Jindal Steel and Power Limited
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Jindal Steel and Power Limited is the most valuable private steel producer in India, With an annual turnover of over US $2.1 billion (Rs. 10,000 crore), Jindal Steel & Power Limited (JSPL) forms a part of the US $12 billion (over Rs. 60,000 crore) Jindal Group. JSPL is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
However, in terms tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates & coils and coal based sponge iron plant. The company is also involved in power generation.
Jindal Steel and Power is a part of the Jindal Group, founded by O. P. Jindal (1930-2005). In 1969, he started Pipe Unit Jindal India Limited, one of the earlier incarnations of his business empire.
On June 3, 2006, Bolivia granted development rights for one of the world’s largest iron ore reserves in the El Mutún region to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next eight years in the South American country.
Expansion Plans:
Raigarh
2 MTPA cement plant. Additional power generation of 540 MW. Medium structural mill. Pipe conveyor from mines to plant. Mini blast furnace up-gradation Fabrication unit in the industrial estate.
An MOU has been signed between JSPL and the Government of Chhattisgarh for setting up an additional 7.0 MTPA steel plant in phases and a 1600 MW power plant with an investment of over US $ 5.20 billion (Rs. 26,000 crore).
Jharkhand
An 11 million ton integrated steel plant and 2600 MW captive power plant in phases, with a total investment of US $ 6.00 billion, (Rs. 30,000 crore).
Orissa
A 12.5 million ton integrated steel plant and 2600 MW captive power plant in phases, with a total investment of US $ 8.00 billion (Rs. 40,000 crore). The first phase of 3 million ton is expected to be commissioned by 2011.
Coal to Liquid Petroleum Project
Jindal Steel & Power has been allotted the Ramchandi Promotional Coal Block in Orissa for the proposed Coal to Liquid (CTL) project by the Union Coal Ministry, Government of India. The project cost estimated to be around US $ 8.4 billion (Rs. 42,000 crore) includes CTL plant, coal mining and power plant. The project to be located in Tehsil Kishore Nagar, Dist. Angul, Orissa will produce 80,000 barrels per day (4.0 MMTPA) crude using environment friendly Indirect Coal Liquification Technology developed by M/S Lurgi of Germany for the first time in India. The prestigious CTL project is yet another feather in JSPL’s cap.
Jindal Petroleum Limited
As part of its diversification process, JSPL has recently forayed into the oil and gas sector, operating under the banner of Jindal Petroleum Limited. The company has acquired 7 Oil & Gas blocks in different parts of the world, including 5 in Georgia, 1 in Bolivia and 1 in India. Recently a delegation from the company went to Georgia to sign contracts with the Government of Georgia for the exploration and production of the blocks, signifying the importance the company is giving to its petroleum business. The company has so far committed an investment of US $ 200 million (Rs. 1000 crore) and is working on several other projects in the sector.
Bolivia
JSPL plans to invest US $ 2.1 billion (Rs. 10,500 crore) in Bolivia, South America, in the coming years for mining and setting up of an integrated 1.7 MT steel plant, 450 MW power plant, 6 MT sponge iron and 10 MT iron ore pellet plant.
Rewards and Recognitions:
Certifications
- Quality Management System – ISO 9001:2008
- Environmental Management System – ISO 14001:2004
- Occupational Health & Safety Management System
Environment Management Awards
- Golden Peacock Environment Management Award – 2008
- Greentech Environment Excellence Award – 2008
- Greentech Environment Excellence Award – 2007
- Srishti Green Cube Award for Good Green Governance – 2007
- Golden peacock Eco-innovation Award – 2007.
- Srishti Green Cube Environment Excellence Award – 2006
- Greentech Environmental Excellence Award – 2006
- Golden Peacock Environment Management Award – 2003
- Greentech Environment Excellence Award – 2003
- Third prize in the private sector-manufacturing segment, by the Institute of Cost & Works Accountant of India (ICWAI)
Energy Conservation Awards
- National Energy Conservation Award – 2008
- National Energy Conservation Award – 2007
- National Energy Conservation Award – 2005
- National Energy Conservation Award – 2004
- National Energy Conservation Award – 2003
- National Energy Conservation Award – 2002
- CII (ER) Fuel Conservation Award – 2002
- National Energy Conservation Award – 2001
Performance Awards
- JSPL ranked 36th among India’s 100 Most Profitable Companies by Business & Economy Magazine, September 2009
- 2nd most investor friendly company, Business Today – 2008
- Golden Peacock National Quality Award – 2008
- One of the ten fastest growing large size companies (Dalal Street Journal – 2006)
- One of the ten most investor friendly companies (Dalal Street Journal–2006-2007)
- Rated Amongst the Top 20 Investor Friendly Companies by Business Today
- National Award for Excellence for Cost Management – 2005
- As the top 20-investor friendly companies in the Year 2004 by Business Today
- IIM Quality Award for 2003 by the Indian Institute of Metals, instituted by the Bureau of India Standards
- Golden Peacock National Quality Award – 2002
- CII (ER) Quality Award – 2002
- I.I.M. Quality Award – 2001
- JSPL was nominated as one of the Emerging Companies of the Year 2001 by The Economic Times
- Rajiv Gandhi National Quality Commendation Certificate – 2001
Safety Awards
- National Safety Award (Mines) 2006, by the Ministry of Labour
- National Safety Award (Mines) 2005, by the Ministry of Labour
- National Safety Award (Mines) 2004, by the Ministry of Labour
- National Safety Award for the year 2003, by the Ministry of Labour
- Greentech Safety Award – 2003
- Second prize in the National Safety Award 1998 for longest accident-free period by the Ministry of Labour
HR Awards
- SAIL-HR Award for excellence in Human Resource Management 2009
- JSPL among Top-20 “Best Companies To Work For” by Business Today – 2009
- CII Chhattisgarh HR Excellence Award – 2004
- Asia Pacific HR Excellence Award – 2003
Corporate Social Responsibility Awards
- JSPL bags Think Odisha Leadership Award in Corporate Social Responsibility 2008
- Golden Peacock CSR Award 2006
Sports Promotion Awards
- FICCI annual award 2006 for corporate initiatives in sports
Registered Office:
OP Jindal Road
Hisar 125 005
Haryana.
INDIA
Tel: +91-1662-222471 – 84
Fax: +91-1662-220476
Corporate Office:
Jindal Centre
12 Bhikaiji Cama Place
New Delhi 110 066.
INDIA
Tel: +91-11-26188340 – 50
Fax: +91-11-26161271
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