Inorganic Growth To Steel Its Numero UNO Position
Dalal Street Investment Journal|September 17, 2018
Inorganic Growth To Steel Its Numero UNO Position

JSW Steel

JSW Steel, a part of the O.P. Jindal group, was incorporated as Jindal Vijaynagar Steel Ltd (JVSL). The company began its operations in 1999. The company was renamed JSW Steel in FY06 after its transformation into an integrated steel manufacturer. The current capacity of JSW Steel is 18 MTPA, which makes the company India’s largest steel manufacturer. In FY18, the company recorded highest ever crude steel production of 16.27 million tonnes. The company has seven production facilities spread across western and southern regions of the country. The company is continuously expanding its manufacturing capacity; from the capacity of 1.6 MTPA in 2002, the company expanded its crude steel production capacity to its present capacity of 18 MTPA. Going forward, JSW Steel aims to expand its capacity to 40 MPTA over the next ten years.

The company has a wide portfolio of flat and long products and is one of India’s leading producers and exporters of coated flat steel products. The company’s product portfolio includes:

• Hot rolled coils (HRC)

• HR sheets and plates

• Cold rolled coils and sheets

• Galvanised and galvalume products

• Pre-painted galvanised and galvalume products

• Thermo mechanically treated (TMT) bars

• Wire rods and special steel bars

• Rounds and blooms

• Plates and pipes of various sizes

• Cold rolled non-grain-oriented products

The company’s wide product portfolio fulfils the demand of various industries such as construction, infrastructure, automotive, consumer durables, and many more.

Notably, to ensure seamless raw material supply, the company has acquired five iron ore mines in Karnataka.

One of these mines has become operational in February 2018 and other four mines are expected to get operational in FY19. Jointly, these four mines are expected to provide 4.7 MTPA of iron ore, which will be around 20 per cent of the company’s iron ore requirements at Vijayanagar.

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September 17, 2018