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| {{Use British English|date=March 2013}}
| | #REDIRECT [[Ispat Steel]] |
| {{Use dmy dates|date=March 2013}}
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| {{Infobox company
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| | logo = File:JSW_Ispat_Steel.png
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| | name = JSW Ispat Steel Limited
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| | type = Public company
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| | traded_as = {{BSE|500305}}<br/>{{NSE|ISPATIND}}
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| | foundation = 1984
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| | location = Kalmeshwar, [[Nagpur]], [[India]]
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| | num_employees = 3,000 (2008)
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| | key_people = [[Sajjan Jindal]] (Chairman), B.K Singh (Chief executive officer)
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| | industry = Steel
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| | products = [[Sponge iron]], Hot Rolled Coils, Cold Rolled Coils, [[Galvanization|Galvanized]] Sheets/ Coils, Colour Coated Sheets
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| | revenue = {{profit}} {{INRConvert|10578.69|c}} (2010)<ref>http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500305</ref>
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| | parent = [[JSW Steel Ltd]]
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| | net_income = {{loss}} {{INRConvert|-322.34|c}}
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| }} | | }} |
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| '''JSW Ispat Steel Ltd''' (JISL) ({{BSE|500305}}, {{NSE|ISPATIND}}) was set up as Nippon Denro Ispat Limited in May 1984 by founding chairman Mr M L Mittal.<ref>{{cite web|url=http://www.ispatind.com/milestone.htm |title=Welcome to ISPAT Industries Limited |publisher=Ispatind.com |date= |accessdate=2010-10-30}}</ref> The company have operations in iron, steel, mining, energy and infrastructure. It has two integrated steel plants, located at Dolvi and [[Kalameshwar|Kalmeshwar]] in the state of [[Maharashtra]]. The {{convert|1200|acre|km2}} Dolvi complex houses the 30 [[lakh]] tonne per annum hot rolled coils plant, which combines the latest technologies – the Conarc process for steel making and the compact strip process (CSP) – introduced in Asia. The company is listed on [[Bombay Stock Exchange]] and [[National Stock Exchange of India]]. It is headquartered at [[Mumbai]] and employs about 3,000 people. '''Ispat Industries''' was ranked 5th among major next to [[Tata Steel|Tata steel]] and [[JSW Steel Ltd|JSW steel]] companies in [[India]] for the year 2008 by Business World.<ref>{{Cite document |publisher=[[Business World]] |title=Business World Industry Rankings |year=2008 |url=http://www.businessworld.in/Pdf/Industrywise_Rankings2.pdf |journal= |access-date=28 July 2009 |archive-url=https://web.archive.org/web/20110807135336/http://www.businessworld.in/Pdf/Industrywise_Rankings2.pdf |archive-date=7 August 2011 |url-status=dead }}</ref>
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| ==History==
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| Nippon Denro Ispat Limited was incorporated in 1984<ref>{{cite web|url=http://www.rediff.com/money/2002/jul/12ispat.htm |title=Ispat's Mohan Mittal makes way for son |publisher=rediff.com |date=12 July 2002 |accessdate=2010-07-16}}</ref> and was granted the first Industrial License by the [[Government of India]] for manufacturing Galvanised Plain/Corrugated Sheets. IIL was set up as a cold rolling reversing mill, in collaboration with [[Hitachi Ltd.]] of [[Japan]], to manufacture a wide range of cold rolled carbon steel strips. In 1988 it installed a colour coating line and was granted Industrial License for Cold Rolled Sheets. In 1994 Business interests within the Group were demarcated. The eldest son, Mr. L N Mittal continued managing the international operations while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focused on steel and other businesses in [[India]]. In 1994, it commissioned the world's largest gas-based single mega module plant for manufacturing [[direct reduced iron]] (sponge iron), at its [[Maharashtra]]-based Dolvi plant. In 1995 hot strip mill with Continuous Strip Processing (CSP) technology was installed at Dolvi. In 1998, integrated steel plant for the production of hot rolled coils was launched, using technologies such as the Conarc Process for steel making and the Compact Strip Process. Year 2000 saw the erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex. Sponge iron capacity was increased from 1.2 MTPA to 1.4 MTPA in the year 2003. Year 2004 saw the increase in capacity of Hot rolled coil from 1.5 MTPA to 2.4 MTPA and Sponge iron from 1.4 MTPA to 1.6 MTPA.
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| ==Major units==
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| 1. Integrated Steel Plant at Dolvi, Maharashtra
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| The Dolvi complex has a captive port located close to it on the Amba River, which opens into the Arabian Sea. This port can handle barges and mini-bulk carriers up to 4,000 Dead Weight Tonnage (DWT). Moreover, a jetty adjoining the complex is capable of handling cargo of up to 1 [[crore]] (10 million) tonnes per annum.
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| *Manufacturing Facilities:
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| ** DRI – Sponge Iron Plant
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| ** [[Blast Furnace]]
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| ** Compact Strip Production
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| 2. Integrated Steel Plant at [[Kalameshwar|Kalmeshwar]], [[Maharashtra]]
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| The integrated steel plant at Kalmeshwar uses the latest steel manufacturing technology to produce galvanised sheets and products, apart from cold rolled coils. The Kalmeshwar complex houses a total of three advanced plants – a 3.25 lakh tonnes Galvanised Plain/Galvanised Corrugated plant, a 3.3 lakh tonne Cold Rolled Coils plant and a 60,000 tonne Colour Coated Sheets plant.
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| *Manufacturing Facilities
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| ** [[Cold rolling]] mill
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| ** [[Galvanization|Galvanising]] line
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| ** Colour coating line
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| ==Takeover by JSW Steel==
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| On 21 December 2010 it was declared that [[JSW Steel]] will buy controlling interest in Ispat Industries at an [[enterprise value]] of $3 billion to emerge as [[India]]'s largest private producer of the steel with an annual capacity of 1.43 crore (14.3 million) tonnes. In June 2012, the complete merger of JSW Steel and JSW Ispat steel has been completed.
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| ==See also==
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| ==References==
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| {{Reflist}}
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| ==External links==
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| * [http://www.ispatind.com/ Ispat Industries Ltd. corporate website]
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| {{Steel industry of India}}
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| {{JSW Group}}
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| [[Category:Steel companies of India]]
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| [[Category:Companies listed on the Bombay Stock Exchange]]
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| [[Category:Companies established in 1984]]
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| [[Category:Companies based in Maharashtra]]
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| [[Category:JSW Group]]
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| [[Category:1984 establishments in Maharashtra]]
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