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JSW Steel Ltd.

BSE: 500228 Sector: Metals & Mining
NSE: JSWSTEEL ISIN Code: INE019A01038
BSE LIVE 15:42 | 12 Dec 250.30 -0.75
(-0.30%)
OPEN

249.55

HIGH

254.60

LOW

248.80

NSE 15:52 | 12 Dec 249.95 -1.55
(-0.62%)
OPEN

250.95

HIGH

254.85

LOW

249.00

OPEN 249.55
PREVIOUS CLOSE 251.05
VOLUME 121099
52-Week high 277.00
52-Week low 151.43
P/E 19.60
Mkt Cap.(Rs cr) 60,503
Buy Price 250.55
Buy Qty 1649.00
Sell Price 0.00
Sell Qty 0.00
OPEN 249.55
CLOSE 251.05
VOLUME 121099
52-Week high 277.00
52-Week low 151.43
P/E 19.60
Mkt Cap.(Rs cr) 60,503
Buy Price 250.55
Buy Qty 1649.00
Sell Price 0.00
Sell Qty 0.00

JSW Steel Ltd. (JSWSTEEL) - Company History

JSW Steel Ltd the flagship company of the JSW Group is an integrated steel manufacturer. JSW Steel is the largest private sector steel manufacturer in terms of installed capacity. The company offers the entire gamut of steel products - Hot Rolled Cold Rolled Galvanized Galvalume Pre-painted Galvanised Pre-painted Galvalume TMT Rebars Wire Rods & Special Steel Bars Rounds & Blooms. They have manufacturing facilities at Toranagallu in Karnataka Vasind & Tarapur in Maharashtra and Salem in Tamil Nadu. The company is part of US $15 billion O.P.Jindal Group. JSW Steel Ltd was originally incorporated as Jindal Vijayanagar Steel Ltd on March 15 1994. During the year the company entered into a technical arrangement with Voest Alpine Industrieanlagenbau (VAI) for technical details with respect to productivity iron ore technical details etc. The company set up two joint venture companies namely Jindal Tractebel Power Company Ltd and Jindal Praxair Oxygen Co (P) Ltd for supply of power of 2 x 130 MW of power and supply of Oxygen respectively. In the year l995 the company entered into a joint venture with Praxair to build and operate world's largest cryogenic air separation plants for supply of oxygen nitrogen and argon to Jindal's integrated steel facility in Bellary in Karnataka. In theyear 1997 the company commissioned the BOF & CCP Units to synchronize with the commissioning of the first unit of Corex. Also they entered into a joint venture with Mysore Minerals Ltd (A Government of Karnataka Undertaking) the Leaseholder of Thimmappanagudi deposits to form Jindal Mysore Minerals Mining Company Pvt Ltd. In March 1997 JVSL commissioned the first phase of the roughing mill of their hot strip mill. In the year 1999 the company entered into an agreement with the Steel Authority of India (SAIL) for procuring slab. They acquired 60 per cent stake in a city-based joint venture company Chemicon. Also they made an agreement with Saint-Gobain Glass India to install an air separation plant for the supply of nitrogen and hydrogen to Saint-Gobain's float glass unit at Chennai. In the year 2000 the company implemented a total integrated resource planning solution for their business process which was the first of its kind in India. The company signed a Memorandum of Understanding (MoU) with miners in and around the company's captive mines located in the Bellary Hospet region in Karnataka. The MoU was signed for supplying iron ore fines for the company's pelletisation plant. JSW group acquired the company and took over the Management from November 2004. Salem Works is the only integrated steel plant in Tamil Nadu and is located at Pottaneri/M. Kalipatti villages and at about 35 kms from Salem. In 2005 JSWSL approved the merger of Euro Ikon Iron & Steel Pvt Ltd Euro Coke & Energy Pvt Ltd and JSW Power Ltd. The company's name was changed to JSW Steel Limited on June 16 2005. In January 2007 the company executed a Development Agreement with The Government of West Bengal West Bengal Industrial Development Corporation Limited (WBIDC) West Bengal Mineral Development and Trading Corporation Limited (WBMDTC) for setting up a 10 MTPA steel plant in suitable phases. JSW steel has inaugurated two exclusive JSW Shoppe in Hubli Karnataka on December 4 2007 At JSW Shoppe end consumer will also know about different application of different steel products being manufactured by the company through actual components and pictures from Automobile White Goods Sectors and Construction. In March 28 2008 the company incorporated a 100% subsidiary namely JSW Building Systems Ltd to design make prepare develop create alter replace repair pre-fabricated building systems and technologies. In April 10 2009 the 2.8 MTPA Crude Steel Expansion Project at Vijayanagar Works commenced commercial production enhancing the Crude Steel manufacturing capacity to 6.8 MTPA and scaling up the overall steel manufacturing capacity of the Company to 7.8 MTPA. In November 19 2009 the company has signed a strategic collaboration agreement with JFE Steel Corporation the world renowned Japanese steel company at Mumbai. This collaboration agreement provides an ideal platform for both the steel companies to come together and leverage each others strength to their mutual benefit. In December 2009 the company commissioned the 30 MW Power Plant at Tarapur equipped with latest ESP system and designed for zero affluent discharge. Also the company has also entered into an agreement with Maharashtra State Electricity Distribution Co Ltd (MSEDCL) for sale of the surplus power. Since December 2009 the company has been selling the surplus power to MSEDCL. The state-of-the-art new Hot Strip Mill with a capacity of 5 MTPA is being implemented in two phases. The Phase-I with a capacity of 3.5 MTPA has been successfully commissioned on March 28 2010. After successful trial runs the Mill commenced commercial operations on April 10 2010. Phase-II is under implementation In September 2010 they commissioned the 300 MW captive power plant at Vijayanagar works. Also they commissioned the phase of the Blooming Mill with capacity of 0.25 mtpa in Salem works. In December 2010 they commissioned the two of the four batteries (Battery A&B) of coke oven 4 (1.95 mtpa capacity) in at Vijayanagar works. In January 2011 they acquired the assets of Integrated Steel Plant division of Bellary Steel & Alloys Ltd. In February 2011 the company commissioned the Sinter plant 3 (5.75 mtpa capacity) at Vijayanagar works the largest such facility in India. In October 2011 the company signed a joint venture agreement with Marubeni-Itochu Steel Inc. Tokyo (MISI) to set-up a steel processing center in North India under the name of JSW MI Steel Service Center Pvt Ltd. The company has decided to set up a new cold rolling mill complex of 2.3 mtpa in two phases at its Vijaynagar Works considering the growing demand from consumer durables and automobile segment for CRCA products. By 2012-2013 JSW Steel became India's largest integrated private steel manufacturer with a combined capacity of 14.3 MTPA. By 2025 JSW Steel is aiming to produce 40 million tonnes of steel annually with greenfield integrated steel plants coming up in West Bengal and Jharkhand while adding further capacities at the Vijayanagar and Salem plants. It has also signed a joint venture agreement with Japan's Marubeni-Itochu Steel Inc (MISI) to set up steel processing centres in India. The equal joint venture company is equipped to process flat steel products such as hot rolled cold rolled steel and coated products to cater to the needs of automotive white goods construction and other value added segments.