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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 ...
JSW Steel: JSW Steel: 1982 Tarapur, Boisar, Maharashtra: JSW Steel: JSW Steel Special Alloy Steel Plant: 2004 Salem, Tamil Nadu: JSW Steel: JSW Ispat Special Products Limited: 1990 Raipur, Chhattisgarh: JSW Ispat Special Products Limited: JSW Ispat Special Products Limited: 1994 Raigarh, Chhattisgarh: JSW Ispat Special Products Limited: JSW ...
The company established its facility in Chandigarh in 1973 to manufacture Tor steel and wire rod. It has 7 manufacturing facilities in India. [7] The company was promoted by Sanjay Singal. [8] [9] Bhushan Power & Steel was acquired by JSW Steel in September 2019. [10] [11] JSW Steel's offer of Rs. 19,700 crores was approved by NCLT. [12]
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