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JSW Salav Works: This plant was previously was owned by Welspun Group and it was purchased by the JSW Steel in 2014 for ₹ 1,000 crore (US$120 million). It is located in near vicinity (within 40 km) of the JSW Dolvi Works.
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).
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.
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.
The company manufactures and sells sponge iron, mild steel slabs, rails, mild steel, structural, hot rolled plates, iron ore pellets, and coils. [6] Jindal Steel and Power set up the world's first MXCOL plant at Angul, Odisha that uses the locally available and cheap high-ash coal and turns it into synthesis gas for steel making, reducing the ...
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 ...
JSW Vijayanagar Power Station, Toranagallu village in Bellary district, Karnataka. It is a 1460 MW (2x130,4x300 MW) plant. [4] JSW Ratnagiri Power Station, Nandiwade village near Jaigad in Ratnagiri district, Maharashtra. It is a 1200 MW (4x300 MW) plant. [5] JSW Barmer Power Station, Bhadresh village in Barmer district, Rajasthan. It is a 1080 ...
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]