Introduction

• Jindal Steel is amongst the largest corporate groups in

India. Jindal Group is presently a US $5 billion
conglomerate and ranks fourth amongst the top Indian
Business Houses in terms of assets. Jindal Steel is one
of the largest steel producers in India with 12 plants in
India and 2 in USA.
• Jindal Steel & Power Ltd (JSPL) is one of the few
integrated secondary steel players in India, with
capability to manufacture Sponge iron, Steel Rounds &
Slabs, Ferro Chrome, Power, Machinery & Castings and
Ingots.

Ji
Jindal Steel and Power Ltd.

Type Private
Founded 1952 Hisar, Haryana, India
Headquarters Hisar, Haryana, India
Key people Savitri Jindal,
Chairman P.R. Jindal, Sajjan Jindal,
Ratan Jindal, Naveen Jindal
Industry Metals, Energy, Ports
Products Steel and Power
Company Facts - Jindal Steel

Registered Address
O.P. Jindal Marg Hissar 125005 Haryana
Tel: 01662-222471 - 75
Fax: 01662-222476
Email: investor_redressal@ngr.jindalsteel.com
Website: http://www.jindalsteelpower.com

Company History
• Jindal Group Profile:
• Founded by Mr. O.P.Jindal, JSPL is part of the US$ 1.5
bn Jindal Group. The group has interests in steel
and power. Mr. Jindal has been in the field of steel industry
for nearly four decades, and the Jindal group has developed
many new in-house technologies and processes for the steel
industry. Over the last few years,
• It has managed to execute large-scale projects in the
steel sector.
• The Jindal group comprises of Jindal Steel & Power
(JSPL), Jindal Strips, Jindal Vijayanagar & Steel Ltd
(JVSL), Jindal Iron & Steel (JISCO), Saw Pipes, etc. All these
companies are independently managed by sons of
O.P.Jindal and have non-overlapping product profiles.

About The Founder

Shri Om Prakash Jindal more popularly known as O.P. Jindal
was born on August 7, 1930 to a farmer Late Netram Jindal
of village Nalwa of district Hisar in Haryana. Since his
childhood the young Jindal had interested in technical work.
He started his industrial career with a small bucket-
manufacturing unit in Hisar. In 1964, he commissioned a
Pipe Unit Jindal India Limited, followed by a large factory in
1969 under the name Jindal Strips Limited.
• Sh. Jindal always had the conviction that India should
be self-reliant in every sector of industry. He visited
several foreign countries to elicit latest industrial
technical development and know-how. He acquired a
great deal of knowledge, which he aptly applied to
enhance production of his industrial establishments. At
present, there are twenty factories under the flagship of
the Jindal Organization, which are worth over US $ 10
Billion, under whose umbrella thousands of families
directly or indirectly benefit themselves.

Impact Of Economic Downturn

Steel prices expected to decline further: Due to the

downturn in the global economy and the slowdown in credit
growth, infrastructure development activities and consumer
spending have been adversely affected. The construction
and automobile sectors, which are major consumers of steel,
have witnessed a significant decline in activity, thus leading
to a slowdown in the demand for steel. International steel
HRC prices have plunged 40–50% from their highs to USD
600–700 per ton. With the advanced economies going into a
Recession and the emerging economies slowing down,
demand for steel is not expected to improve in the near
term. As a result, we expect steel prices to fall further in the
coming months. However, we believe the decline in
realizations will be restricted for JSPL as it stays focused on
value-added products.

Jindal Steel and Power Ltd. Future Plans:

 • As a forward integration, JSP is setting up a Railway and
Universal Beam Mill (RUBM) to produce the world’s
longest (120 mtrs) rails. The project should translate
into significant gains for JSPL as demand for rails is
expected to rise by 2,50,000 tpa for next 5 years. This
steep rise in demand would be driven by setting up the
Rs 170 bn Railway Safety Fund, and renewed thrust to
clear the 12,500 kms (3000 kms p.a) backlog of track
renewal.

• Diamond Exploration:
JSPL has applied for reconnaissance permit for undertaking
exploration for diamonds in the state of
Chhattisgarh. It is carrying out a survey, and only after
detailed investigation whether the deposits are
commercially viable, the company will take up mining of
diamonds and enter into JV agreement. Foreign
giants De Beers and BHP has shown keen interest in joining
hands with the company for a JV deal.
It is proposing to invest Rs 50-60 crore in a phased manner
for establishing the reserve position before
making any commitments towards production of the
precious stone.
• Investment in Orissa:
In order to maintain leadership in the field of sponge iron,
power and steel, the company plans to invest in the
State of Orissa, which has adequate reserves of iron ore and
coal. In this connection, it plans to sign MOU
with Government of Orissa.