022 Kalesh Baiju 16 August 2006 JSW acquires coal mines in Mozambique The Times of India Retrieved 24 September 2022 India s JSW Steel considers 75 interest in Teck s coal business Reuters 17 August 2023 Retrieved 19 August 2023 Chan Vinicy Nair Dinesh Kalesh Baiju 17 August 2023 India s JSW Weighs Majority Stake in Teck Coal Unit Bloomberg com Retrieved 19 August 2023 Kurup Rajesh 18 August 2023 JSW weighs majority stake in Teck coal unit Financialexpress Retrieved 19 August 2023 JSW Steel s Vijayanagar unit awarded the Deming Prize www thehindubusinessline com 22 November 2018 Retrieved 19 July 2023 デミング賞受賞報告講演要旨 JSW STEEL LIMITED SALEM WORKS INDIA PDF Union of Japanese Scientists and Engineers 2019 Retrieved 19 July 2023 JSW Steel enters S amp P DJSI Sustainability Index 2021 for Emerging Markets The Times of India 17 November 2021 ISSN 0971 8257 Retrieved 19 July 2023 worldsteel announces the 2022 Steel Sustainability Champions worldsteel org Retrieved 19 July 2023 JSW Steel Ltd a Great Place to Work www greatplacetowork com Retrieved 19 July 2023 External links editOfficial website Business data for JSW Steel Ltd Reuters Google Finance BloombergQuint Retrieved from https en wikipedia org w index php title JSW Steel amp oldid 1188351942, wikipedia, wiki, book, books, library,

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