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Jindal Steel and Power Limited (JSPL) is an Indian steel company based in New Delhi. [4] JSPL is a part of OP Jindal Group. [5]In terms of tonnage, it is the third-largest private steel producer in India and the only private player in India to produce rails.
Jindal Stainless Limited is an Indian stainless steel maker headquartered in New Delhi. It is a part of OP Jindal group. The firm has a melt capacity of 2.9 million tonnes per annum which makes it the largest stainless steel producer of India. Incorporated in 1970, it ranks among the top 5 stainless steel makers of the world. [6] [4] [5] [7]
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JSW Steel's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). [6] Soon after the acquisition the group set up its first steel plant in 1982 at Vasind, near Mumbai. [7]
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near Mumbai, from Piramal Steel. [5] Following the acquisition, the group renamed it Jindal Iron and Steel Company (JISCO). Subsequently, in the same year, the group established its first steel plant in Vasind, near Mumbai. [6]
Majority of the steel companies such as Jindal Stainless, JSW Steel, Bhushan Steel, Lloyd's Metal etc. were established in the 1970s and 1980s. [2] The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively. [3]
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