Jindal Steel & Power Ltd

Summary

Jindal Steel and Power Ltd (JSPL) is one of Indias major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure. JSPL is a part of the US $ 18 billion diversified O. P. Jindal Group and is consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses. The company produces economical and efficient steel and power through backward integration from its captive coal and iron-ore mines. From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to varied needs in the steel market. The company also has the distinction of producing the worlds longest 121 metre rails and introducing large size parallel flange beams in India. The companys segments include iron and steel; power, and others. The companys manufacturing plants are located at Raigarh in Chhattisgarh, Angul in Orissa and Patratu in Jharkhand. Its machinery division is located in Raipur. Jindal Steel and Power Ltd was incorporated in September 28th, 1979. In the year 1995, the company forayed into power sector and started a company namely, Jindal Power Ltd to engage the power sector. In May 1998, the Steel Melting Shop of the company was shut down due to the explosion. In the year 1999, as per the scheme of arrangement, the Raigarh and Raipur Divisions of Jindal Strips Ltd were hived off the company. In October 2009,... Read More