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← Older revision		Revision as of 16:50, 12 November 2021
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	{{Infobox company		{{Infobox company
	\| name = Jindal Steel and Power Ltd.		\| name = Jindal Steel and Power Ltd.
	\| logo =		\| \| logo = Jindal_logo.jpg
	\| ~~logo_size~~ = ~~250px~~		\| logo_caption =
	\| type = [[Public company\|Public]]		\| type = [[Public company\|Public]]
	\| traded_as = {{ubl\|{{BSE\|532286}}\|{{NSE\|JINDALSTEL}}}}		\| traded_as = {{ubl\|{{BSE\|532286}}\|{{NSE\|JINDALSTEL}}}}
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	\| assets = {{increase}} {{INRConvert\|89741\|c}} (2020)<ref name="Financials"/>		\| assets = {{increase}} {{INRConvert\|89741\|c}} (2020)<ref name="Financials"/>
	\| equity = {{increase}} {{INRConvert\|32035\|c}} (2020)<ref name="Financials"/>		\| equity = {{increase}} {{INRConvert\|32035\|c}} (2020)<ref name="Financials"/>
	\| num_employees = 6,153 (2020)<ref name="Financials"/>		\| num_employees = 6,153 (2020)<ref name="Financials"/>
	\| parent = Jindal Group		\| parent = [[O.P. Jindal Group]]
	\| subsid =		\| subsid =
	\| homepage = {{URL\|https://www.jindalsteelpower.com/\|jindalsteelpower.com}}		\| homepage = {{URL\|https://www.jindalsteelpower.com/\|jindalsteelpower.com}}
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	}}		}}

	'''Jindal Steel and Power Limited''' ('''JSPL''') is an Indian [[steel]] and [[Energy industry\|energy]] company based in [[New Delhi]], India.<ref name="Forbes">{{cite web \|url=https://www.forbes.com/companies/jindal-steel-power/ \|title=Jindal Steel & Power on the Forbes Global 2000 List \|work=Forbes \|date=31 May 2013 \|access-date=1 December 2013}}</ref> With turnover of approx. [[Indian rupee\|₹]]40000 [[crore]] (US$5.5 billion),<ref name="Forbes" /> JSPL is a part of about ₹130000 crore (US$18 billion) diversified Jindal Group [[Conglomerate (company)\|conglomerate]]. [[JSPL]] is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and [[power generation\|power]] through backward integration from its own captive coal and iron-ore mines.		'''Jindal Steel and Power Limited''' ('''JSPL''') is an Indian [[steel]] and [[Energy industry\|energy]] company based in [[New Delhi]], India.<ref name="Forbes">{{cite web \|url=https://www.forbes.com/companies/jindal-steel-power/ \|title=Jindal Steel & Power on the Forbes Global 2000 List \|work=Forbes \|date=31 May 2013 \|access-date=1 December 2013}}</ref> With turnover of approx. [[Indian rupee\|₹]]40000 [[crore]] (US$5.5 billion),<ref name="Forbes" /> JSPL is a part of about ₹130000 crore (US$18 billion) diversified [[O.P. Jindal Group]] [[Conglomerate (company)\|conglomerate]]. [[JSPL]] is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and [[power generation\|power]] through backward integration from its own captive coal and iron-ore mines.

	In terms of tonnage, it is the third largest steel producer in [[India]]. The company manufactures and sells [[sponge iron]], mild steel slabs, [[Ferrochrome\|ferro chrome]], iron ore, [[Carbon steel\|mild steel]], structural, hot rolled plates and coils and coal-based sponge iron plant.		In terms of tonnage, it is the third largest steel producer in [[India]]. The company manufactures and sells [[sponge iron]], mild steel slabs, [[Ferrochrome\|ferro chrome]], iron ore, [[Carbon steel\|mild steel]], structural, hot rolled plates and coils and coal-based sponge iron plant.

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{{short description|Indian multinational steel and energy company}}
{{Use Indian English|date=October 2020}}
{{Use dmy dates|date=March 2014}}
{{Infobox company
| name = Jindal Steel and Power Ltd.
| logo =
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|532286}}|{{NSE|JINDALSTEL}}}}
| founder = [[O P Jindal]]
| location = [[New Delhi]], [[India]]<ref>http://www.jindalsteelpower.com/contact/network-address.aspx</ref>
| area_served = Worldwide
| key_people = [[Naveen Jindal]] ([[Chairman]])<ref name=MgmtDetails>{{cite web |url=https://www.jindalsteelpower.com/key-management-personnel.html |title=Management Details |publisher=Jindal Steel and Power |access-date= June 5, 2020}}</ref> {{nowrap|VR Sharma<ref name=MgmtDetails/> ([[Managing director|MD]])}}
| ISIN = INE749A01030
| industry = [[Steel]], [[Energy industry|Energy]]
| products = [[Steel]], [[Iron]], [[Electricity generation]] and [[Electricity distribution|distribution]]
| revenue = {{decrease}} {{INRConvert|36943|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/steelspongeiron/jindalsteelpower/JSP|title=Jindal Steel and Power Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| operating_income = {{increase}} {{INRConvert|3903|c}} (2020)<ref name="Financials"/>
| net_income = {{increase}} {{INRConvert|-399|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|89741|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|32035|c}} (2020)<ref name="Financials"/>
| num_employees = 6,153 (2020)<ref name="Financials"/>
| parent = Jindal Group
| subsid =
| homepage = {{URL|https://www.jindalsteelpower.com/|jindalsteelpower.com}}
| footnotes =
}}

'''Jindal Steel and Power Limited''' ('''JSPL''') is an Indian [[steel]] and [[Energy industry|energy]] company based in [[New Delhi]], India.<ref name="Forbes">{{cite web |url=https://www.forbes.com/companies/jindal-steel-power/ |title=Jindal Steel & Power on the Forbes Global 2000 List |work=Forbes |date=31 May 2013 |access-date=1 December 2013}}</ref> With turnover of approx. [[Indian rupee|₹]]40000 [[crore]] (US$5.5 billion),<ref name="Forbes" /> JSPL is a part of about ₹130000 crore (US$18 billion) diversified Jindal Group [[Conglomerate (company)|conglomerate]]. [[JSPL]] is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and [[power generation|power]] through backward integration from its own captive coal and iron-ore mines.

In terms of tonnage, it is the third largest steel producer in [[India]]. The company manufactures and sells [[sponge iron]], mild steel slabs, [[Ferrochrome|ferro chrome]], iron ore, [[Carbon steel|mild steel]], structural, hot rolled plates and coils and coal-based sponge iron plant.

==Operations==
JSPL has 6 major subsidiaries:
* Jindal Power Limited which operates [[Jindal Tamnar Thermal Power Plant]] a '''1000 MW''' (4x250 MW) coal-based thermal power plant in [[Raigarh district]] in state of [[Chhattisgarh]]. This plant is fully functional.
* Jindal Steel [[Bolivia]]
* Jindal Steel and Power [[Mauritius]]
* Jindal Africa Investments
* Skyhigh Overseas

==Listings and shareholding==
The equity shares of JSPL are listed on the [[Bombay Stock Exchange]]<ref>{{cite web |url=http://www.bseindia.com/stock-share-price/jindal-steel--power-ltd/jindal-steel/532286/ |title=Jindal Steel and Power Limited |publisher=BSEindia.com |access-date=2 December 2013}}</ref> and the [[National Stock Exchange of India]].<ref>{{cite web |url=http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=JINDALSTEL |title=Jindal Steel and Power Limited |publisher=NSE India |access-date=2 December 2013}}</ref>

'''Shareholding''': On 31 March 2014, the promoter group Jindal Group held 60% of its [[Common stock|equity shares]]. 23% of the shares were owned by the Foreign Institutional Investors (FII). Around 1,00,000 individual public shareholders own approx. 8% of its shares. The remaining 9% shares are owned by others.<ref name=AR201314>{{cite web |url=https://www.moneycontrol.com/financials/jindal%20steel/results/consolidated-yearly/JSP |title=Annual Report 2013-14 |publisher=Jindal Steel and Power |access-date= September 6, 2014}}</ref><ref name=Shareholding>{{cite web |url=http://www.bseindia.com/stock-share-price/stockreach_shp.aspx?scripcode=532286&expandable=6 |title=Shareholding pattern |publisher=BSE India |date=30 September 2013 |access-date=2 December 2013}}</ref>

{| class="wikitable"
|-
! Shareholders (as on 31-March-2014)!! Shareholding<ref name=AR201314/><ref name=Shareholding/>
|-
| Promoter Group (Jindal Family)||60.41%
|-
| Foreign [[Institutional investor|Institutional Investors]] (FII)/[[Non-resident Indian and person of Indian origin|NRI]]/OCB/Trusts/[[Foreign national]]||23.18%
|-
| Public||07.81%
|-
| [[Financial institution|Financial Institutions]]/[[Bank]]s/[[Mutual fund|Mutual Funds]]/[[Unit Trust of India|UTI]]/[[Insurance]] companies/Central Government||04.13%
|-
| Bodies Corporate||04.47%
|-
| Total||100.0%
|-
|}

==Initiatives==
'''Jindal Panther TMT Rebars''' JSPL has forayed into construction retail industry with the launch of Jindal Panther TMT Rebars for the housing segment. These rebars are manufactured in 1.0 MTPA capacity TMT Rebar mill at [[Patratu]], [[Jharkhand]], supplied by [[Siemens]].<ref>{{cite news| url= http://www.dailypioneer.com/state-editions/raipur/jspl-launches-jindal-panther-tmt-rebars.html|title=JSPL launches 'Jindal Panther' TMT Rebars| date=8 August 2013}}</ref>

'''Jindal Institute of Power Technology''' (JIPT) JIPT was established to develop a pool of technically trained power plant professionals for power utilities of India and abroad. The course authorizes the pass outs to operate or undertake maintenance of any part or whole of a generating stations of capacity 100 MW & above together with the associated sub stations. It is recognized by Central Electricity Authority (CEA), Ministry of Power as Category-l Institute.

It is promoted by Jindal Education & Welfare Society, which is supported by Jindal Power Limited. The Institute possesses a simulator of 250 MW/600 MW generating units. JIPT is located in the 4X250, 4X600 MW [[Jindal Tamnar Thermal Power Plant]] in [[Tamnar]], [[Raigarh]], Chhattisgarh.

==Products==

#Rails
#Parallel Flange Beams & Columns
#Plates & Coils
#Angles & Channels
#Wire Rods
#Round Bars
#Speedfloors
#Jindal Panther TMT Rebars
#Jindal Panther Cement
#Fabricated Sections
#Semi-Finished<ref>{{Cite web|url=https://www.jindalsteelpower.com/products-overview.html|title = Products Overview}}</ref>

==Controversies==
'''Involvement in [[Indian coal allocation scam|coalgate scam]]''' Jindal Steel and Power was one of the two private companies to get a coal field in February 2009. JSPL got the Talcher coal field in Angul with reserves of 150 crore (1,500 million) metric tonnes after the cut-off date by the Central Government, while the [[Government of India|Government]]-run Navratna Coal India Ltd was refused.<ref>{{cite news |url=http://ibnlive.in.com/news/coalgate-norm-violated-by-government-to-favour-naveen-jindal/289062-37-64.html |archive-url=https://web.archive.org/web/20131208232039/http://ibnlive.in.com/news/coalgate-norm-violated-by-government-to-favour-naveen-jindal/289062-37-64.html |url-status=dead |archive-date=8 December 2013 |title=Coalgate: Norm violated by government to favour Naveen Jindal |newspaper=IBN Live |date=6 September 2012 |access-date=1 December 2013}}</ref>

Both the blocks were in [[Odisha, India|Odisha]], with a combined worth of over ₹2 [[lakh]] crore and were meant for liquification of coal. The opposition parties alleged that the Government violated all norms to grant the coal fields. Naveen Jindal, however, denied any wrongdoing.<ref name="Denial">{{cite news|date=7 September 2012|title=Congress MP Naveen Jindal blames government for coalgate|newspaper=IBN Live|url=http://ibnlive.in.com/news/congress-mp-naveen-jindal-blames-government-for-coalgate/289319-37-64.html|url-status=dead|access-date=1 December 2013|archive-url=https://web.archive.org/web/20131208232116/http://ibnlive.in.com/news/congress-mp-naveen-jindal-blames-government-for-coalgate/289319-37-64.html|archive-date=8 December 2013}}</ref>

'''Iron ore reserve mining in Bolivia''' On 3 June 2006, [[Bolivia]] granted development rights for one of the world's largest iron ore reserves in the [[El Mutún]] region to Jindal Steel. With an initial investment of US$1.5 billion, the company plans to invest an additional US$2.1 billion over the next eight years in the South American country.<ref>{{cite news| url= http://www.theaustralian.com.au/business/mining-energy/indias-bolivian-ore/story-e6frg9df-1111115015459 | work=The Australian | title=India's Bolivian ore | date=3 December 2007}}</ref>

Jindal Steel is likely to terminate the contract of investing $2.1 billion in setting up a steel plant in Bolivia, due to non-fulfilment of contractual obligations by the [[Politics of Bolivia|Bolivian Government]].<ref>{{cite news| url=http://www.thehindubusinessline.com/companies/article3508852.ece | title=Jindal Steel to exit from $2-b mining contract with Bolivia| date=9 June 2012}}</ref>

'''Coal mining in Mozambique''' In the coal-rich [[Tete Province|Tete province]] of [[Mozambique]], local communities were displaced and resettled due to coal operations of Jindal Steel and Power, Vale, and Rio Tinto, facing significant and sustained disruptions in their ability to access water and to produce or buy food.<ref>Human Rights Watch, https://www.hrw.org/node/115534/section/3</ref>

==References==
{{Reflist|2}}

==External links==
* {{official|www.jindalsteelpower.com}}

{{Steel industry of India}}
{{Nifty 200 companies}}

{{DEFAULTSORT:Jindal Steel And Power Limited}}
[[Category:Steel companies of India]]
[[Category:Electric power companies of India]]
[[Category:Hisar (city)]]
[[Category:Economy of West Bengal]]
[[Category:Economy of Haryana]]
[[Category:Companies based in New Delhi]]
[[Category:Energy companies established in 1952]]
[[Category:Manufacturing companies established in 1952]]
[[Category:Energy in Haryana]]
[[Category:Coal block allocation scam]]
[[Category:Indian companies established in 1952]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Jindal Steel and Power - Revision history

Subhah Shirin: Page refined with updated information

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