JSW Steel Limited is an Indian multinational steel producer based 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 secon ...

and is a flagship company of the

JSW Group JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group. The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the Unit ...

. 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 A steel mill or steelworks is an industrial plant for the manufacture of steel. It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-fini ...

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 Vasind is a city in Shahapur taluka of Thane district in the Indian state of Maharashtra. It is suburban city of Mumbai.Mumbai-Vasind distance is about 63.1 km. Vashind is a census town. Economy Vasind hosts various medium and large sc ...

, near Mumbai. Later, in 1994, Jindal Vijayanagar Steel Limited (JVSL) was set up with its plant located at

Toranagallu Toranagallu, or Torangal, is a village in the southern state of Karnataka, India.Village code= 928100 Toranagal, Bellary, Karnataka It is located in the Sandur taluk of Bellary district in Karnataka. Demographics India census, Toranagallu h ...

in the Bellary- Hospet area in the State of

Karnataka Karnataka (; ISO 15919, ISO: , , also known as Karunāḍu) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed on 1 November 1956, with the passage of the States Reor ...

, 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 Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

. It is said to be the sixth largest steel plant in the world. In the year 2005, JISCO and JVSL merged to form JSW Steel Limited. It also set up a plant at Salem with an annual capacity of 1 million tonnes. As of October 2022, the installed manufacturing capacity of the company is 28.5 MTPA.

Merger and acquisitions

In 2007, JSW Steel formed a joint venture for a steel plant in

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

. Any by 2020, it sold of 39 percent stake which it held in JV to Georgian Steel Group Holdings Limited. In 2009, Japan's JFE Steel Corp, entered into a strategic partnership with JSW Steel to produce automotive steel products. In 2010, JSW Steel acquired 3 MTPA Hot Rolling Plant in Dolvi, Maharashtra (formerly Ispat Industries Limited). in 2012, JSW Ispat Steel was merged with JSW Steel, 20 months after the latter acquired a controlling stake in Ispat Industries. In 2014, it acquired Welspun Maxsteel Limited in a deal valued at around INR 1,000 Crores. In 2019, JSW Steel acquired Bhushan Power & Steel. This resulted in the absorption of an integrated steel facility in Jharsuguda, with a capacity of 2.5 million tonnes annually. In April 2021, the company acquired Plate and Coil Mill Division (PCMD) of

Welspun Corp Welspun Corp Limited is the second largest manufacturer of large diameter pipes in the world based in Mumbai, Maharashtra. It is a flagship company of the $3 billion (129 billion) Welspun Group. It operates a 1.65 mtpa plant in Anjar, Gujarat, ...

for a sum of ₹848.5 cr. In October 2021, JSW Steel acquired 51% stake in Neotrex Steel from

promoters and entered into an under-construction project to manufacture Low Relaxation

Prestressed Concrete Prestressed concrete is a form of concrete used in construction. It is substantially "prestressed" ( compressed) during production, in a manner that strengthens it against tensile forces which will exist when in service. Post-tensioned concreted ...

(LRPC).

Mining acquisitions

In the past, JSW Steel has additionally acquired mining assets in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

, the Republic of Chile, and

Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi ...

Carbon footprint

JSW Steel reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 March 2020 at 40,522 Kt (-5,326 /-11.6% y-o-y). There is no evidence of a consistent declining trend as yet.

References

External links

* * Business data for JSW Steel Ltd
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{{DEFAULTSORT:Jindal South West Ltd. Steel companies of India Manufacturing companies based in Mumbai JSW Group Manufacturing companies established in 1982 Indian companies established in 1982 NIFTY 50 Recipients of the Rashtriya Khel Protsahan Puruskar 1982 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange