With its timeless business philosophy JSPL is primed to not merely survive but win in a marketplace marked by frenetic change. Indeed, the company’s scorching success story has been scripted essentially by its resolve to innovate, set new standards, enhance capabilities, enrich lives and to ensure that it stays true to its haloed value system. Not surprisingly, the company is very much a future corporation, poised to become the most preferred steel manufacturer in the country.
JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors. Part of the US $ 18 billion OP Jindal Group this young, agile and responsive company is constantly expanding its capabilities to fuel its fairy tale journey that has seen it grow to a US $ 3.3 billion business conglomerate. The company has committed investments exceeding US $ 30 billion in the future and has several business initiatives running simultaneously across continents.
Led by Mr Naveen Jindal, the youngest son of the legendary Shri O.P. Jindal, the company produces economical and efficient steel and power through backward and forward integration.
From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to markets across the steel value chain. The company produces the world's longest (121-meter) rails and it is the first in the country to manufacture large-size parallel flange beams.
JSPL operates the largest coal-based sponge iron plant in the world and has an installed capacity of 3 MTPA (million tonnes per annum) of steel at Raigarh in Chhattisgarh. Also, it has set up a 0.6 MTPA wire rod mill and a 1 MTPA capacity bar mill at Patratu, Jharkhand, a medium and light structural mill at Raigarh, Chhattisgarh and a 2.5 MTPA steel melting shop and a plate mill to produce up to 5.00-meter-wide plates at Angul, Odisha.
An enterprising spirit and the ability to discern future trends have been the driving force behind the company's remarkable growth story. The organisation is wedded to ideals like innovation and technological leadership and is backed by a highly driven and dedicated workforce of 15000 people.
JSPL has been rated as the second highest value creator in the world by the Boston Consulting Group, the 11th fastest growing company in India by Business World and has figured in the Forbes Asia list of Fab 50 companies. It has also been named among the Best Blue Chip companies and rated as the Highest Wealth Creator by the Dalal Street Journal. Dun & Bradstreet has ranked it 4th in its list of companies that generated the highest total income in the iron and steel sector.
Alongside contributing to India's growth story the company is driving an ambitious global expansion plan with its sights set on emerging as a leading transnational business group. The company continues to capitalise on opportunities in high growth markets, expanding its core areas and diversifying into new businesses. In Oman (Middle East), the company has set up a US $ 500 million, 1.5 MTPA gas-based Hot Briquetted Iron (HBI) plant. It has now added a 2 MTPA integrated steel plant.
In Africa, the company has large mining interests in South Africa, Mozambique, Namibia, Botswana and Mauritania and is expanding into steel, energy and cement. In Australia, the company is investing in greenfield and brownfield resource sector companies and projects to supplement its planned steel and power projects in India and abroad.
In Indonesia, the company has invested on the development of two greenfield exploration assets. It is also exploring investment opportunities in the power and infrastructure sector in Indonesia.
The company endeavours to strengthen India's industrial base by aiding infrastructural development, through sustainable development approaches and inclusive growth. It deploys its resources to improve infrastructure, education, health, water, sanitation, environment and so on in the areas it operates in. It has won several awards for its innovative business and social practices.