Ratnagiri, Maharashtra 1,200 MW Imported Coal-Fired Power Plant
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Bringing alive a billion dreams MANAGING CHANGE SUCCESSFULLY STEEL | ENERGY | INFRASTRUCTURE | CEMENT | ALUMINIUM | IT | FOUNDATION 1 CONTENTS 04 Profile of Mr. Sajjan Jindal 12 JSW Group 20 JSW Steel 30 JSW Natural Resources 32 JSW Energy 46 JSW Infrastructure 48 JSW Cement 50 JSW Aluminium 51 JSoft Solutions 52 JSW Foundation 70 Awards & Recognition 72 JSW Network Shri O. P. Jindal August 7, 1930 – March 31, 2005 O. P. Jindal Group – Founder and Visionary Shri OP Jindal was a father figure for TRULY, FOR SOME MEN, millions. Where others would see walls, he saw doors of opportunities. He DESTINY ISN’t wRITTEN, continuously worked towards making India self-reliant. He believed that the UNLESS THEY WRITE IT. growth should be inclusive and made it his life’s mission to help the underprivileged sections of society. A successful industrialist, a politician, a leader and a passionate philanthropist, late Shri OP Jindal achieved this and more with his inspiring energy. And amongst other things, he left behind a few billion smiles and a legacy of inspiration. His legacy and the vision of inclusive growth is being carried forward by the group companies through various social initiatives. 3 Profile of Mr. Sajjan Jindal “IT IS SAID THAT IN THE JOURNEY OF LIFE, MORE IMPORTANT THAN WHERE YOU ARE, IS WHERE YOU ARE HEADING TO...” Mr. Sajjan Jindal, Chairman and Managing Director, explains the JSW mindset that successfully countered challenges. Mr. Sajjan Jindal was born on December 5, 1959, in Calcutta, India. A Mechanical Engineer from Bangalore University, Mr Jindal began his career in 1984 in Mumbai by independently looking after the O.P. Jindal Group’s steel manufacturing business in western India. Since then he has followed an aggressive strategy that has propelled JSW Steel to one of India’s largest private integrated steel-makers. He has also diversified into power, cement, aluminium, software and infrastructure operations. JSW Group is under the umbrella of the USD 16.5 billion O.P. Sustainability Committee of World for elevating JSW Steel amongst the Jindal Group. Steel Association selected few global steel producers. • Council Member – Indian Institute Earlier in 2007, he was named the ‘Ernst Mr Jindal believes that India’s real of Metals & Young Entrepreneur of The Year’ in challenge lies in pursuing the path of • Member, Confederation of Indian the ‘Manufacturing Category’. inclusive growth and taking a leadership Industry role in sustainable development. Growth • Chairman, I-League Committee, All He lives with his family in Mumbai is meaningful only when it benefits all India Football Federation and has three children. He is a keen sections of the society and does not • Former President of ASSOCHAM sportsman with a love for the outdoors. endanger the fragile environment. He serves on several civic bodies including : In 2009, Mr Jindal was awarded the prestigious 19th Willy Korf / Ken • Member of the Executive Iverson Steel Vision Award at the Steel Committee and the Chairman of the Survival Strategies XXIV Conference 5 JSW STEEL’S CAPACITY GREW THREE-FOLD IN JUST FIVE YEARS. TODAY IT IS THE LARGEST INTEGRATED PRIVATE SECTOR STEEL PRODUCER IN INDIA IN TERMS OF INSTALLED CAPACITY. Blast Furnace 3 & 4 at Vijayanagar 7 JSW ENERGY IS ONE OF THE FASTEST GROWING POWER COMPANIES ACHIEVING REMARKABLE AND SIGNIFICANT MILESTONES. Energy Plant at Vijayanagar 9 OUR PORTS CHANGE THE FUTURE OF THE LAND HELPING INDUSTRIES, COMMUNITIES AND THE ENVIRONMENT PROSPER. Jaigarh Port 11 JSW Group MULTIPLE HUES OF SUCCESS: JSW GROUP HAS DIVERSIFIED INTERESTS IN STEEL, ENERGY, LOGISTICS, INFRASTRUCTURE, MINING AND CEMENT. Bringing alive a billion dreams JSW Group is a part of USD 16.5 billion O. P. Jindal Group. Under the dynamic leadership of Mr. Sajjan Jindal, JSW Group has grown into a USD 10 billion enterprise with interests across various core economic sectors – Steel, Energy, Cement, Aluminium, Natural Resources, Maritime Infrastructure and IT. In a short span of time, JSW has become the largest integrated steel manufacturer in India. It is striving to become a leading player in every business that it operates. JSW’s midas touch is not restricted to businesses alone, its activities have impacted villages and lives of thousands of people associated with it. JSW’s award winning townships and world class infrastructure have set new benchmarks and won numerous accolades. AT JSW, WE HavE COMMITTED OURSELVES TO SMALL ACTS THAT CHANGE THE WORLD AROUND US RESULTING IN A SEQUENCE OF NEVER ENDING EXCELLENCE. Vision Global recognition for Quality and Efficiency, while nurturing nature and society. Mission Supporting the nation’s growth in power and steel with speed and innovation. Core Values • Transparency • Strive for Excellence • Dynamism • Passion for Learning 13 JSW Journey 1994 1999-2000 2004-05 Incorporated Jindal Tractabel South West Port incorporated. JSW Steel took over on March 10, 1994. Later Beginning of maritime operations the management of renamed as JSW Energy at Mormugao Port Salem Works 1995-96 2003-04 • Upstream : Production of Inauguration of Cement Plant at Corex I started Vijayanagar • Inauguration of Jindal Praxair Oxygen Company JSW GROUP ovER THE YEARS, HAS GROWN IN LEAPS AND BOUNDS. BY EXERCISING THE SAME FORESIGHT THAT HAS BECOME A principaL BUSINESS STRATEGY Today. 2009 2011 • Inauguration of JSW Jaigarh Port Commsssioning of Blast Furnace IV • Commissioning of first unit (135 MW) of with 3.2 MTPA capacity. JSW Energy plant at Barmer • Commissioned the largest Blast Furnace III with 2.8 MTPA capacity. 2008 2010 2012 Formed JV with Toshiba to • Listing of JSW Energy on BSE and NSE • Commissioning of Cement produce super-critical steam • Foreign Collaboration Agreement plant at Nandyal, Andhra turbines and generators between JSW Steel and JFE Steel Pradesh • Commissioning of first unit (300 MW) • Commissioning of TOSHIBA of JSW Energy at Ratnagiri JSW facility at Chennai • Acquired a majority stake in Ispat Industries Ltd. 15 JSW Spirit SPEED PASSION InnovaTION Reach the zenith of our Focus on multiple-nation Commitment to raise the industry within the and multi-product global benchmark shortest possible time footprint Stabilised operations of India’s largest Manufactured an average 20,000 tonnes Introduced seven predictive models blast furnace in only three months; per month of high value-added steel as proactive analysis of equipment highest daily production of 8,337 tonnes (API X-70 grade steel) for the oil a and performance and product quality, and achieved in January 2010. gas pipeline sector, for the first time in filed copyrights for six models; another India. first in the Indian steel sector. RETURNS INVESTMENT TECHNOLOGY Derive more from less Enriching the community, Knowledge repository touching lives catalysing pioneering achievements Improved utilisation of Coke Oven gas JSW foundation touched the lives of Commissioned India’s widest hot strip from 84% in 2008-09 to 96% plus in 2.5 lac individuals as part of its social mill, which can roll products up to 2,100 2009-10 for power generation and the responsibility initiatives. mm width. steel-making processes at Vijayanagar works. 17 HELPING TRANSFORM JSW FROM A REGIONAL TO A GLOBAL STEEL manufacTURER. • Grew capacity more than four-fold between 2004 and 2011 from 2.5 MTPA to 11 MTPA. • Added state-of-the-art value-addition facilities i.e. HSM for the first time in India. • Acquired facilities in the US to cater to the high value oil and gas pipeline market. • Establishing a long product facility in Europe with Geo Steel LLC (Georgia based Joint Venture). Consequently, production volumes grew at a CAGR of 26.07% over five years while revenue grew 22.56% over the same period. The Company is now working towards emerging as a leading domestic and global steel player through the following initiatives. • Setting up a 10 MTPA greenfield facility (phased) in West Bengal; planning another 10 MTPA greenfield facility at Jharkhand. In doing so, JSW Steel will treble its steel making capacity (on an expanded base) in a decade. INDIA’S LARGEST privaTE SECTOR INTEGRATED STEEL PRODUCER WITH 11 MTPA INSTALLED capaciTY Blast Furnace IV at Vijayanagar 19 JSW Steel CREATING SUSTAINABLE GROWTH. CHANGING FUTURES JSW Steel, the flagship company of the JSW Group, is today an integrated steel manufacturer. JSW Steel is the largest private sector steel manufacturer in terms of installed capacity. The Group set up its first steel plant in 1982 at Vasind near Mumbai. Soon after, it acquired Piramal Steel Ltd., which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, who had wide experience in the steel industry, renamed it as Jindal Iron and Steel Co. Ltd. (JISCO). In 1994, in order to achieve Steel Melt Shop at Vijayanagar the vision of moving up the value chain strong presence in the global value-added JSW Steel offers the entire gamut of steel and building a strong, resilient company, steel segment with the acquisition of steel products – Hot Rolled, Cold Rolled, Jindal Vijayanagar Steel Ltd. (JVSL) was mill in US and a service center in UK. Galvanized, Galvalume, Pre-painted setup, with its plant located at Toranagallu JSW Steel has also formed a joint venture Galvanised, Pre-painted Galvalume, in the Bellary-Hospet area of Karnataka, for setting up a steel plant in Georgia. The TMT Rebars, Wire Rods & Special Steel the heart of the high-grade iron ore belt Company has also tied up with JFE Steel Bars, Rounds & Blooms. JSW Steel has and spread over 3,700 acres of land. It is Corp, Japan for manufacturing the high grade manufacturing facilities at Toranagallu in just 340 kms from Bangalore, and is well automotive steel. JSW Steel has also acquired Karnataka, Vasind & Tarapur in Maharashtra connected with both the Goa and Chennai a controlling stake in Ispat Industries Ltd.