Jindal Steel and Power Limited (JSPL) is one of India’s major steel manufacturers with a presence in many other sectors like Mining, Power Generation and Infrastructure. JSPL is consistently building new opportunities by increasing its production capacity, diversifying investments and moving in to new business ventures. They produce economical and efficient steel and power through backward and forward integration. JSPL’s product range covers all the need of steel market in the country, including both flat and long steel products.
JSPL is consistently looking forward for the growth of India, along with this it has also started to set up itself globally and planning of expansion to become one of the most prestigious and dynamic business group of the world.
JSPL has acquired Shadeed Iron and Steel LLC (Shadeed) in Oman with the help of its 100% subsidiary Jindal Steel and Power Ltd. Mauritius (JSPLM) in Mauritius in December 2010. Now for further expansion they are planning to set up a plant with 2 MT pa capacities in Oman, which according to them would be the largest steel plant in gulf region.
“In Oman, we are commissioning the steel melting shop in October. We have also placed orders for bar and rod mills. Steel melting shop will produce billets and next logical step is to make bar and rods, long products,” said, Jindal Steel and Power (JSPL) Managing Director and CEO Ravi Uppal. According to him FY 14 and FY 15 are going to be a historic moment for JSPL and will bring a growth and development in its steel industry. He expects the steel production capacity which is at present 3.5 MnT p.a. to grow up to 7.5 MnT p.a. and its power generation capacity to increase up to 5,000 Mw which is 2.500 MW at present.
He further said that the steel mills of capacity 2 MnT p.a. each at Angul, Odisha and in Oman will commence by October-November 2013. Also the other four units of JSPL’s upcoming 2,400 MW plants located in Tamnar, Chhattisgarh will commence by March 2014. However, FY 15 will be used for the settlement of the plants.
The company is investing around Rs 2,000 crore on up gradation and modernization of its existing 3 MnT p.a. capacity plant in Raigarh, Chhattisgarh which will finish by next fiscal year.
JSPL has its business ventures in four different industries majorly steel and cement, power, mines and minerals and global ventures which are looking forward for growth and expansion with the passing time.