TRIDENT ACADEMY OF TECHNOLOGY, BBSR, ORISSA

BIJU PATTNAYAK UNIVERSITY OF TECHNOLOGY, ORISSA

INTERPRETATION OF BALANCE SHEET

Working Capital

1000000
800000
600000
400000
200000
0

2006

2007

Current Assets

2008
Current Liabilities

Working Capital

The working Capital for the year 2007 was Rs.50917.57 Lakhs which shows the
absolute decrease of Rs.7621.02 Lakhs (i.e., 13%) over the previous year. The
working capital for the year 2008 was Rs.173955.17 Lakhs, which shows that
absolute increase of Rs.123037.60 Lakhs (i.e., 241.64%) over the previous year.
The reason for decrease in WC in 2007 is that the percentage of increase in
Current Liabilities (i.e., 74.75%) is more than the percentage of increase in current
assets (i.e., 44.95%)

Project Report of Sabir Kumar Dash (MBA) on FINANCE

Short term Liquidity

Particulars

2006

2007

2008

Liquid Assets (sundry

Debtors, Cash & Bank
Balance, Loan &
Advances)

103,693.20

142,970.79

237,225.8
4

Absolute change

39,277.59

94,255.05

Percentage change

37.88%

65.93%

250,000.00
200,000.00
150,000.00
100,000.00
50,000.00
0.00

2006
Liquid Assets

2007

2008

Absolute Change

The short term liquidity position of the company is

satisfactory as the liquid asset of the company shows an
up word trend.

Long Term financial Position.

Particulars

Amount (Rs In Lakhs)

Year

2006

2007

Absolute change (Rs. In Lakhs)

2008

2007

2008

Fixed Assets

260,083.04

378,077.72

478,574.49

117,994.68

100,496.77

Long Term Loans & Capitals

223,707.43

269,997.25

433,701.02

46,289.82

163,703.77

600,000.00
Fixed Assets
400,000.00
Long term
loans &
Capitals

200,000.00
0.00
2006

2007

2008

Both the Fixed Assets and Long Term Loans & Capital were in an increasing
trend for all the years, but the amount of increasing in Fixed Assets is more
than that of the amount of increase in Long Term Loans & Capital. That means
the Long Term Loans & Capital is not sufficient to finance the entire Fixed
Assets but the working capital of the company not adversely affected because
the company having a huge amount of Reserves and Surpluses to finance the
Fixed Assets.

JSL Financial Statement for last 5

years
Balance Sheet
Profit & Loss Account
Cash flow statement
Quarterly result
Capital Structure
Raw Materials
Finished Materials
Key Financial Ratios &
Yearly Result

Stay tuned

My Dream to be a Manager

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The ability to learn faster than your competitors

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Project Report of Sabir Kumar Dash (MBA) on FINANCE

Balance Sheet

-------in cr. -----

Particulars

March' 04 March' 05 March' 06 March' 07 March' 082

Sources of Funds
Total Share Capital

19.98

21.98

26.11

27.64

30.92

Equity share capital

19.98

21.98

26.11

27.64

30.92

Share application money

15.14

52.61

Preference share capital

537.25

770.79

983.1

1374.13

1757.14

Net Worth

557.23

792.77

1009.21

1416.91

1840.67

Secured Loans

656.59

1025.88

1905.01

2228.95

3820.34

Unsecured Loans

108.55

320.82

288.81

427.37

469.71

Total Debt

765.14

1346.7

2193.82

2656.32

4290.05

1322.37

2139.47

3203.03

4073.23

6130.72

Researves
Revaluation Researves

Total Liabilities

March' 04 March' 05 March' 06 March' 07 March' 08

Application of Funds
Gross Block

1416.34

1703.84

2196.7

3325.97

4209.09

190.07

320.59

419.67

602.28

797.12

1226.27

1383.25

1777.03

2723.69

3411.97

Capital work in progress

85.91

349.34

628.5

1057.09

1373.77

Investments

31021

193

310.22

188.56

93.29

Inventories

433.88

520.98

687.36

1069.73

2194.65

Sundry Debtors

144.46

326.59

350.43

580.41

753.66

Cash & Bank Balance

22.07

9.44

15.57

90.29

71.06

Total Current Assets

600.41

857.01

1053.36

1740.43

3019.37

Loans & Advances

242.48

450.67

687.33

655.85

893.31

Fixed Deposits
Total CA, Loans &
Advances

9.7

47.33

181.5

105.95

669.26

852.59

1,355.01

1,922.19

2,502.23

4,581.94

839.77

1,018.50

1,261.39

2,189.30

3,058.56

Less: Accumilated Depr.

Net Block

Differed Credit
Current Liabilities
Provisions

35.84

124.23

175.54

211.33

287.55

Total CL & Provisions

875.61

1,142.73

1,436.93

2,400.63

3,346.11

Net Current Assets

-23.02

212.28

485.26

101.6

1,235.83

1.61

2.04

2.31

15.88

1,322.37

2,139.48

3,203.05

4,073.25

6,130.74

340.61

962.83

1,439.70

968.83

2,715.05

55.77

72.13

77.3

101.42

115.67

Miscellaneous Expenses
Total Assets
Contingent Liabilities
Book Value (Rs)

Project Report of Sabir Kumar Dash (MBA) on FINANCE

Profit & Loss Account

Particulars

-------in cr. -----

March' 04

March' 05

March' 06

March' 07

March' 082

Income
Sales Turnover
Excise Duty
Net Sales

2,605.58

3,416.57

3,496.59

5,269.29

188.69

230.84

338.18

397.13

5,699.17
593.9

2,416.89

3,185.73

3,158.41

4,872.16

5,105.27

Other Income

18.27

36.52

36.91

86.55

63.38

Stock Adjustments

15.59

129.14

83

127.33

787.98

2,450.75

3,351.39

3,278.32

5,086.04

5,956.63

1,613.76

2,381.46

2,270.62

3,357.16

4,150.51

182.69

210.04

300.74

436.13

561.78

35.88

49.79

53.47

73.52

103.62

105.55

55.3

58.08

57.23

64.12

87.63

96.06

128.45

218.22

209.16

6.99

12.44

9.68

12.73

17.73

Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalized
Total Expenses

2,032.50

2,805.09

2,821.04

4,154.99

5,106.92

Mar '04

Mar '05

Mar '06

Mar '07

Mar '08

Operating Profit

399.98

509.78

420.37

844.5

786.33

PBDIT

418.25

546.3

457.28

931.05

849.71

Depreciation

106.91

130.99

136.11

216.1

252.38

Other Written Off

1.71

0.39

0.36

0.47

0.39

Profit Before Tax

232.89

357.54

236.64

557.03

367.74

-0.03

0.24

3.44

-4.63

2.6

232.86

357.78

240.08

552.4

370.34

68.58

111.92

80.35

199.41

129.36

Reported Net Profit

164.19

245.85

159.73

358.32

241.17

Total Value Addition

418.74

423.63

550.42

797.82

956.41

Preference Dividend
Equity Dividend

0.21

19.38

26.38

20.89

27.78

32.43

2.51

3.57

2.93

4.06

5.54

999.12

1,099.10

1,305.52

1,382.21

1,545.85

16.41

22.37

12.23

25.92

15.6

100

120

80

80

100

55.77

72.13

77.3

101.42

115.67

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax

Corporate Dividend Tax

Per share data(annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

Cash flow

Particulars
Net Profit Before Tax
Net Cash From Operating
Activities

-------in cr. -----

March' 04 March' 05 March' 06 March' 07 March' 082

263.62
357.81
242.77
557.73
406.66
359.18

314.42

314.33

852.64

86.71

-245.41

-803.18

-996

-1167.38

-1057.17

-114.75

513.76

823.1

313.9

1469.81

Net (decrease)/increase In
Cash and Cash Equivalents

-0.98

25

141.43

-0.83

499.34

Opening Cash &

Cash Equivalents

32.75

56.77

56.77

197.07

196.24

Closing Cash &

Cash Equivalents

31.77

31.77

198.2

196.24

695.58

Net Cash (used in)/from

Investing Activities
Net Cash (used in)/from
Financing Activities

Quarterly result

-------in cr. -----

Particulars

March' 08

June'08

Sep'08

Dec' 08

March' 09

Sales Turnover

1,496.28

1,577.43

1,094.90

844.03

1,345.84

Other Income

2.93

4.59

4.37

5.29

-3.34

Total Income

1,499.21

1,582.02

1,099.27

849.32

1,342.50

Total Expenses

1,254.10

1,345.00

922.92

1,095.28

1,151.10

Operating Profit

242.18

232.43

171.98

-251.25

194.74

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

--

--

--

--

--

Gain/Loss On Foreign
Exchange

--

--

--

--

--

VRS Adjustment

--

--

--

--

--

Other Extraordinary
Income/Expenses

--

--

--

--

--

Total Extraordinary
Income/Expenses

-36.13

--

-144.11

-144.34

-310.69

Tax On Extraordinary Items

--

--

--

--

--

Net Extra Ordinary

Income/Expenses

--

--

--

--

--

Gross Profit

245.11

237.02

176.35

-245.96

191.4

Interest

46.23

122.63

66.42

86.79

37.55

PBDT

162.75

114.39

-34.18

-477.09

-157.08

Depreciation

71.09

70.67

65.29

74.96

102.16

Depreciation On Revaluation Of
Assets

--

--

--

--

--

PBT

91.66

43.72

-99.47

-552.05

-259.24

Tax

38.55

15.3

-30.83

-173.67

-98.03

Net Profit

53.11

28.42

-68.64

-378.38

-161.21

Prior Years Income/Expenses

--

--

--

--

-0.24

Depreciation for Previous Years

Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

3.44

1.75

--

--

--

Book Value

--

--

--

--

--

Equity

30.92

32.43

32.43

32.43

32.43

Reserves

--

--

--

--

1,257.91

Face Value

Capital Structure
The Following table sets out the capital expenditure for the
Seven financial periods ended March 31, 2008

Capital
Structure
Period

Instrument

From

To

2007
2006
2005
2004
2003
2002
2001

2008
2007
2006
2005
2004
2003
2002

Equity Share
Equity Share
Equity Share
Equity Share
Equity Share
Equity Share
Equity Share

--- CAPITAL
(Rs. cr) --Authorised
95
54.9
54.9
54.9
54.9
54.9
0.9

Issued

-PAIDUP
Shares (nos) Face Value

Capital

30.92
27.64
26.11
21.98
19.98
0.05
0

154584932
138221206
130551856
109909844
99912320
50700
700

30.92
27.64
26.11
21.98
19.98
0.05
0

2
2
2
2
2
10
10

In the year ending March 31,2010 & 2011 capital structure is

expected to be approximately Rs. 1,21,000 Crores & Rs.
1,43,000 Crores respectively, for its stainless steel project &
the upgrading & maintenance of its plant.

Raw Materials

------------------- in Rs. Cr. -------------------

Mar 2008

Product Name
Steel Scrap/Sponge Iron

Unit
Metric Tonnes

Quantity
428,126

Value
2,091.44

Ferro Nickel

Metric Tonnes

7,290

693.17

Others

Not Reported

NA

376.64

Chrome Ore Lumps

Metric Tonnes

291,721

231.64

Silica Manganese

Metric Tonnes

39,764

217.44

Ferro Chrome/Charge Chrome

Metric Tonnes

18

128.81

Leco/Hard/Oil/Ash/Nut Coke

Metric Tonnes

183,358

106.98

Ferro Manganese

Metric Tonnes

20,939

101.03

Ferro Silicon

Metric Tonnes

11,229

50.17

Chrome Ore

Metric Tonnes

6,461

13.73

Manganese Ore

Metric Tonnes

7,123

11.09

Molasses

Metric Tonnes

24,575

9.67

Cold Rolled Strips (M.S)

Metric Tonnes

102

0.99

Quartz

Metric Tonnes

9,999

0.28

Total

4033.08

Of JSL Ltd.

Finished Products
Product Name

Unit

Hot Rolled Strips (S.S)

Cold Rolled Strips (M.S)

Metric Tonnes

Flats

Steel (Cold Rolled)

Metric Tonnes

High Carbon Ferro Chrome Metric Tonnes

Export Incentives

---------------------- in Rs. Cr. --------------------- Mar 2008

Installed
Production
Sales
Sales
Capacity
Quantity
Quantity
Value
NA

2,646.00

142,777.00

2,344.98

250,000

156,759.00

143,414.00

1,862.00

NA

148,725.00

145,225.00

867.44

12,000

13,854.00

14,433.00

243.08

40,000

109,908.00

36,067.00

192.54

NA

NA

NA

53.56

NA

57,079.00

39,430.00

31.51

Cold Rolled SS Blank

NA

NA

1,307.00

25.97

S.S Welded Tubes/Pipes

NA

NA

1,229.00

19.75

Chrome Concentrate

NA

25,070.00

14,532.00

15.58

Bloom/Slab

NA

937

937

11.91

Job Work

NA

NA

NA

9.97

Silico Manganese

NA

1,886.00

1,127.00

8.11

Nickel

NA

NA

39

5.41

Power

NA

82

23

2.9

Shreadded Scrap

NA

NA

1,911.00

2.3

Commission

NA

NA

NA

0.97

Other Goods

NA

NA

NA

0.97

Oxygen Gas

Millions Cu Metres

55 50,839,867.00

193,369.00

0.15

Nitrogen Gas

NA

NA

113,336.00

0.09

Steel Melting

Metric Tonnes

650,000

NA

NA

Steel Scrap/Sponge Iron

NA

NA

NA

SS Wire Rod/Round/Square -

NA

NA

NA

450,000

NA

NA

209

NA

NA

2 1,217,999.00

NA

686

NA

Plate/Stecker Mill

Metric Tonnes

Machinery (Industrial)

Numbers

Argon Gas

Millions Cu Metres

Ferro Manganese (Value

Added)
Ferro Alloys

Metric Tonnes

225,000

NA

NA

Cupro Nickel

Metric Tonnes

6,000

116

NA

Cold Rolled SS Circle

NA

NA

NA

Coins Blank

NA

NA

NA

Strip Mill/Tandem Mill

Metric Tonnes

250,000

NA

NA

Total

NA

5699.19

Of JSL Ltd.

JSL

March' 04

March' 05

March' 06

March' 07

March' 08

Face Value

Dividend Per Share

2.4

1.6

1.6

Operating Profit Per Share (Rs)

Net Operating Profit Per Share
(Rs)

40.03

46.38

32.2

61.1

50.87

241.9

289.85

241.93

352.49

330.26

Free Reserves Per Share (Rs)

50.68

67.11

69.36

91.54

105.18

Bonus in Equity Capital

--

--

19.73

18.64

16.66

Investment Valuation Ratios

Investment Valuation Ratios

JSL
Profitability Ratios
Operating Profit Margin(%)

March' 04

March' 05

March' 06

March' 07

March' 082

16.54

16

13.3

17.33

15.4

Profit Before Interest And Tax

Margin(%)
Gross Profit Margin(%)
Cash Profit Margin(%)
Adjusted Cash Margin(%)
Net Profit Margin(%)

11.86
15.64
10.97
12.49
6.64

11.75
15.4
11.69
11.68
7.63

8.87
12.04
9.24
9.33
4.98

12.64
16.01
11.55
11.79
7.2

10.25
10.45
10.15
10.15
4.63

Adjusted Net Profit Margin(%)

5.07

7.43

4.63

8.09

7.61

Return On Capital
Employed(%)

26.11

19.37

10.2

17.83

10.35

Return On Net Worth(%)

29.47

31.01

15.83

25.29

13.6

Adjusted Return on Net

Worth(%)

35.99

30.99

16.11

26.4

15.57

Return on Assets Excluding

Revaluations

55.57

71.98

77.15

101.25

114.64

Return on Assets Including

Revaluations

55.57

71.98

77.15

101.25

114.64

Return on Long Term

Funds(%)

29.39

20.12

10.93

18.47

11.31

Profitability Ratios

JSL
March' 04 March' 05 March' 06 March' 07 March' 08
0.73
1.04
1.03
0.94
1.07
Current Ratio
Quick Ratio
0.48
0.73
0.86
0.6
0.71
Debt Equity Ratio
1.37
1.7
2.17
1.89
2.4
Long Term Debt Equity Ratio
1.11
1.6
1.96
1.8
2.14

Liquidity & solvency Ratios

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio
Financial Charges Coverage
Ratio Post Tax

5.12
1.37

8.34
1.7

4.21
2.17

4.94
1.89

2.97
2.4

5.92

9.51

5.5

5.99

3.87

4.55

7.57

4.52

4.65

3.16

Debt Coverage Ratios

JSL

March' 04 March' 05 March' 06 March' 07 March' 08

Inventory Turnover Ratio

5.69

6.18

4.66

4.65

2.77

Debtors Turnover Ratio

Investments Turnover
Ratio
Fixed Assets Turnover
Ratio
Total Assets Turnover
Ratio

16.88

13.53

9.33

10.47

7.65

6.7

7.07

5.62

5.26

2.77

1.95

2.1

1.53

1.58

1.22

1.83

1.49

0.99

1.2

0.83

1.71

1.88

1.44

1.47

1.22

Asset Turnover Ratio

Management Efficiency Ratios

JSL
Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales

March' 04

March' 05

March' 06

March' 07

March' 08

66.77

74.75

71.89

68.9

81.29

44.14

43.54

47.16

51.86

61.73

3.06

2.36

3.1

3.71

3.22

40.17

32.05

35.59

46.52

34.2

Profit & Loss Account Ratios

Mar '04

Mar '05

Mar '06

Mar '07

Mar '08

Earnings Per Share

16.41

22.37

12.23

25.92

15.60

Book Value

55.77

72.13

77.30

101.42

115.67

Earning per Share Vs Book Value

Yearly result

JSL
Sales Turnover

-------in cr. -----

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

3,189.19

3,200.70

4,877.50

5,169.16

4,862.20

Other Income

5.67

17.45

18.93

27.55

10.91

Total Income

3,194.86

3,218.15

4,896.43

5,196.71

4,873.11

Total Expenses

2,679.88

2,777.40

4,052.25

4,391.97

4,514.30

Operating Profit

509.31

423.3

825.25

777.19

347.9

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

--

--

--

--

--

Gain/Loss On Foreign Exchange

--

--

--

--

--

VRS Adjustment

--

--

--

--

--

Other Extraordinary Income/Expenses

--

--

--

--

--

Total Extraordinary Income/Expenses

--

--

--

-36.13

-599.14

Tax On Extraordinary Items

--

--

--

--

--

Net Extra Ordinary Income/Expenses

--

--

--

--

--

Gross Profit

514.98

440.75

844.18

804.74

358.81

Interest

26.18

59.04

70.35

152.81

313.39

PBDT

488.8

381.71

773.83

615.8

-553.96

Depreciation

130.99

136.34

216.1

253.54

313.08

Depreciation On Revaluation Of
Assets

--

--

--

--

--

PBT

357.81

245.37

557.73

362.26

-867.04

Tax

111.96

81.76

204.72

134.14

-287.23

Net Profit

245.85

163.61

353.01

228.12

-579.81

Prior Years Income/Expenses

--

--

--

--

-0.24

Depreciation for Previous Years

Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

22.37

12.53

25.54

14.76

--

Book Value

--

--

--

--

--

Equity

21.98

26.11

27.64

30.92

32.43

Reserves

770.79

--

1,374.13

--

1,257.91

Face Value

FINDINGS :
The Short-term Liquidity of the company is satisfactory, as liquid assists of the
company shows an upward trend .
The company maintains average Inventory turnover ratio, which indicates that the
company adopted proper inventory management.
The Debtors of the company were liquid more in 2005 as compare to 2006 , 07, 08 & 09.
The Creditors turnover ratio is less than the debtors turnover ratio for all the years
from 2005 to 2009.
The Long term financing policy of the company is to finance maximum of outsiders

fund in order to take lesser risk of their investment & to increase their earnings.
The policy of the company is to finance the fixed assets through long term funds.
The long term solvency of the company is quite satisfactory as available profit for all
the years is sufficient to cover fixed interest charges.
The trend of sales of the company shown an upward except in 2006, 2007 & 2008.
The trend of the operating expenditure shows that operating expenditure has shown an
upward for all the years from 2005 to 2009.
The trend of operating profit and net profit of the company shown an upward except in
2006.

SUGGESTIONS:
Though the company is the market leader in stainless steel industry, the
company has to conduct continuous research work to develop the quality of their
product and provide it to the society at a reasonable price, as many competitors
are coming in this industry.
The company has to provide strict control over their cost of production and cost
control majors.
As the company utilize the natural resources, should ensure the maximum
utilisation of these resources, as the resources are limiting in nature.
Though the main purpose of the company is to earn profit & maximise the value
of the shareholder, still the company have certain responsibility to develop the
society. Thus the company should conduct certain welfare activities.
As the company utilize the natural resources coal, iron and chrome ores, coke for their raw material and power
generation in huge quantity, proper utilisation of raw materials will save substantially.
By and saleable products from Sewerage treatment plant required to be installed in a pace so as to market the by
products to for maximize profit for profit for sustaining in the market.
Outsourcing Inbound logistics costs and Process Improvement.

Yearly result

JSL
Sales Turnover

-------in cr. -----

Mar '05

Mar '06

Mar '07

Mar '08

Mar '09

3,189.19

3,200.70

4,877.50

5,169.16

4,862.20

Other Income

5.67

17.45

18.93

27.55

10.91

Total Income

3,194.86

3,218.15

4,896.43

5,196.71

4,873.11

Total Expenses

2,679.88

2,777.40

4,052.25

4,391.97

4,514.30

Operating Profit

509.31

423.3

825.25

777.19

347.9

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

--

--

--

--

--

Gain/Loss On Foreign Exchange

--

--

--

--

--

VRS Adjustment

--

--

--

--

--

Other Extraordinary Income/Expenses

--

--

--

--

--

Total Extraordinary Income/Expenses

--

--

--

-36.13

-599.14

Tax On Extraordinary Items

--

--

--

--

--

Net Extra Ordinary Income/Expenses

--

--

--

--

--

Gross Profit

514.98

440.75

844.18

804.74

358.81

Interest

26.18

59.04

70.35

152.81

313.39

PBDT

488.8

381.71

773.83

615.8

-553.96

Depreciation

130.99

136.34

216.1

253.54

313.08

Depreciation On Revaluation Of
Assets

--

--

--

--

--

PBT

357.81

245.37

557.73

362.26

-867.04

Tax

111.96

81.76

204.72

134.14

-287.23

Net Profit

245.85

163.61

353.01

228.12

-579.81

Prior Years Income/Expenses

--

--

--

--

-0.24

Depreciation for Previous Years

Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

22.37

12.53

25.54

14.76

--

Book Value

--

--

--

--

--

Equity

21.98

26.11

27.64

30.92

32.43

Reserves

770.79

--

1,374.13

--

1,257.91

Face Value

Poised to Join Global league of Top 10 Stainless Steel Producers Worldwide.

l

As part of the massive expansion plans across locations, JSL is setting up one of world's largest single
location fully integrated stainless
steel plant at Orissa; the 1.6 Million Tons Per Annum Greenfield Project envisages complete integration
from mining to cold rolling,
along with 500MW captive power plant.
Entailing investments of INR 2257 Million in Phase I & INR
5597 Million in Phase II, the project is being commissioned in
phases, with majority of Phase I envisaging the Ferro Alloy
shops
and thermal power already become operational in 2007 -08.
JSL Orissa Greenfield Phase I facilities include :
2 x 60MVA Ferro Chrome Furnaces with 150000Tper annum
Capacity
1 x 27.5MVA Ferro Manganese Furnace with 50000T per
annum Capacity
2 x 27.5MVA Silico Manganese Furnaces with 50000T per
annum Capacity
2 x 125MW Power Plant
Coke Oven Battery 425000T Per annum Coke
While the facilities are set up, JSL Orissa has taken care to ensure the best
eco-friendly
processes & practices. Pollution control equipments with state-of-art
technology have
been installed and emissions are ensured within norms. Further, provisions
were made
at project conceptualization stage, for dust extraction, dust suppression, bag
filters and
ESPs in all the Units.
With complete commissioning, the Orissa plant would reach a capacity of
1.6 Million Tonnes, and this along with expansion at Hisar, JSL is poised to
turn a new leaf joining the top league of leading global stainless steel
producers
in the world, with 2.5 Million Tonnes capacity.

JSL Orissa Greenfield Phase II (0.8 MTPA Stainless

Steel)
facilities include :
Stainless Steel Making & Continuous Casting Plant
100 MT EAF for Steel making
100 MT EAF for liquid Ferro Chrome
150 MT AOD converter
150 MT ladle furnace
8.5 m radius continuous bending vertical caster
Slab conditioning facilities
Rolling Mill 1.6 MTPA with provision for upgrading
to
3.2 MTPA
Cold rolling facilities HRAP (0.8 MT/Y) and WRAP

The study is restricted only to secondary data

collected from
Annual reports
Different websites
Journals.

Certain audit Report is not covered because of their confidentiality.

Concerned department heads were too busy with their schedules and time factors were a
restriction.
Analysis is done only in respect of Jindal stainless Limited, rather than whole industry.