JSW Ispat Steel Ltd (JISL) (, ) was set up as Nippon Denro Ispat Limited in May 1984 by founding chairman M. L. Mittal. The company has operations in iron, steel, mining, energy and infrastructure. It is listed on the Bombay Stock Exchange and

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

. Ispat Industries was ranked 5th among major next to

Tata steel Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata ...

and

JSW steel 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 secto ...

companies in

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 so ...

for the year 2008 by Business World. It is headquartered in

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- ...

and employs about 3,000 people.

History

Nippon Denro Ispat Limited was incorporated in 1984 and was granted the first Industrial License by the

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...

for manufacturing Galvanised Plain/Corrugated Sheets. IIL was set up as a cold rolling reversing mill, in collaboration with

Hitachi Ltd. () is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan ''zaibatsu'' and later DKB Group and Fuyo Gr ...

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...

, to manufacture a wide range of cold rolled carbon steel strips. In 1988 it installed a colour coating line and was granted Industrial License for Cold Rolled Sheets. In 1994 Business interests within the Group were demarcated. The eldest son, Mr. L N Mittal continued managing the international operations while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focused on steel and other businesses in

. In 1994, it commissioned the world's largest gas-based single mega module plant for manufacturing direct reduced iron (sponge iron), at its

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 te ...

-based Dolvi plant. In 1995 hot strip mill with Continuous Strip Processing (CSP) technology was installed at Dolvi. In 1998, integrated steel plant for the production of hot rolled coils was launched, using technologies such as the Conarc Process for steel making and the Compact Strip Process. Year 2000 saw the erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex. Sponge iron capacity was increased from 1.2 MTPA to 1.4 MTPA in the year 2003. Year 2004 saw the increase in capacity of Hot rolled coil from 1.5 MTPA to 2.4 MTPA and Sponge iron from 1.4 MTPA to 1.6 MTPA.

Company

JSW Ispat Steel has two integrated steel plants, located at Dolvi and Kalmeshwar in the state of

. The Dolvi complex houses the 30

lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For ex ...

tonne per annum hot rolled coils plant, which combines the latest technologies – the Conarc process for steel making and the compact strip process (CSP) – introduced in Asia.

Major units

Integrated Steel Plant at Dolvi, Maharashtra

The Dolvi complex has a captive port located close to it on the Amba River, which opens into the Arabian Sea. This port can handle barges and mini-bulk carriers up to 4,000 Dead Weight Tonnage (DWT). Moreover, a jetty adjoining the complex is capable of handling cargo of up to 1

crore A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...

(10 million) tonnes per annum. *Manufacturing Facilities: ** DRI – Sponge Iron Plant **

Blast Furnace A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally pig iron, but also others such as lead or copper. ''Blast'' refers to the combustion air being "forced" or supplied above atmospheric ...

** Compact Strip Production

Integrated Steel Plant at Kalmeshwar,
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 te ...

The integrated steel plant at Kalmeshwar uses the latest steel manufacturing technology to produce galvanised sheets and products, apart from cold rolled coils. The Kalmeshwar complex houses a total of three advanced plants – a 3.25 lakh tonnes Galvanised Plain/Galvanised Corrugated plant, a 3.3 lakh tonne Cold Rolled Coils plant and a 60,000 tonne Colour Coated Sheets plant. *Manufacturing Facilities **

Cold rolling In metalworking, rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness, to make the thickness uniform, and/or to impart a desired mechanical property. The concept is simil ...

mill **

Galvanising Galvanization or galvanizing ( also spelled galvanisation or galvanising) is the process of applying a protective zinc coating to steel or iron, to prevent rusting. The most common method is hot-dip galvanizing, in which the parts are submerg ...

line ** Colour coating line

Takeover by JSW Steel

On 21 December 2010 it was declared that

JSW Steel 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 secto ...

will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as

's largest private producer of the steel with an annual capacity of 1.43 crore (14.3 million) tonnes. In June 2012, the complete merger of JSW Steel and JSW Ispat steel has been completed.

References

External links

Ispat Industries Ltd. corporate website
{{JSW Group Steel companies of India Companies established in 1984 Companies based in Maharashtra JSW Group 1984 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange