Press background on Jindal Steel and Power Limited
Company profile
JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors. Part of the US $ 18 billion OP Jindal Group this young, agile and responsive company is constantly expanding its capabilities to fuel its fairy tale journey that has seen it grow to a US $ 3.3 billion business conglomerate.
Led by Mr Naveen Jindal, the youngest son of the legendary Shri O.P. Jindal, the company produces economical and efficient steel and power through backward and forward integration.
From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to markets across the steel value chain. The company produces the world's longest (121-meter) rails and it is the first in the country to manufacture large-size parallel flange beams.
JSPL operates the largest coal-based sponge iron plant in the world and has an installed capacity of 3 MTPA (million tonnes per annum) of steel at Raigarh in Chhattisgarh. Also, it has set up a 0.6 MTPA wire rod mill and a 1 MTPA capacity bar mill at Patratu, Jharkhand, a medium and light structural mill at Raigarh, Chhattisgarh and a 2.5 MTPA steel melting shop and a plate mill to produce up to 5.00-meter-wide plates at Angul, Odisha.
An enterprising spirit and the ability to discern future trends have been the driving force behind the company's remarkable growth story. The organisation is wedded to ideals like innovation and technological leadership and is backed by a highly driven and dedicated workforce of 15000 people.
JSPL has been rated as the second highest value creator in the world by the Boston Consulting Group, the 11th fastest growing company in India by Business World and has figured in the Forbes Asia list of Fab 50 companies. It has also been named among the Best Blue Chip companies and rated as the Highest Wealth Creator by the Dalal Street Journal. Dun & Bradstreet has ranked it 4th in its list of companies that generated the highest total income in the iron and steel sector.
Jindal Steel & Power Ltd. (JSPL) has been conferred with GreenTech CSR India 2020 Award for it's for outstanding achievements in promoting healthcare under its CSR programmes. The Award was received by Chairperson of JSPL Foundation Ms. Shallu Jindal during the 7th CSR India Summit &am... (more)
Oct 07, 2020 11:35 IST
Jindal Steel and Power Limited
Jindal Steel and Power Limited (JSPL) today closed the Qualified Institutions Placement (QIP) issue launched three days ago on March 20th 2018. The company will raise Rs. 1,200 crore through the QIP. The board of JSPL approved the issuance of shares at Rs. 233 per share, which was Rs. 5.85 above th... (more)
Mar 23, 2018 17:47 IST
Jindal Steel and Power Limited
