- Home
- Infrastructure Energy
- POWER & RENEWABLE ENERGY
- Winners - Jindal Steel And Power
Winners - Jindal Steel And Power
From the widest flat products to a whole range of long products, JSPL today offers a product portfolio catering to markets across the steel value chain. The company produces the world's longest (121 m) rails and it is the first in India to manufacture large-size parallel flange beams. What´s more, it operates the largest coal-based sponge iron plant in the world and has an installed capacity of 3 mtpa of steel at Raigarh in Chhattisgarh. Also, JSPL has set up a 0.6 mtpa wire rod mill and a 1 mtpa capacity bar mill at Patratu, Jharkhand; a medium and light structural mill at Raigarh, Chhattisgarh and a 2.5 mtpa steel melting shop and a plate mill to produce up to 5.00-m-wide plates at Angul, Odisha.
Alongside, contributing to India's growth story, the company is driving an ambitious global expansion plan with its sights set on emerging as a leading transnational business group. The company continues to capitalise on opportunities in high growth markets, expanding its core areas and diversifying into new businesses. In Oman (Middle East), it has set up a $500 million, 1.5 mtpa gas-based Hot Briquetted Iron (HBI) plant, and has now added a 2 mtpa integrated steel plant. In Africa, JSPL has large mining interests in South Africa, Mozambique, Namibia, Botswana and Mauritania and is expanding into steel, energy and cement. In Australia, the company is investing in greenfield and brownfield resource sector companies and projects to supplement its planned steel and power projects in India and abroad. In Indonesia, it has invested in the development of two greenfield exploration assets, and is exploring investment opportunities in the power and infrastructure sectors.
JSPL´s revenue decreased 5.88 per cent to Rs 14,711.38 crore during FY2016 as compared to FY2015. The company´s net profit reported de-growth of 56.94 per cent to Rs 1,023.7 crore in FY2016, as compared to the profit of Rs 2,377.22 crore in FY2015.
Jindal Steel & Power (JSPL) is an industrial powerhouse with a dominant presence in the steel, power, mining and infrastructure sectors. Part of the $18 billion OP Jindal Group, this young, agile and responsive company is constantly expanding its capabilities to fuel its journey that has seen it grow to a $3.3 billion business conglomerate. It has committed investments exceeding $30 billion in the future and has several business initiatives running simultaneously across continents. From the widest flat products to a whole range of long products, JSPL today offers a product portfolio catering to markets across the steel value chain. The company produces the world's longest (121 m) rails and it is the first in India to manufacture large-size parallel flange beams. What´s more, it operates the largest coal-based sponge iron plant in the world and has an installed capacity of 3 mtpa of steel at Raigarh in Chhattisgarh. Also, JSPL has set up a 0.6 mtpa wire rod mill and a 1 mtpa capacity bar mill at Patratu, Jharkhand; a medium and light structural mill at Raigarh, Chhattisgarh and a 2.5 mtpa steel melting shop and a plate mill to produce up to 5.00-m-wide plates at Angul, Odisha. Alongside, contributing to India's growth story, the company is driving an ambitious global expansion plan with its sights set on emerging as a leading transnational business group. The company continues to capitalise on opportunities in high growth markets, expanding its core areas and diversifying into new businesses. In Oman (Middle East), it has set up a $500 million, 1.5 mtpa gas-based Hot Briquetted Iron (HBI) plant, and has now added a 2 mtpa integrated steel plant. In Africa, JSPL has large mining interests in South Africa, Mozambique, Namibia, Botswana and Mauritania and is expanding into steel, energy and cement. In Australia, the company is investing in greenfield and brownfield resource sector companies and projects to supplement its planned steel and power projects in India and abroad. In Indonesia, it has invested in the development of two greenfield exploration assets, and is exploring investment opportunities in the power and infrastructure sectors. JSPL´s revenue decreased 5.88 per cent to Rs 14,711.38 crore during FY2016 as compared to FY2015. The company´s net profit reported de-growth of 56.94 per cent to Rs 1,023.7 crore in FY2016, as compared to the profit of Rs 2,377.22 crore in FY2015.