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The Info List - Jindal Steel And Power


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₹200.7 billion (US$3.1 billion) (2014)[2]

Net income

₹18.94 billion (US$290 million) (2014)[2]

Total assets ₹740.72 billion (US$11 billion) (2014)[2]

Total equity ₹225.19 billion (US$3.4 billion) (2014)[2]

Number of employees

14,221 (2013)

Parent Jindal Group

Website www.jindalsteelpower.com

Jindal Steel
Steel
and Power Limited (JSPL) is an Indian steel and energy company based on New Delhi, India.[3] With turnover of approx. US$ 3.3 billion,[3] JSPL is a part of about US$18 billion diversified Jindal Group conglomerate. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and power through backward integration from its own captive coal and iron-ore mines. In terms of tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates and coils and coal-based sponge iron plant.

Contents

1 History 2 Operations 3 Listings and shareholding 4 Initiatives 5 Controversies 6 References 7 External links

History[edit] In 1969, O. P. Jindal (1930–2005) started Pipe Unit Jindal India Limited at Hisar, India.[4] After Jindal's death in 2005, much of his assets were transferred to his wife, Savitri Jindal. Jindal Group's management was then split among his four sons with Naveen Jindal
Naveen Jindal
as the Chairman
Chairman
of Jindal Steel
Steel
and Power Limited. His elder brother, Sajjan Jindal
Sajjan Jindal
is the head of JSW Group, part of O.P. Jindal Group. Operations[edit] JSPL has 6 major subsidiaries:

Jindal Power Limited which operates Jindal Tamnar Thermal Power Plant a 1000 MW (4x250 MW) coal-based thermal power plant in Raigarh district in state of Chhattisgarh. This plant is fully functional. Jindal Shadeed Iron
Iron
and Steel, Oman Jindal Steel
Steel
Bolivia Jindal Steel
Steel
and Power Mauritius Jindal Africa Investments Skyhigh Overseas

Listings and shareholding[edit] The equity shares of JSPL are listed on the Bombay Stock Exchange,[5] where it is a constituent of the BSE SENSEX
BSE SENSEX
index,[6] and the National Stock Exchange of India,[7] where it is a constituent of the S&P CNX Nifty.[8] Shareholding: On 31 March 2014, the promoter group Jindal Group held 60% of its equity shares. 23% of the shares were owned by the Foreign Institutional Investors (FII). Around 100,000 individual public shareholders own approx. 8% of its shares. The remaining 9% shares are owned by others.[2][9]

Shareholders (as on 31-March-2014) Shareholding[2][9]

Promoter Group (Jindal Family) 60.41%

Foreign Institutional Investors (FII)/NRI/OCB/Trusts/Foreign national 23.18%

Public 07.81%

Financial Institutions/Banks/Mutual Funds/UTI/Insurance companies/Central Government 04.13%

Bodies Corporate 04.47%

Total 100.0%

Initiatives[edit] Jindal Panther TMT Rebars JSPL has forayed into construction retail industry with the launch of Jindal Panther TMT Rebars for the housing segment. These rebars are manufactured in 1.0 MTPA capacity TMT Rebar mill at Patratu, Jharkhand, supplied by Siemens of USA.[10] Jindal Institute of Power Technology (JIPT) JIPT was established to develop a pool of technically trained power plant professionals for power utilities of India
India
and abroad. The course authorizes the pass outs to operate or undertake maintenance of any part or whole of a generating stations of capacity 100 MW & above together with the associated sub stations. It is recognized by Central Electricity Authority (CEA), Ministry of Power as Category-l Institute. It is promoted by Jindal Education & Welfare Society, which is supported by Jindal Power Limited. The Institute possesses a simulator of 250 MW/600 MW generating units. JIPT is located in the 4X250, 4X600 MW Jindal Tamnar Thermal Power Plant in Tamnar, Raigarh, Chhattisgarh. Controversies[edit] Involvement in coalgate scam Congress MP Naveen Jindal's Jindal Steel
Steel
and Power got a coal field in February 2009 with reserves of 1500 million metric tonnes while the government-run Navratna Coal India
India
Ltd was refused.[11] On 27 February 2009, two private companies got huge coal blocks. Both the blocks were in Orissa, one of 300 metric mega tonnes and one of 1500 metric mega tonnes. Combined worth of these blocks is well over INR 2,000 billions. These blocks were meant for the liquification of coal. One of these blocks was awarded to JSPL. Naveen Jindal's Jindal Steel
Steel
and Power was allotted the Talcher coal field in Angul, Orissa in 2009, after the cut-off date by the Central Government on allocation of coal blocks.[12] The Opposition parties alleged that the Government violated all norms to grant the coal fields. Naveen Jindal, however, denied any wrongdoing.[12] On 15 September 2012, an Inter Ministerial Group (IMG) headed by Zohra Chatterji (Additional Secretary in Coal Ministry) recommended cancellation of a block allotted to JSW (Jindal Steel
Steel
Works), a Jindal Group company. Iron
Iron
ore reserve mining in Bolivia On 3 June 2006, Bolivia
Bolivia
granted development rights for one of the world's largest iron ore reserves in the El Mutún region to Jindal Steel. With an initial investment of US$1.5 billion, the company plans to invest an additional US$2.1 billion over the next eight years in the South American country.[13] Jindal Steel
Steel
is likely to terminate the contract of investing $2.1 billion in setting up a steel plant in Bolivia, due to non-fulfilment of contractual obligations by the Bolivian government.[14] Coal mining in Mozambique In the coal-rich Tete province of Mozambique, local communities were displaced and resettled due to coal operations owned by Jindal Power and Steel, Vale, and Rio Tinto, and have faced significant and sustained disruptions in their ability to access water and to produce or buy food.[15] In some cases there was violent police repression of displaced people who demanded their rights.[16] References[edit]

^ http://www.jindalsteelpower.com/contact/network-address.aspx ^ a b c d e f g "Annual Report 2013-14" (PDF). Jindal Steel
Steel
and Power. Retrieved September 2014.  Check date values in: access-date= (help) ^ a b "Jindal Steel
Steel
& Power on the Forbes Global 2000 List". Forbes. 31 May 2013. Retrieved 1 December 2013.  ^ "Archived copy". Archived from the original on 19 December 2010. Retrieved 6 January 2011.  ^ "Jindal Steel
Steel
and Power Limited". BSEindia.com. Retrieved 2 December 2013.  ^ "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 2 December 2013.  ^ "Jindal Steel
Steel
and Power Limited". NSE India. Retrieved 2 December 2013.  ^ "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 2 December 2013.  ^ a b "Shareholding pattern". BSE India. 30 September 2013. Retrieved 2 December 2013.  ^ "JSPL launches 'Jindal Panther' TMT Rebars". 8 August 2013.  ^ "Coalgate: Norm violated by government to favour Naveen Jindal". IBN Live. 6 September 2012. Retrieved 1 December 2013.  ^ a b "Congress MP Naveen Jindal
Naveen Jindal
blames government for coalgate". IBN Live. 7 September 2012. Retrieved 1 December 2013.  ^ "India's Bolivian ore". The Australian. 3 December 2007.  ^ "Jindal Steel
Steel
to exit from $2-b mining contract with Bolivia". 9 June 2012.  ^ Human Rights Watch, https://www.hrw.org/node/115534/section/3 ^ New York Times, https://www.youtube.com/watch?v=bay_2jhLK5E

External links[edit]

Official website

v t e

Steel
Steel
industry of India

Companies

Steel

Bhushan Steel Bramhani Industries Essar Steel Goel TMT Ispat Industries Ltd Jai Balaji group JSW Steel
Steel
Ltd Jindal Steel
Steel
and Power Mahindra Ugine Steel Mukand Ltd POSCO India Prakash Industries Rashtriya Ispat Nigam Steel
Steel
Authority of India
India
Limited Tata Steel Uttam Galva Steels VISA Steel

Allied industries

Bharat Refractories Limited Ferro Alloys Corporation NSPCL Tayo Rolls Tube Products of India Welspun Corp Ltd Welspun Maxsteel Ltd

Plants

Integrated

Bhilai Steel
Steel
Plant Bokaro Steel
Steel
Plant Durgapur Steel
Steel
Plant ESSAR Steel
Steel
India
India
Ltd Plants IISCO Steel
Steel
Plant Rourkela Steel
Steel
Plant Visakhapatnam Steel
Steel
Plant

Alloy/Mini

Visvesvaraya Iron
Iron
and Steel
Steel
Plant kalyani steels

Under construction

Nagarnar Steel
Steel
Plant

Related topics

Coalfields of India Power Stations of India Automotive companies of India

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