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JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. [4] After the merger of Bhushan Power & Steel , Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.
In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create JSW Steel. [8] In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading. [9]
During the early 2000s recession, heavy losses forced the company, as well as Essar Steel and JSW Steel, into debt restructurings. [2] However, the company was not able to implement a turnaround and in 2010, losses reached Rs 2,500 crore. [2] In 2010, JSW acquired a 41.57% interest in the company for ₹2157 crore and renamed it JSW Ispat Steel.
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The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same. Some steel is more valuable than other steel, so the volume is not the same as turnover. Some of the world's leading steel producers include China Baowu Group and ...
Jindal Vijayanagar Steel built the airport next to its plant in Toranagallu for use by senior employees. [4] It began operations in 1997. [5] In 2004, the government of Karnataka announced that the airstrip would be upgraded to serve as the new commercial airport for Bellary, which was 30 kilometres (19 mi) away. Air Deccan planned to fly to ...
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Where x is the material type (only 1 is specified so far), yy is the steel group number (specified in EN10027-2) and zz(zz) is a sequential number designated by the certifying body, the number in brackets being unused but reserved for later use. The steel groups are indicated below: