JSW Steel Ltd. is an Indian multinational steel making company based in Mumbai, Maharashtra. It is a subsidiary of JSW Group. It is one of the fastest growing companies in India with a global footprint in over 140 countries.[2] After the merger of ISPAT steel, JSW Steel has become India’s second largest private sector steel company. The current installed capacity of the company stands at 18 MTPA.[3] A $13 billion conglomerate, with presence across India, USA, South America & Africa, the JSW Group is a part of the O.P. Jindal Group with strong footprints across core economic sectors, namely, Steel, Energy, Infrastructure, Cement, Ventures and Sports.[4] JSW’s history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). Soon after the acquisition the group set up its first steel plant in 1982 at Vasind near Mumbai. Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994, with its plant located at Toranagallu in the Ballari-Hospet area of Karnataka and External Areas of Andra Pradesh, the heart of the high-grade iron ore belt and spread over 3,700 acres (15 km2) of land. Located 340 kilometers from Bengaluru, it is well connected to both the Goa and Chennai Port. In 2005, JISCO and JVSL merged to form JSW Steel Ltd. JSW Steel formed a joint venture for a steel plant in Georgia. The company has also tied up with JFE Steel Corp, Japan for manufacturing the high grade automotive steel. JSW has also acquired mining assets in the Republic of Chile, United States and Mozambique. India’s first 12 MTPA steel plant at single location, “the fastest growing steel plant in India”. The JSW Steel Vijayanagar plant is the first integrated steel plant to reach 12 MTPA capacity in a single location. It is the first in India to use the Corex technology for hot metal production. Now other steel plants are coping the same. Salem Works in JSW Website JSW acquired SISCOL in the year 2004, a sick unit at that time. Quick turnaround of the plant was achieved by expanding capacity from 0.3 Mt to 1 Mt and switching over to value added products.
Script Name –JSW STEEL
Buy Price –726
Profit Target-734-740
Stop Loss-718
Call Duration-DELIVERY
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November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
November 18, 2021
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