Expanding to newer horizons
JSPL firmly believes that CHANGE is the only constant in life and endeavors to continuously upgrade its existing technologies, embrace new ideas, motivate its personnel and uplift the living standards of those around its plants. Adhering to these values, major expansion plans are being executed:
- Coal gasifier
- Vertical Shaft Kilns for sponge iron production ( with syn gas)
- 2 MTPA Cement plant
- 4X150 MW Power Plant
- 4x600 MW Power plant
- One more CTL line In Plate Mill
- Normalising furnace
Besides, an MOU has been signed between the company and the Government of Chhattisgarh for setting up an additional 7.0 MTPA steel plant in phases and a 1600 MW power plant with an investment of over US$ 6 billion (Rs. 30,000 crore).
11 MTPA capacity integrated steel plants and 2820 MW captive power plant in phases, with an investment of US$ 9.00 billion (Rs. 45,000 crore).
A 12.5 MTPA integrated steel plant and 2600 MW captive power plant in phases, with an investment of US$ 10.00 billion (Rs. 50,000 crore). The first phase of the 6 million tonne integrated steel plant is expected to be commissioned by 2012.
Coal to Liquid Petroleum Project
Jindal Steel & Power has been allotted the Ramchandi Promotional Coal Block in Odisha for the proposed Coal to Liquid (CTL) project by the Union Coal Ministry, Government of India. The project cost estimated to be around US$ 10 billion (Rs. 45,000 crore) includes CTL plant, coal mining and power plant. The project to be located in Tehsil Kishore Nagar, Distt. Angul, Odisha will produce 80,000 barrels per day (4.0 MMTPA) of crude using environment friendly "Indirect Coal Liquefaction Technology" developed by M/S Lurgi of Germany for the first time in India.
The prestigious CTL project is yet another feather in JSPL's cap.
Jindal Petroleum Limited
As part of its diversification process, the group has forayed into the oil and gas sector, operating under Jindal Petroleum Limited.
The company has acquired 5 Oil & Gas blocks in Georgia Mr. Naveen Jindal led a delegation to Georgia to sign contracts with the Government of Georgia for the exploration and production of the blocks, signifying the importance the company is giving to its petroleum business. The company has so far invested US$ 60 million (Rs. 280 crore) and would be investing over US$ 250 million during the next three years.
Through its 100% subsidiary Jindal Steel & Power (Mauritius) Ltd., Mauritius (JSPLM), JSPL has acquired Shadeed Iron & Steel Co. LLC (Shadeed) in Oman. Jindal Shadeed has installed a 1.5 MTPA gas-based Hot Briquetted Iron (HBI) plant with an investment of US$ 500 million and started commercial production from the Oman plant four months ahead of schedule in December 2010. The company will be setting up a steel plant and rolling steel mills in Oman in the next two years.
Through fruitful business expansions, we envision a new India and work towards creating a bright future by giving the best to our customers, employees, shareholders, associates, and to the community at large.