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 Having established a strong base in the domestic market, JSPL is reaching out to gain a global foothold, exploring business avenues in high growth markets.
JSPL has acquired the development rights for 20 bn tonnes of EL Mutun Iron Ore Reserves in Bolivia, South America. It plans to invest US $ 2.1 billion (Rs. 10,500 crore) in the next few years for mining and setting up of an integrated 1.7 MT steel plant, a 6 MT sponge iron and 10 MT iron ore pellet plant. This is the largest and the first of its kind investment by any Indian company in Bolivia and also the largest foreign investment in a single project in Bolivia.
 A joint venture agreement has been signed between Jindal Steel Bolivia S.A (JSB), a subsidiary of the company and Empresa Siderurgica Del Mutun (ESM), a Government of Bolivia entity, and is valid for 40 years. The company proposes to set up mining and steel making facilities, along with the establishment of the requisite infrastructure through JSB.
The Bolivia project is anticipated to generate gainful employment for thousands of people and catalyze economic growth of the Republic of Bolivia.
- Pellet Plant: 10 MTPA
- Sponge Iron Plant: 6 MTPA
- Steel Plant: 1.7 MTPA
- Power Plant: 450 MW
The mining operation has started in Bolivia. Mr. Evo Morales, President of Bolivia also visited the site
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Jindal Steel and Power Ltd. through its subsidiary in Mauritius has acquired a substantial stake in a local oil & gas company, GTL International S.A. The company has recently struck natural gas in its maiden efforts of drilling wells in the eastern part of Bolivia. Initial estimates of natural gas are approximately 25 bcf. GTL International is expected to commercialize the gas in the second half of the financial year 2009-10. |
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JSB has taken up several CSR initiatives in the surrounding mining areas. The underprivileged people of the place will greatly benefit. Some of the areas in which the company has actively involved itself are as follows:
Health
- JSB has formed several medical and paramedical teams who carry out comprehensive medical check ups of locals. Free medicines are distributed.
- The teams work in harmony with the hospitals and medical institutions of the area and offer assistance to people free of cost.
Community Development Programmes
- Around 6,200 pets and street animals vaccinated.
- Over 200 ceiling fans have been distributed in various schools of Puerto Suarez and Puerto Quizarro.
- Donation for development of sports and games in the German Busch province area.
- Mosquito control and eradication measures (fumigation) have been taken in several areas of German Busch province, Puerto Suarez, Puerto Quijarro and Carmen Rivero Torrez.
Environmental Protection Measures For Employees
- All JSB employees are made to follow mining regulations for health and safety purposes.
- Special training is provided to employees in order to follow environmental protection norms.
- Impact of air, water, noise and other pollution levels on the environment is monitored regularly.
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