Welspun Maxsteel Ltd
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Welspun Maxsteel Ltd
Welspun Maxsteel Ltd. is an Indian steel company. It is located near Salav village in Murud taluka. History Welspun Maxsteel Ltd. was formed on 22 May 2009 after Welspun Steel Ltd. completed the acquisition of Vikram Ispat, the sponge iron division business of Grasim Industries Ltd. Now part of the US$3 billion Welspun Group, the facility was set up in 1989 with design capacity of 0.75 million tons of Sponge Iron in the form of hot briquetted iron and an initial investment of Rs. 525 crore. In August 2014, JSW Steel Ltd acquired Welspun Maxsteel Ltd in a deal valued at around 1,000 crores. Steel facility Spread across 435 acres of land with a captive Port, the facility is located in the scenic beaches of Salav village in Raigad district of Maharashtra. The facility today boasts of being the only natural gas-based DRI plant for merchant sale in India with a turnover of Rs. 1302 crore (FY2009-10). The Company currently has a work force of more than 550 employees and has ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities i ...
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Lower Parel
Lower Parel (Pronunciation: Help:IPA/Marathi, [pəɾəɭ], Help:IPA/Hindi and Urdu, [pəɾeːl]; station code: PL) railway station is a railway station on the Western Line of the Mumbai Suburban Railway, India. The next station south is Mahalaxmi railway station; the next station north is Prabhadevi railway station, Prabhadevi. Lower Parel railway station has three platforms. From platform no.1, slow local trains go towards Dadar-Bandra-Andheri-Borivali -Virar, from platform no.2, slow local trains go towards Mumbai Central-Churchgate, and Platform No.3 is kept as a reserve that can be used in emergency and during mega-block on Sundays. As Lower Parel has become a corporate hub, thousands of people use the railway station daily, which makes the Lower Parel railway station one of the most crowded local railway stations of Mumbai. It will have a connection to phase II of the Mumbai Monorail, due to open in 2015. The Delisle Bridge, which connects to Lower Parel, was shut to t ...
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Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union territories of India by population, second-most populous state in India and the second-most populous country subdivision globally. It was formed on 1 May 1960 by splitting the bilingual Bombay State, which had existed since 1956, into majority Marathi language, Marathi-speaking Maharashtra and Gujarati language, Gujarati-speaking Gujarat. Maharashtra is home to the Marathi people, the predominant ethno-linguistic group, who speak the Marathi language, Marathi language, the official language of the state. The state is divided into 6 Divisions of Maharashtra, divisions and 36 List of districts of Maharashtra, districts, with the state capital being Mumbai, the List of million-plus urban agglomerations in India, most populous urban area in India ...
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India
India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Then, int ...
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B K Goenka
Balkrishan Gopiram Goenka (born 15 August 1966) is among India's most dynamic business leaders and an Indian businessman based in Mumbai, Maharashtra, India. He is the Chairman of the US$2.3 billion Welspun Group. A global conglomerate with operations in more than 50 countries. He is the co-founder and largest shareholder of companies such as Welspun India Ltd, the world's largest manufacturer of terry towels, and Welspun Corp Ltd, the world's second-largest producer of large-diameter pipes. As Associated Chambers of Commerce and Industry of India (ASSOCHAM) President (2018-2019), Goenka contributed significantly to shaping India's Trade, Commerce, and Industrial environment. According to Forbes, Goenka's net worth is estimated at $1.3 billion as of 29 December 2022. Goenka ranked 83rd on 2015's Forbes India Rich List. Early life Balkrishan Goenka (known more as BK or BKG) was born on 15 August 1966 in Hisar, Haryana, the son of Gopi Ram Goenka and his wife, Gayatri Devi ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ...
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Welspun Group
Welspun Group is an Indian multinational conglomerate, , headquartered in Mumbai. It has diverse businesses in line pipes, textiles, Infrastructure, and steel. It does business with 50 countries and has a distribution network in 32 countries, including the US, Canada, the UK, and Australia. Welspun was founded in 1985 by Balkrishan Goenka and his cousin Rajesh R. Mandawewala. Welspun Group has over 26,000 employees, and a revenue of US$2.3 billion, and is India's biggest exporter of home textile products. History 1985- 1990 Welspun India Limited was founded in 1985 as Welspun Winilon Silk Mills Pvt., a Private Limited Company in Mumbai. The Company's original objective was to produce polyester filament yarns and texturized yarns. Welspun was promoted by the G.R.G. group, led by G.R. Goenka. In 1986/89, the Company established two yarn texturizing factories. One with a texturizing machine of 216 spindles at Palghar, District Thane, produced 797.5 MT of yarn per annum. ...
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Grasim Industries Ltd
Grasim Industries Limited is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group. Grasim is the world's largest producer of viscose rayon fiber with about 24% market share. Textile and related products contribute to 15% of the group's turnover. History Grasim Industries Limited was incorporated in 1947. Indo-Thai Synthetics Company Ltd was incorporated in 1969 in Thailand, started operations in 1970, this was Aditya Birla Group's first foray into international venture. Aditya Birla Group incorporated P.T. Elegant Textiles in 1973 in Indonesia. Thai Rayon incorporated in 1974, this was the second company in Thailand, operat ...
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JSW Steel Ltd
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of ISPAT Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company. History JSW Steel's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). Soon after the acquisition the group set up its first steel plant in 1982 at Vasind, near Mumbai. Later, in 1994, Jindal Vijayanagar Steel Limited (JVSL) was set up with its plant located at Toranagallu in the Bellary-Hospet area in the State of Karnataka, the heart of the iron ore belt and spread over of land. It is well connected to both the Mormugao Port and Chennai Port and is 340 kilometres from Bangalore. It is said to be the sixth largest steel plant in the world. In the year 2005, JISC ...
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