Winners - JSW Steel

15 Dec 2014 CW Team

JSW Steel is a $9 billion global conglomerate spread across six locations in India. Its footprint extends to the US, South America and Africa. The company is also India´s leading private sector steel producer and among the world´s most illustrious steel companies. The flagship company of the $11 billion JSW Group, JSW Steel is testament to decades of experience and a dynamic culture that have culminated in the company becoming the leading provider of specialised steels in India. The company has partnerships with global sector leaders such as JFE Steel, Marubeni Itochu Steel, Praxair and Severfield Rowen Plc.

Nearly one-fifth of the company´s products are exported and it is India´s largest exporter of coated products with a presence in over 100 countries. JSW Steel´s manufacturing plants - located in Karnataka, Tamil Nadu and Maharashtra - have a combined installed capacity of 14.3 mtpa.

JSW Steel has reported a net profit of Rs 656 crore for the first quarter of FY15 ended June 30, 2014. In the year-ago period, it reported a loss of Rs 381.82 crore. With the objective of touching 40 million tonne in the next decade, it is planning to expand its capacities at its existing sites and is setting up plants in new locations. On the anvil are two 10 million tonne greenfield facilities in West Bengal and Jharkhand.

The company also has plans to raise iron ore imports to 10 million tonne this fiscal and could boost it further if a domestic shortage continues and international prices stay low. It also has plans to foray into the European market exploring the option of acquiring other steel assets there. Further, the steel player has applied for CCI´s approval to acquire Welspun Maxsteel for Rs 1,000 crore. Its sales in 2013-14 increased by an impressive 32 per cent to Rs 50,408.9 crore while its net profit rose significantly by 50.52 per cent to Rs 3,922.8 crore from 2,606.1 crore in the previous year.

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