DOCSLIB.ORG

JSW Steel at a Glance

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
JSW Steel at a Glance Better Everyday Annual Report 2017/18 Better Everyday. In Pursuit of Excellence. Corporate Overview Statutory Reports Financial Statements Contents JSW Steel at a Glance Corporate Overview The flagship Company of JSW Group, JSW Steel is India’s leading integrated 02 Message from the Chairman and steel manufacturer with a capacity of 18 MTPA. It is one of the fastest Managing Director growing companies in India with a footprint in over 100 countries. Guided by 04 Value Creation at JSW Steel the philosophy of ‘Better Everyday’, the Company stays ahead of the curve consistently, delivering exceptional stakeholder value. Statutory Reports 05 Corporate Information 06 Management Discussion Better Everyday. and Analysis In Pursuit of Excellence. 42 Directors’ Report 96 Report on Corporate Governance Everyday excellence is not a state of being, but a continuous journey. The net result of the continued efforts are better than the previous day, everyday. At JSW Standalone Financial Statements Steel, it’s our inherent nature to explore better ways of working to constantly 128 Independent Auditor’s Report maintain leadership position across the different activities we undertake. Be 134 Balance Sheet it steel production, community empowerment, environmental contributions or 135 Statement of Profit and Loss continuous innovation, we pursue the best and strive to make it better. 136 Statement of Changes in Equity 137 Statement of Cash Flows Over the years, JSW Steel has grown to be a market leader in the Indian steel 139 Notes to the Standalone Financial industry and has established significant international presence. We have Statements traversed dynamic market conditions and challenging demand-supply equations to reach where we are now. The philosophy of ‘Better Everyday’ has been the Consolidated Financial guiding force behind our growth and will remain so for all future endeavours Statements as well. This philosophy manifests itself in various forms including the quality 213 Independent Auditor’s Report enhancements that we pursue, sustainability practices that we implement and 218 Consolidated Balance Sheet the nation-building activities that we contribute to. 219 Consolidated Statement of Profit and Loss Thus, at JSW Steel, ‘Better Everyday’ is a proposition to compete with ourselves 220 Consolidated Statement of to attain excellence. It is the chosen way of life. Changes in Equity 221 Consolidated Statement of Cash Flows 223 Notes to the Consolidated Financial Statements 317 Form AOC-I FY 2017-18: Best Ever Annual Performance 321 Financial Highlights (Standalone) 322 Financial Highlights (Consolidated) 16.27 15.55 MnT MnT 323 Notice Crude steel production Saleable steel sales (3% y-o-y growth) (6% y-o-y growth) E-Communication Registration Form NECS Mandate Form Proxy Form H71,503 H14,794 crores crores Revenue from operations Operating EBITDA (18% y-o-y growth) (22% y-o-y growth) H6,113 H25.71 crores Diluted earnings per share Net profit after tax (76% y-o-y growth) (76% y-o-y growth) 1 JSW Steel Limited | Annual Report 2017-18 Message from the Chairman and Managing Director Dear Shareholders, It is with great pride and pleasure that I report to you at the end of a very successful financial year that saw us report market-leading numbers. Moreover, the Company also triggered off multiple strategic initiatives during the year aimed at realising our long- term vision. During the year, we launched our revamped Group brand identity. Elucidated through the tagline, ‘Better Everyday’, our new brand positioning is all about being ‘a bold and unwavering transformer’. It demonstrates our drive to make ‘better’ every life we touch; be it our employees, our business associates, our customers, the communities around our plants and facilities, or the industry fraternity at large. And we do so by following the principle of bettering ourselves, time and again, continuously, with dynamic enthusiasm. Further, to establish this culture and create a consistent brand experience, both for our internal and external stakeholders, we are adopting a personality that is optimistic, empathetic, nationalistic and bold. In addition, the introduction of GST is a seminal reform, which Thus, our credo borrows from the actions and outcomes we will help formalise the economy, introduce transparency and have demonstrated. In JSW Steel too, we find resonance of go a long way in creating a level-playing field, besides weeding ‘Better Everyday’, in the manner that we have performed, and out a lot of tertiary inefficiencies. We view this very positively. in the strategic focus we have outlined. We can only get better if we pursue excellence across all facets of our business on a Of particular importance are the initiatives around stressed daily basis. This annual report highlights some of the ways in assets resolution, under the new Insolvency and Bankruptcy which we are aiming for excellence. Code. JSW Steel is participating in strategic opportunities under this process, and is hopeful that quality, efficiency and This is also our first integrated report. Creating value for all governance will converge to make better utilisation of some of stakeholders and providers of diverse capitals is inbuilt into the capacities that are financially distressed. our strategy, including the way we measure our performance. Our report now reflects the outcomes of our actions, as Setting new milestones relevant to different stakeholders, and also the impact of our JSW Steel achieved a record performance in the year. With an strategy and integrated thinking. It is also in line with our all-time high crude steel production, our shipments remained commitment to the highest standards of governance and buoyant. Revival in domestic demand in the second half of transparency. the year was a key catalyst of our performance and was driven by improving prospects of the auto, construction and An encouraging environment capital goods sectors. Rising share of value-added and special FY 2017-18 was characterised by a broad-based improvement products in the overall business was another highlight of the in global growth, rising industrial production, progress on year. These products accounted for 58% of our shipments in the supply side reforms in China and an uptick in global steel FY 2017-18 and were instrumental in boosting our realisations pricing environment. as well as profitability. The Indian economy too saw a strong rebound in demand, Our domestic sales volume growth at 9% surpassed the especially in the second half, demonstrating a healthy domestic steel consumption growth during the year. Thus, we resilience to disruptions and structural changes. India’s continued to further consolidate our leadership position in the macro fundamentals, such as fiscal deficit and credit rating market. are improving, and broad-based financial reforms are being undertaken through initiatives such as relaxation of FDI rules, Our relentless efforts to enhance operational efficiencies are enactment of the IBC and growth stemming from government yielding rich dividends as reflected in our robust Return on spending. Capital Employed (ROCE) ratio of 16% – placing us among the top 5 steel companies globally. For the first time in many years, elasticity of steel demand to GDP growth exceeded 1x. Infrastructure received a big boost Deleveraging was a key theme that played out during the in the form of budgetary allocation, and consumer sentiment year. Stronger profitability and improved leverage ratios led too is on the rise. We also crossed the GDP threshold of US$2.5 to improved credit rating. The cash flows freed up from the trillion, and with a likely thrust on infrastructure development, deleveraging initiatives will be prudently deployed for capacity the medium to long-term outlook for steel demand growth is expansion and other returns accretive projects, going forward. very positive. 2 Better Everyday. In Pursuit of Excellence. Corporate Overview Statutory Reports Financial Statements An exciting future This takes our overall investment blueprint for the US market, We are very positive about the long-term growth potential to produce American melted and manufactured steel with a for steel consumption in the domestic market. Even if one total capacity of 4 MTPA, to upto US$1 billion. assumes a rate of growth of around 7% p.a. for the overall Similarly, we are in the process of acquiring the rolling steel demand, India will need to create over 150 million tonnes facilities of Italian steelmaker, Aferpi (erstwhile Lucchini), of new steel capacity in the next 10 years. As one of the most with a capacity of 1.3 MTPA for about Euro 55 million. Through competitive and efficient players, JSW Steel will be looking to this acquisition, your Company will get a stronger foothold in capitalise on this opportunity and invest in capacity expansion the European market and can swiftly tap into the emerging and growing the market share. opportunities in the continent. Our Board has approved additional capital expenditure Needless to mention, while pursuing all the growth programmes to expand capacities at our plants in Vijayanagar opportunities – whether organic or inorganic – we will continue and Dolvi, and also to modernise and expand capacities of to demonstrate prudence and follow conservative financial our downstream businesses. We have now embarked upon policies. a journey to invest around H45,000 crores in these projects over a four-year period from FY 2017-18 to FY 2020-21. These Favourable policy environment expansions will further enhance our efficiencies and generate Government of India has put in place multiple policy measures superior returns. The completion of these projects will take our to support the domestic steel industry. Be it long-term overall capacity from 18 MTPA currently to 24.7 MTPA by measures like the National Steel Policy 2017, which aims to March 2020. make India a competitive and self-sufficient steel producing Inorganic growth has always been an integral part of our country by 2030; or shorter-term trade remedial measures growth journey and we will continue to explore strategic intended to provide a level playing field for domestic steel opportunities, both in domestic and international markets.
Load more

Recommended publications
  • Report on Fly Ash Generation and Its
    REPORT ON FLY ASH GENERATION AT COAL / LIGNITE BASED THERMAL POWER STATIONS AND ITS UTILIZATION IN THE COUNTRY FOR THE 1ST HALF OF THE YEAR 2020-2021 (April 2020 to September 2020) CENTRAL ELECTRICITY AUTHORITY NEW DELHI MARCH 2021 CONTENTS PARA No. PAGE DESCRIPTION No. 1.0 Background 1 2.0 Ash Generation & Utilization during the 1st Half Year 2020-21 2 2.1 A Brief Summary 2 Power Utilitywise Status of Fly Ash Generation & its utilization during 2.2 3 the 1st Half Year 2020-21 State wise Status of Fly Ash Generation & its utilization during the 1st 2.3 9 Half Year 2020-21 Present Status of Fly Ash Utilization as per MoEF’s amendment 3.0 10 notification dated 3rd November, 2009 3.1 Range of Fly Ash Utilization during the 1st Half Year 2020-21 11 Thermal Power Stations that have achieved 100% or more ash 3.2 11 utilization during the 1st Half Year 2020-21 Power Stations in Fly Ash Utilization level of 90% to less than 100% 3.3 17 during the 1st Half Year 2020-21 Power Stations in Fly Ash Utilization level of 70% to less than 90% 3.4 18 during the 1st Half Year 2020-21 Power Stations in Fly Ash Utilization level of 50% to less than 70% 3.5 20 during the 1st Half Year 2020-21 Power Stations with Fly Ash utilization level of less than 50% during 3.6 22 the 1st Half Year 2020-21 Power Stations with no Fly Ash Generation during the 1st half of the 3.7 24 Year 2020-21 4.0 Modes of Fly Ash utilization during the 1st Half Year 2020-21 25 5.0 Conclusions & Recommendations 27 List of Abbreviations 31 Fly Ash Generation and its Utilization at Coal / Lignite based Thermal Annexure-I Power Stations in the country during the 1st Half Year of 2020-21 (Power Utility Wise) i LIST OF TABLES & FIGURES TABLE PAGE TITLE OF TABLE No.
    [Show full text]
  • Ecor AARTI STEELS LTD SDG ASGN Ecor BADEARAPUR BDXX Ecor GCB SIDING PARADEEP PORT, PARADEEP CBSP Ecor DAITARI DATR Ecor HIRAKUD
    Annexure I (Para 1.9) List of loading points selected in sample S.no ZR Name of loading points Code 1 ECoR AARTI STEELS LTD SDG ASGN 2 ECoR BADEARAPUR BDXX 3 ECoR GCB SIDING PARADEEP PORT, PARADEEP CBSP 4 ECoR DAITARI DATR 5 ECoR HIRAKUD HKG 6 ECoR JAGDALPUR JDB 7 ECoR KIRANDUL KRDL 8 ECoR LAPANGA LPG 9 ECoR ARYAN ISPAT & POWER PVT. LTD MAIL 10 ECoR BHUSHAN STEEL LTD. SIDING MBMB 11 ECoR NMDC IRON ORE LOADING DEPOSITE NO. 5 SIDING - BACHELI NMDB 12 ECoR NMDC'S MALLINGER VALLEY SDG, KIRANDUL NMVK 13 ECoR NERGUNDI JN. NRG 14 ECoR NAYAGARH NYG 15 ECoR PORJANPUR PRNR 16 ECoR RENGALI RGL 17 ECoR SUKINDA ROAD SKND 18 ECoR VISHAKHAPATNAM-PORT VZP 19 SER BARBIL BBN 20 SER BARA JAMDA JN. BJMD 21 SER BADAMPAHAR BMPR 22 SER BANSPANI BSPX 23 SER BIMLAGARH JN. BUF 24 SER BARSUAN BXF 25 SER BOLANI FINE ORE OF M/S BSL BYFS 26 SER BOLANIKHADAN BYX 27 SER DEOJHAR DJHR 28 SER M/S ESSEL MINING & INDURSTRIES LTD'S PVT. SDG. EMIJ 29 SER NEW BUNKER SIDING OF M/S SAIL (NMDC) AT KRBU FOS 30 SER GUA GUA 31 SER GORUMAHI SANI GUMI 32 SER HINDUSTAN STEEL LTD. HLSR 33 SER M/S IRON & STEEL CO. SDG, MANOHARPUR IISM 34 SER BASPANI IRON ORE LTD. JARULI IOJB 35 SER BUNKER SIDING AT GUA FOR M/S. INDIAN IRON STEEL CO. LTD. ISCG 36 SER TISCO'S JODA EAST BIN, BANSPANI JMDT 37 SER JODA EAST IRON MINE PVT. SDG M/S TISCO JMTB 38 SER JODA EAST DIRECT ENTRY PVT.
    [Show full text]
  • Iron & Steel and Scrap 2016.Pmd
    IRON & STEEL AND SCRAP Indian Minerals Yearbook 2016 (Part- II : Metals & Alloys) 55th Edition IRON & STEEL AND SCRAP (FINAL RELEASE) GOVERNMENT OF INDIA MINISTRY OF MINES INDIAN BUREAU OF MINES Indira Bhavan, Civil Lines, NAGPUR – 440 001 PHONE/FAX NO. (0712) 2565471 PBX : (0712) 2562649, 2560544, 2560648 E-MAIL : [email protected] Website: www.ibm.gov.in February, 2018 9-1 IRON & STEEL AND SCRAP 9 Iron & Steel and Scrap ron & steel is decidedly the vital component of of iron & steel is sufficient to meet the domestic Ia country's economy and is considered demand, it imports mainly finished/semi-finished amongst the driving force of modernisation. steel and iron & steel (scrap) to meet specific The level of per capita consumption of steel is requirements and supply of essential grades. treated as one of the important indicators of socio-economic development and living Liberalisation of the Indian Steel Sector standards in any country. Steel continues to The Government's new economic policies be the foremost of engineering materials, which have opened up opportunities for expansion of not only is environment-friendly but also is the Steel Industry. With a view to accelerating recyclable. growth in the Steel Sector, the Government since The finished steel production in India has 1991 has been initiating and implementing a grown from a mere 1.1 million tonnes in 1951 to number of policy measures. These measures have 90.98 million tonnes in 2015-16. There, however impacted the Indian Steel Sector positively in was a decline of 1.3% in the production reported terms of modernisation and growth.
    [Show full text]
  • Thermal Power Plants in Odisha
    Thermal Power Plants in Odisha Sl. Name Address & Contact Generation No. Person with E-mail-id Capacity in MW 1. M/s Aarti Steel Ltd. At-Ghantikhala, 80 Po- Mahakalabasta, Athagada, Cuttack Mr. Pritish Dash, Manager (Env.) [email protected] M-9437083942 2. M/s ACC Ltd. Bargarh Cement Works, 30 Cement Nagar, Bardol, Bargarh, Pin No. 768 038, Ph No. 91-6646-247161, Fax. 91-6646-246430 Mr. Debapratim Bhadra, Head- Energy & Env. debapratim.bhadra@accli mited.com M-9777447636 arupkumar.das@acclimite d.com 3. M/s Action Ispat & Power At: Pandripathar, 63 (P) Ltd. P.O. Marakuta, Dist-Jharsuguda, Pin No. 768202 Mr. BhabyaRanjan Nayak, Environment Dept. environment.bhabyaranja [email protected] Mr. Ranjan Sahu Asst. Env. Officer, M-7752023544 [email protected] om 4. M/s Bhushan Power & Vill-Thelkoloi, 370 Steel Ltd. P.O. Lapanga- 768232 Teh. Rengali, Dist-Sambalpur, Mr. Niranjan Parida, Dy. Manager, [email protected] M-9437150569 Sl. Name Address & Contact Generation No. Person with E-mail-id Capacity in MW 5. M/s Bhushan Steel Ltd. At- Narendrapur, 142 Meramundali, Dhenkanal Ph. No. 06762-300000 / 660002 / 660000, Fax. 91-011-66173997 Mr. Santosh Pattajoshi, Sr. Manager, santosh.pattajoshi@bhusha nsteel.com M-7077757663 ram.sharma@bhushansteel .com 6. M/s Bhushan Energy Ltd. At-Ganthigadia, 300 P.O. Nuahata, Via-Banarpal, Dist-Angul Pin No. 759128 Ph-6762-300000 Fax. 011-66173997 7. M/s Birla Tyres At/Po-Chhanpur, Kuruda, 20 Balasore-756056, Ph. No. 06782- 254621/254225, Fax.06782-254225 Mrs. Suchismita Patnaik, Team Member, suchismita_patnaik@birlaty re.com 8.
    [Show full text]
  • Fourth-Largest Producer of Crude Steel
    • Steel production in India has increased at a CAGR of 7.9 per cent over FY2009–14 to Fourth-largest producer 81.54 million tonnes per annum (MTPA). The country is slated to become the second- of crude steel largest steel producer by 2016, as large public and private sector players strengthen steel production capacity in view of rising demand • Huge scope for growth is offered by India’s comparatively low per capita steel Strong growth consumption and the expected rise in consumption due to increased infrastructure opportunities construction and the thriving automobile and railways sectors Technological • Increased government and corporate sector focus on using innovative production advancements techniques for enhancing operational as well as financial performance is a positive • Domestic players’ investments in expanding and upgrading manufacturing facilities are Rising domestic and expected to reduce reliance on imports. In addition, the entry of international players* international would provide benefits in terms of capital resources, technical knowhow and more investments competitive industry dynamics Source: Ministry of Steel 2011 GrowingRobust demanddemand Increasing investments 2016E • Demand would be supported by • To achieve steel capacity build-up Market growth in the domestic market of 300 million tonnes per annum Market (MTPA) by 2025, India would need value: • Infrastructure, oil & gas and value: to invest USD210 billion over the automotives would drive the USD95.3 USD57.8 next decade billion growth of the industry
    [Show full text]
  • DEPARTMENT of COMMERCE International
    This document is scheduled to be published in the Federal Register on 11/13/2017 and available online at https://federalregister.gov/d/2017-24517, and on FDsys.gov DEPARTMENT OF COMMERCE International Trade Administration Initiation of Antidumping and Countervailing Duty Administrative Reviews AGENCY: Enforcement and Compliance, International Trade Administration, Department of Commerce SUMMARY: The Department of Commerce (the Department) has received requests to conduct administrative reviews of various antidumping and countervailing duty orders and findings with September anniversary dates. In accordance with the Department’s regulations, we are initiating those administrative reviews. DATES: Applicable [Insert date of publication in the Federal Register]. FOR FURTHER INFORMATION CONTACT: Brenda E. Waters, Office of AD/CVD Operations, Customs Liaison Unit, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue, NW, Washington, DC 20230, telephone: (202) 482-4735. SUPPLEMENTARY INFORMATION: Background The Department has received timely requests, in accordance with 19 CFR 351.213(b), for administrative reviews of various antidumping and countervailing duty orders and findings with September anniversary dates. All deadlines for the submission of various types of information, certifications, or comments or actions by the Department discussed below refer to the number of calendar days from the applicable starting time. 2 Notice of No Sales If a producer or exporter named in this notice of initiation had no exports, sales, or entries during the period of review (POR), it must notify the Department within 30 days of publication of this notice in the Federal Register. All submissions must be filed electronically at http://access.trade.gov in accordance with 19 CFR 351.303.1 Such submissions are subject to verification in accordance with section 782(i) of the Tariff Act of 1930, as amended (the Act).
    [Show full text]
  • Morning Notes Date: 27.01.2012
    Morning Notes Date: 27.01.2012 For Internal circulation only GRAPH GLOBAL NEWS Asia Stocks Snap 2-Day Rally, Yen Rises Asian stocks snapped a two-day rally after U.S. home sales unexpectedly fell and the yen gained against the dollar, damping the earnings outlook for the region’s exporters. James Hardie Industries SE (JHX), a building-materials KEY INDICES supplier that gets almost 70 percent of sales from the U.S., Indian Markets slid 0.3 percent in Sydney. Inpex Corp. (1605), Japan’s No. 1 energy explorer, advanced 2 percent after oil and metal prices gained. NEC Corp., a Japanese electronics maker, slid Index Close Change (%) 7.1 percent after saying it will cut 10,000 jobs and S&P CNX NIFTY 5158.30 0.60 forecasting its third annual loss in four years. CNX NIFTY JUNIOR 9751.00 1.46 South Korean Manufacturers’ Confidence Index Is Near CNX 100 5031.05 0.74 Lowest Since July ‘09 S&P CNX DEFTY 3569.70 0.51 S&P CNX 500 4051.80 0.87 South Korean manufacturers’ confidence is near a 30- CNX MIDCAP 7051.00 1.39 month low as Europe’s debt crisis dims the outlook for exports. An index measuring expectations for February was NIFTY MIDCAP 50 2096.85 1.71 at 81 from January’s 79, the lowest level since July 2009, a SENSEX 17077.18 0.48 statement from the Bank of Korea showed in Seoul today. A measure of expectations at non-manufacturing companies Global Markets was unchanged at 79. South Korea’s economy grew the least in two years in the fourth quarter as exports sank Index Close Change (%) because of Europe’s crisis and a faltering global expansion, a government report showed yesterday.
    [Show full text]
  • Jsw Investments Private Limited
    JSW INVESTMENTS PRIVATE LIMITED Private Placement Offer Letter Non-convertible Debentures of INR 100 Crores 1 JSW Investments Private Limited Private Limited Company incorporated under the Indian Companies Act, 1956 Date of Incorporation: March 31, 2005 Registered Office: JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, India Tel. No.: +91 22 4286 1000; Fax: +91 22 4286 3000 CIN- U65993MH2005PTC152325 ISSUE OF RATED, LISTED, ZERO COUPON, REDEEMABLE, NON- CONVERTIBLE DEBENTURES OF FACE VALUE OF INR 10,00,000/- EACH (THE "DEBENTURES"), AGGREGATING UPTO INR 100 CRORES ON A PRIVATE PLACEMENT BASIS (THE "ISSUE"), BY JSW INVESTMENTS PRIVATE LIMITED (THE "ISSUER") GENERAL RISK As the Offer/ Issue is being made on private placement basis, this Private Placement Offer Letter will be submitted to the Securities and Exchange Board of India (“SEBI”). The Debentures have not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of this Private Placement Offer Letter. Specific attention of the investors is invited to the summarized and detailed Risk Factors mentioned elsewhere in this Private Placement Offer Letter. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for, and confirms that this Private Placement Offer Letter contains all information with regard to the Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Private Placement Offer Letter is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Private Placement Offer Letter as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.
    [Show full text]
  • STEEL LIMITED Registered Office: Jindal Mansion, 5A, Dr
    STEEL LIMITED Registered Office: Jindal Mansion, 5A, Dr. G Deshmukh Marg, Mumbai 400 026. Tel. No.: +91 22 23513000 Fax: +91 22 23526400 COURT CONVENED MEETING OF THE 10% CUMULATIVE REDEEMABLE PREFERENCE SHAREHOLDERS OF JSW STEEL LIMITED Day : Wednesday Date : January 30, 2013 Time : 12.30 p.m. Venue : Y B Chavan Auditorium, General Jagannathrao Bhonsle Marg, Nariman Point, Mumbai 400 021, Maharashtra. CONTENTS PAGE NOS. Notice of Court Convened Meeting of the 10% Cumulative Redeemable Preference 2 - 3 Shareholders of JSW Steel Limited Explanatory Statement under Section 393 of the Companies Act, 1956 4 - 18 Composite Scheme of Amalgamation and Arrangement amongst JSW ISPAT Steel Limited 19 - 43 (‘JSW ISPAT’) and JSW Building Systems Limited (‘JSW Building’) and JSW Steel Coated Products Limited (‘JSW Steel Coated’) and JSW Steel Limited (‘JSW Steel’) and their respective Shareholders and Creditors under Sections 391 to 394 of the Companies Act, 1956. Attendance Slip 45 Form of Proxy 47 1 1_Notice _ Preference Shares _JSW Steel.indd 1 12/27/2012 10:21:15 PM IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO 857OF 2012 In the matter of the Companies Act, 1956 (1 of 1956); AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of Composite Scheme of Amalgamation and Arrangement AMONGST JSW ISPAT Steel Limited (‘The Transferor Company 1’) AND JSW Building Systems Limited (‘The Transferor Company 2’) AND JSW Steel Coated Products Limited (‘The Transferee Company 1’) AND JSW Steel Limited (‘The Transferee Company 2’) AND Their respective shareholders and creditors JSW Steel Limited, a Company incorporated under ) the Companies Act, 1956 having its Registered ) Office at Jindal Mansion, 5A, Dr.
    [Show full text]
  • Staying Strong. Growing Stronger
    STAYING STRONG. GROWING STRONGER. ANNUAL REPORT 2015-16 creative consultants - aicl ([email protected]) creative consultants IN TRIBUTE TO A MAN WHO BELIEVED IN INDIA AND ITS PEOPLE The vision for a self-reliant India. The determination to reform and serve society. And the dream to make a difference in the lives of others. For one of India’s leading industrial- ists, ambition held a wholly different meaning. Where setting up schools and healthcare centers was a part of every business plan. Where increasing profitability went hand-in-hand with allevi- ating poverty. And where building an empire never came before building a nation. Shri O.P. Jindal August 7, 1930 to March 31, 2005 Visionary and Founder - O. P. Jindal Group CORPORATE OVERVIEW ANNUAL REPORT 2015-16 CORPORATE OVERVIEW CORPORATE CONTENTS th 6 18MTPA Corporate Overview Position among world-class steel Steel-making capacity 02 Message from the Chairman & Managing makers as per WSD in 2016 Director STATUTORY REPORTS STATUTORY 04 Sustainability at JSW Steel STAYING STRONG. 05 Corporate Information GROWING STRONGER. Statutory Reports 06 Management Discussion & Analysis The strength of businesses is determined not by how well they do in good times, but in how courageously they sustain through periods of 30 Directors’ Report uncertainty and challenges. Looked at from this prism, we at JSW Steel have 86 Report on Corporate Governance demonstrated our ability to withstand such challenges and adversities through our performance in FY 2015-16. At JSW Steel, we did not just hold on to Financial Statements our production levels in such a scenario. In fact, we increased our installed STATEMENTS FINANCIAL Standalone Financial Statements capacity to 18 MTPA and reported our highest ever sales in the last quarter.
    [Show full text]
  • Ispat Steel Limited, Near Geetapuram, Dolvi Village, Pen Taluka, Raigad District, Maharashtra
    FORM-I FOR CAPACITY ADDITION OF INTEGRATED STEEL PLANT FROM 5.0 MTPA TO 10.0 MTPA AND CAPTIVE POWER PLANT FROM 300 MW TO 600 MW AT JSW ISPAT STEEL LIMITED, NEAR GEETAPURAM, DOLVI VILLAGE, PEN TALUKA, RAIGAD DISTRICT, MAHARASHTRA Submitted to: Ministry of Environment and Forests New Delhi ISPAT STEEL LIMITED DOLVI WORKS Submitted by: JSW ISPAT STEEL LTD., DOLVI WORKS DOLVI VILLAGE, PEN TALUK, RAIGAD DISTRICT MAHARASHTRA APPLICATION FOR PRIOR ENVIRONMENTAL CLEARANCE (FORM-1) (I) BASIC INFORMATION Name of the Project/s Capacity Addition of Integrated Steel Plant from 5.0 Mtpa To 10.0 Mtpa and Captive Power Plant from 300 MW To 600 MW at JSW ISPAT Steel Ltd., Dolvi Works, Dolvi Village, Raigad District, Maharashtra. S. No. in the schedule 3 (a) Proposed capacity / area / length / Capacity Addition of Integrated Steel Plant from tonnage to be handled / command 5.0 Mtpa To 10.0 Mtpa and Captive Power Plant area / lease area / number of wells to from 300 MW To 600 MW. be drilled New / Expansion / Modernization Expansion Existing Capacity / Area etc. Expansion of 3.0 MTPA Steel Plant to 5.0 MTPA and 300 MW Captive Power Plant under implementation. Category of Project i.e. ‘A’ or ‘ B’ Category ‘A’ Does it attract the general condition? No If yes, please specify. Does it attract the specific condition? No If yes, please specify. Location The proposed plant facility is located in existing plant premises at Geetapuram, Dolvi Village, Pen Taluka, Raigad District, Maharashtra State. The site falls between - Longitude - 73°00’00” - 73°05’00” E Latitude - 18°39’00” - 18°45’00” N The location of the site and study area map are given in Figure-1 & Figure-2, respectively.
    [Show full text]
  • Certain Hot-Rolled Carbon Steel Flat Products from India; 2014-2015
    UNITED STATES DEPARTMENT OF COMMERCE International Trade Administration Washington. D.C. 20230 A-533-820 Administrative Review POR: 1211114- 11 /30115 Public Document E&C: AD/CVD Ops: III: GM August 19, 2016 MEMORANDUM TO: Paul Piquado Assistant Secretary for Enforcement and Compliance FROM: Christian Marsh ( ~~~ Deputy Assistant S~etary for Antidumping and Countervailing Duty Operations RE: Decision Memorandum for the Preliminary Results of the Antidumping Duty Administrative Review: Certain Hot-Rolled Carbon Steel Flat Products from India; 2014-2015 I. SUMMARY In response to a request from the Petitioner, 1 the Department of Commerce (the Department) is conducting an administrative review of the antidumping duty order on certain hot-rolled carbon steel flat products from India (hot-rolled steel) for the period of review (POR) of December 1, 2014, through November 30, 2015. The Department preliminarily determines that !spat Industries Ltd. (Ispat), JSW Steel Ltd. (JSW), JSW Ispat Steel Ltd. (JSW lspat), and Tata Steel Ltd. (Tata) had no entries of subject merchandise during the POR. We invite interested parties to comment on these preliminary results. We intend to issue the final results no later than 120 days from the date of publication of this notice unless extended, pursuant to section 751(a)(3)(A) ofthe Tariff Act of 1930, as amended (the Act). Once we issue the final results, we will instruct U.S. Customs and Border Protection (CBP) to assess antidumping duties on all appropriate entries of subject merchandise during the POR. 1 The Petitioner is Nucor Corporation. /-d~ -; T... • h, ... :- . ·.\' II. BACKGROUND On December 3, 2001, the Department published in the Federal Register the AD Order2 on hot- rolled steel from India.
    [Show full text]