JSW Steel Ltd

JSW Steel Ltd is an Indian multinational steel making company based in Mumbai, and a part of the JSW Group. After the merger of ISPAT Steel, JSW Steel became India's second largest private sector steel company. The current installed capacity of the company stands at 18 MTPA.[2]

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₹80,431 crore (US$11 billion) (2021)[1]
₹12,097 crore (US$1.6 billion) (2021)[1]
₹7,872 crore (US$1.0 billion) (2021)[1]
Total assets₹1.48317 lakh crore (US$19 billion) (2021)[1]
Total equity₹46,764 crore (US$6.1 billion) (2021)[1]
Number of employees
13,128 (2021)[1]
ParentJSW Group
SubsidiariesIspat industries Ltd
Websitewww.jsw.in

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).[3] 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 (40 km²) of land.[4] Located 340 kilometers from Bangalore, 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.[4]

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.[5] 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.[6] In Aug 2014, it acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 Crores.[7] JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi Maharashtra (earlier named Ispat Industries Ltd.).

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).[8] There is no evidence of a consistent declining trend as yet.

JSW Steel's annual Total CO2e emissions (Direct + Indirect) (in kilotonnes)[8]
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
32,10138,49642,15345,84840,522

References
  1. "JSW Steel Ltd. Financial Statements". moneycontrol.com.
  2. "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.
  3. "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.
  4. "JSW - Vijayanagar Works - Overview". www.jswsteel.in. Retrieved 7 December 2021.
  5. http://www.jsw.in/companies/JSWSteel_aboutus_beginning.shtml#two
  6. "Archived copy". Archived from the original on 19 December 2010. Retrieved 23 December 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  7. "Welspun Max Steel Sold". Bloomberg TV India.
  8. "JSW Steel's Sustainability Report for 2020Q1" (PDF). Archived from the original (PDF) on 30 September 2021. Alt URL
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