Metals and Mining
Company Overview of JSW Steel Ltd.
JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company conducts its operations primarily through Steel, Power, and Others segments. Its portfolio of products include hot rolled coils, sheets, and plates; cold rolled coils and sheets; galvanized products; galvalume products; pre-painted galvanized products; pre-painted galvalume products; TMT bars; wire rods and steel bars; and rounds and blooms. The company is also involved in coal and iron ore mining operations in Chile, the United States, and Mozambiqu; coal loading and port operations; generating power; manufacturing pre-fabricated building systems and technologies; trading iron ore and ...
Bandra Kurla Complex
Founded in 1994
Key Executives for JSW Steel Ltd.
Chairman, Managing Director and Member of Nomination & Remuneration Committee
Total Annual Compensation: $74.5M
Joint Managing Director, Group Chief Financial Officer, Whole-Time Director, Chairman of Finance Committee, Member of Risk Management Committee, Member of Employees Stock Ownership Committee, Member of Business Responsibility/Sustainability Reporting Committee, Member of Forex Hedging Policy Review Committee and Member of Corporate Social Responsibility Committee
Total Annual Compensation: $35.0M
Deputy Managing Director, Whole-Time Director, Member of Employees Stock Ownership Committee, Member of Project Review Committee, Member of Finance Committee, Member of Risk Management Committee, Member of Business Responsibility/Sustainability Reporting Committee and Member of Corporate Social Responsibility Committee
Total Annual Compensation: $26.1M
Director of Commercial & Marketing, Whole Time Director, Marketing Professional, Member of Finance Committee, Member of Risk Management Committee, Member of Employees Stock Ownership Committee, Member of Business Responsibility/Sustainability Reporting Committee and Member of Corporate Social Responsibility Committee
Total Annual Compensation: $22.5M
Compensation as of Fiscal Year 2014.
JSW Steel Ltd. Key Developments
JSW Steel Plans to Add 2.75 Million T/Yr of Capacity in the Current Fiscal Year Ending 31 March 2015-16
Jul 2 15
JSW Steel plans to add 2.75 million t/yr of capacity in the current 2015-16 fiscal year ending 31 March, taking potential output to 17.05mn t/yr from the current 14.3 million t/yr. It plans to complete the expansion of No.1 blast furnace to 1.9 million t/yr from the current 900,000 t/yr at its 10 million t/yr Vijayanagar steel plant in south India's Karnataka state. JSW plans to expand Vijayanagar's capacity to 12 million t/yr by 2016-17. The company also expects to complete expansion of the Dolvi steel plant on the west coast in 2015-16, taking capacity to 5 million t/yr from 3.3 million t/yr. JSW will marginally increase the production capacity of its Salem steel plant in south India by upgrading the No.1 blast furnace to 1.05 million t/yr from 1 million t/yr. It has also sought approval from its board of directors to raise up to //$2.2 billion for expansion projects in 2015-16 and 2016-17 to take production capacity up to 18 million t/yr.
JSW Group Keen To Buy An IPL Team
Jul 1 15
Sajjan Jindal, Chairman of JSW Steel Ltd. (BSE:500228) expressed interest in acquiring cricket team for the Indian Premiere League through JSW Steel. Sajjan Jindal said, "Cricket is the number one sport of our country so there is an idea to acquire an IPL team. But, I cannot comment which team it would be". Jindal further commented on the buzz to acquire the IPL team of Royale Challengers Bangalore saying, "That depends on them (RCB)."
JSW In Advanced Talks To Buy RCB
Jul 1 15
JSW Steel Ltd. (BSE:500228) is in negotiation with Diageo plc (LSE:DGE) to acquire Royal Challengers Sports Pvt. Ltd. (RCB) for $100 million. RCB is the subsidiary of United Spirits Limited (NSEI:UNITDSPR).
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