JSW Steel - Manufacuring Sector Company | IBEF
India's ranking in terms of most sought after manufacturing destination in the world has improved to three from the fourth spot in the previous year.
JSW Steel is a flagship company of the JSW Group. The company is a leading integrated steel manufacturer. Currently, one of the fastest growing companies in India, it has a presence in over 100 countries. JSW is also the first company to manufacture high-strength and advanced high-end steel products for its automotive segments.
With the largest product portfolio in steel, the company is also India's largest steel exporter, shipping to over 100 countries across five continents. With plants in Karnataka, Tamil Nadu and Maharashtra, it has the capacity to produce 22 MTPA. Now, as the company ramp-ups production plans, it is on track to hit the 40 MTPA mark within a span of 10 years.
Company Website: www.jsw.in
JSW Steel – Better Everyday
| 2021 |
In July 2021, the company recorded production of 13.82 lakh tonnes, an increase of 11% YoY, over 12.46 lakh tonnes in July 2020. In June 2021, JSW Group merged its large project divisions of the steel and cement business. |
| 2020 |
JSW Energy Ltd. Acquired a 100% stake in GMR Kamalanga Energy Ltd. (GKEL) for Rs. 5,321 crore (US$ 722.86 million). The latter has a 1,050 mega-watt (MW) thermal power plant in Odisha. Acquired Bhushan Power and Steel Ltd in a deal worth Rs. 19,700 crore (US$ 2.82 billion) JSW Steel plans to expand Dolvi Works plant capacity from 5 million tonnes per annum to 10 million tonnes per annum with an investment of about Rs. 15,000 crore (US$ 2.128 billion) |
| 2019 | JSW Group entered paints business, eyeing Rs. 2,000 crore (US$ 290.3 million) revenue by FY22 |
| 2018 | Reported highest ever quarterly crude steel production |
| 2018 | Announced investment worth Rs. 3,222.50 crore (US$ 500 million) to build its US operations in Texas |
| 2016 | JSW Steel announced that it has completed the acquisition of 74 per cent shareholding of Praxair India Private Limited in JSW Praxair Oxygen Private Limited (JPOPL) |
| 2014 | Announced the launch of Cold Rolling Mill 2 (CRM-2) mill facility at Vijayanagar Works, Karnataka |
| 2013 | Became India's largest private sector integrated steel manufacturer with production capacity of 14.3 MTPA |
| 2009 | The 2.8 MTPA crude steel expansion project at Vijayanagar Works commenced commercial production enhancing overall manufacturing steel capacity of the company to 7.8 MTPA |
| 2005 | The company's name was changed to JSW Steel on June 16, 2005 |
| 2004 | JSW Group acquired and took over the company |
| 1999 | Entered into an agreement with Steel Authority of India Limited (SAIL) for procuring slab |
| 1997 | Commissioned Blast Operating Furnace (BOF) and Continuous Casting Project (CCP) units to synchronize with the commissioning of the first unit of Corex |
| 1995 | Entered into a Joint Venture (JV) with Praxair to build and operate the world's largest cryogenic air separation plants |
| 1994 | Incorporated as Jindal Vijayanagar Steel Ltd on March 15, 1994 |
- Presence in over 100 countries
- India’s largest steel exporter
- Production capacity of 22 million tonnes per annum (MTPA)
- Crude steel production stood at 15.08 million tonnes in FY21
- Total income stood at Rs. 26,159 crore (US$ 3.55 billion) in the first quarter of FY22
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