JSW Steel Limited is the most reputed and famous organization which manufactures steel and the products that are made from steel. The organization is acquiring a rich history regarding their products and their customers. The journey of this organization has been an inspiration for most of the companies that provide steel products to their customers. The company has a capacity of manufacturing 18 million tons of steel per year currently.
JSW Steel Limited manufactures many products such as the galvalume products, alloy steel, and TMT bars as well as the wire rods and many more. The organization is enjoying the recognition of being the first choice for construction companies. The products are mainly presented before the customers through some brands of JSW like JSW Pragati, JSW Trusteel, Neo Steel and many more. JSW Steel Limited was established as Jindal Vijayanagar Steel Limited in the year of 1994 in Mumbai. The company is a part of O.P Jindal Group.
About Company Information:
In 1994, JSW Steel Limited started the businesses with the name of Jindal Vijayanagar Steel Ltd. and offered their customers steel products, TMT bars and other equipment, used in construction purposes. The technical advancement of the organization was put forward as a collaboration took place between the company and the VAI. The organization had gone for a joint venture named Jindal Tractebel Power Company Ltd and Praxair Oxygen Company.
In 1995 was a very successful year for JSW Steel Limited.
The joint venture with Praxair Oxygen Company worked quite well, and their collaborative business functions made the cryogenic air plant the largest of the world. The joint venture manufactured and sold oxygen, nitrogen, argon all over the world as well as at their steel plant in the Bellary of Karnataka.
In 1997, JSW Steel Limited has collaborated with the one of the famous mineral companies of Mysore, namely Mysore Minerals, situated in Karnataka, undertaken by the state government of Karnataka. The collaboration formed Jindal Mysore Minerals Mining Company Pvt Ltd, which increased its productivity by developing a constructed administration along with enhancing its resources a lot.
In 1999, JSW Steel Limited has entered into a contract with the SAIL which is a government association of India. As per the contract, the organization started to procure slabs. They also improved their performance graph to have a much more productive approach towards different organizational works regarding this new business operation. The organization company acquired 60% of stakes of Chemicon, which is situated in the same city. The organization also made collaboration with a glass company named Saint-Gobain India for installing a plant of air separation and started to provide the hydrogen and nitrogen in Chennai.
In 2000 completely integrated resource planning strategy was implemented by the company for the first time in India. A Memorandum of Understanding took place between the company and the miners of the firm’s captive mines in Karnataka’s Bellary Hospet Region regarding the supply of iron ore for its pelletization plant.
A merger between JSW Power Limited, Euro Ikon Iron & Steel and Euro Coke & Energy Private Limited took place in 2005. In June of 2005, the name of the company was changed to JSW Steel Limited. An agreement of developing a steel plant with a capacity of 10 MTPA at West Bengal was signed between the company and the Government of West Bengal, West Bengal Mineral Development and Trading Corporation Limited and West Bengal Industrial Development Corporation Limited.
In 2017, JSW Steel Limited has launched its new steel plant in Odisha, emphasizing on Odisha’s enormous natural resources and the availability of massive labour-power at a low cost. This steel plant had ensured the growth and development of the organization. In the same year, JSW Everglow had increased its brand value as it provided an innovative and beautiful roof and wall solution. In recent times the organization has recorded as the topmost crude steel manufacturer company of India.
How JSW Steel Ltd, is categorized as Iron and Steel Sector and Steel Industry:
The Iron and steel sector is a section that includes companies that are in the steel manufacturing industries. There are quite a huge number of steel manufacturers by producing steel in large quantities.
JSW Steel Ltd, is categorized as Iron and Steel Sector and Steel Industry. India is the world’s second-largest steel producer. The rapid growth in the Indian steel sector has been encouraged by the domestic availability of raw materials which includes iron ore and cost-effective labour. The steel sector has been a significant contributor to India’s manufacturing output. The Indian steel industry is contemporary with state-of-the-art steel mills. The industry has always strived for continuous up-gradation and modernisation of older steel plants and higher energy efficiency levels.
JSW Steel Ltd, Competitors and Sector Peers:
Aanchal Ispat Ltd. AANISP
Adhunik Industries Ltd. ADHUIN
Aryavan Enterprise Ltd. DEEALL
Balaji Industrial Corporation Ltd. BALIND
Beekay Steel Industries Ltd. BEESTE
Bhuwalka Steel Industries Ltd. BHUWAS
Eastcoast Steel Ltd. EASSTE
Ensa Steel Industries Ltd. ENSSTE
Essar Steel India Ltd. ESSARS
Gallantt Ispat Ltd. GALISP
Hariyana Metals Ltd. HARMET
Lloyds Steels Industries Ltd. LLOYST
Malvika Steel Ltd. MALVST
Manaksia Steels Ltd. MANAST
Marmagoa Steel Ltd. MARMST
Midfield Industries Ltd. MIDFIN
OCL Iron & Steel Ltd. OCLIRO
Pittsburgh Iron & Steels Ltd. PITIRO
Prakash Industries Ltd. PRAKIN
Ranjeev Alloys Ltd. RANALL
Shree Precoated Steels Ltd. SHREPR
Steel Authority of India (SAIL) Ltd. STEAUT
Steel Exchange India Ltd. STEEEX
Supershakti Metaliks Ltd. SUPERM
Supremex Shine Steels Ltd. ICVSTE
Technocraft Industries (India) Ltd. TECIND
Techtrek India Ltd. NIRMET
Western Ministil Ltd. WESMIN
JSW Steel Q2 results: Consolidated PAT soars 4.5x YoY, trounces Street’s estimateThe Economic TimesNewsBotOct 13 1:36 AM
Worldsteel appoints JSW's Sajjan Jindal as the new ChairmanThe Economic TimesNewsBotSep 21 11:36 AM
Evergrande a clear & present danger for metals, chemicalsThe Economic TimesNewsBotSep 16 4:56 AM
JSW Steel raises $1 bn through bonds issuance in overseas marketThe Economic TimesNewsBotSep 15 4:11 AM
JSW Steel obtains five-times higher bids for $1 bn offshore bond salesThe Economic TimesNewsBotSep 15 11:16 AM
JSW Steel to create digitally connected smart steel factories in India by FY25The Economic TimesNewsBotSep 10 2:31 AM
Florintree, Ritesh Agarwal invests Rs 50 crore in Freight TigerThe Economic TimesNewsBotSep 6 12:36 PM
JSW Steel plans to raise $1 billion via overseas bondsThe Economic TimesNewsBotAug 27 1:16 AM
Online debt arranging platform CredAvenue to double headcount by March 2022The Economic TimesNewsBotAug 24 4:51 AM
Buy JSW Steel, target price Rs 850: ICICI DirectThe Economic Times