JSW Steel - Manufacuring Sector Company | IBEF
India is the third most sought-after manufacturing destination in the world and has the potential to export goods worth US$ 1 trillion by 2030.
JSW Steel is the 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.
- 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
JSW Steel – Better Everyday
| Year | Milestone |
|---|---|
| 2024 |
JSW Steel is acquiring a 66.67% stake in Australian coking coal miner M Res NSW HCC Pty Ltd for Rs. 1,476.79 crore (US$ 170 million) to secure essential coking coal supplies for its expansion plans, addressing India's scarcity of premium quality reserves. JSW Group is set to invest Rs. 6,08,090 crore (US$ 70 billion) over the next six years, including Rs. 43,435 crore (US$ 5 billion) for electric vehicle projects in Odisha, which will feature a 50 GWh EV battery plant, a lithium refinery, and a copper smelter, while also expanding its steel, cement, and electricity generation capacities. In February 2024, JSW Steel and JSW Group announced a Rs. 65,000 (US$ 7.82 billion) crore investment in an integrated manufacturing complex in Odisha. The project will include steel manufacturing, a power plant, a cement unit, and jetties, with the potential to create 30,000 jobs. Additionally, JSW Group signed an agreement with the Odisha government for a Rs. 40,000 crore (US$ 4.81 billion) electric vehicle and EV battery manufacturing project, expected to generate over 11,000 jobs. |
| 2023 |
Leaders from the Indian Institute of Management Ahmedabad (IIMA), a premier global management institute, and Rs. 1,99,801 crore (US$ 23 billion) JSW Group, India’s leading business conglomerate, today inaugurated the JSW School of Public Policy’s (JSW SPP) building, a state-of-the-art multi-facility center at IIMA’s New Campus. JSW Steel is aiming to nearly double its capacity to 50 million tonnes in the next three years, Chairman Mr. Sajjan Jindal said in July 2023. India's JSW Steel Ltd said that its unit, JSW Steel USA, plans to invest Rs. 1,259.62 crore (US$ 145 million) in new projects to upgrade its manufacturing operations in Ohio. JSW Steel Bags Multiple Awards For Environmental Management. JSW Steel lays foundation stone of steel plant in Kashmir. JSW Steel arm enters into deal to buy 31 pc stake in startup Ayena. Chief Minister Jagan lays foundation stone for Rs 8,800 crore (US$ 1 billion) JSW steel plant in Andhra Pradesh. JSW Steel joins ResponsibleSteel. |
| 2022 |
JSW Steel invested Rs. 11,293 crore (US$ 1.3 billion) to cut carbon emissions. JSW Steel signs a pact with Smartex to promote decarbonisation of steel sector. JSW Steel ropes in Boston Consulting Group to work on decarbonization goals. In April 2022, JSW Steel JSW Group has expressed interest to develop a 900 MW pumped storage hydel power project and a state-of-the-art rolling shop for steel in West Bengal. |
| 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 the paints business, eyeing Rs. 2,000 crore (US$ 290.3 million) revenue by FY22. |
| 2018 |
Reported highest ever quarterly crude steel production. 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. |
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