Industry: Steel
With an annual turnover of US $2.1 billion, Jindal Steel & Power Limited (JSPL) forms a part of the US $12 billion Jindal Group. JSPL is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company operates in sectors straddling across Asia, Africa, South America and Georgia.
Mr. Naveen Jindal, the youngest son of the legendry late Shri. O P Jindal, drives JSPL and its group companies Jindal Power Ltd, Jindal Petroleum Ltd., Jindal Cement Ltd. and Jindal Steel Bolivia with a belief in the concept of self-sufficiency. 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.
An enterprising spirit and ability to discern future trends have been the driving force behind the company’s remarkable growth. The company has scaled new heights with the combined force of innovation, adaptation of new technology and the collective skills of its 15,000 strong, committed workforce. JSPL has won several awards for its efficient operations and commitment to environment & safety.
JSPL has consistently tapped new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses. JSPL’s investment commitments in steel, power, oil & gas and mining have touched more than US $ 30 billion . The company, today, is the largest private sector investor in the state of Chhattisgarh with an investment commitment of over US$ 6.25 billion.
Jindal Steel and Power has many expansion projects including:
Orissa
A 12.5 million tonne integrated steel plant and 2600 MW captive Power Plant in phases, with an investment of over US $ 8.00 billion. The first phase of 3 million tonne is expected to be commissioned by 2011.
Jharkhand
An 11 million tonne integrated steel plant and 2600 MW captive Power Plant in phases, with an investment of over US $ 6.00 billion.
Chhattisgarh
• 7 million tonne steel plant, 2 million tonne cement plant and 1600 MW Captive Power Plant with a total investment of over US $ 5.20 billion.
• Jindal Power Limited, a subsidiary of JSPL, is expanding the capacity of its existing 1000 MW Thermal Power Plant at Tamnar by setting up a 2400 MW thermal power plant with an investment of US $ 2.40 billion.
