Jindal Steel and Power Limited (JSPL), based in New Delhi, is a steel and energy company. JSPL is a subsidiary of the diversified O.P. Jindal Group, which has a market valuation of over Rs. 130000 crore (US$18 billion) and generates sales of over Rs. 40000 crore (US$5.5 billion).
JSPL is an industrial behemoth with a stronghold in the steel, power, mining, and infrastructure industries. The company's outstanding success narrative has been dictated primarily by its commitment to innovate, establish new standards, increase capabilities, enrich lives, and stay loyal to its beloved value system, which Mr. Naveen Jindal leads.
JSPL is a significant Indian company that aspires to enhance the nation's future and works towards constructing a better world. It is an industrial giant with strong steel, electricity, mining, and infrastructure.
JSPL's domestic steel sector creates cost-effective and efficient steel through backward and forward integration. In Chhattisgarh, Odisha, and Jharkhand, the company owns and runs cutting-edge facilities.
In 1979, Jindal Steel and Power Limited were established. In 1995, Jindal Power was established as a subsidiary to join the power business. With the debut of Jindal Panther TMT Rebars for the housing market, JSPL has entered the retail construction business. These rebars are produced at a Siemens-supplied TMT Rebar plant with a capacity of 1.0 MTPA in Patratu, Jharkhand. Jindal Institute of Power Technology (Jindal Institute of Power Technology) is a research organization and was founded to provide a pool of technically skilled power plant specialists for Indian and international power utilities. The course allows graduates to run or maintain any portion of a generating station with a capacity of 100 MW or more and the accompanying substations.
Jindal Steel and Power was one of two private enterprises to get a coalfield. After the Central Government's cut-off date, JSPL was awarded the Talcher coalfield in Angul, with 150 crores (1,500 million) metric tonnes reserves. In contrast, the government-run Navratna Coal India Ltd was denied the same. Both blocks were in Odisha and had a total value of about 2 lakh crore. They were intended for coal liquefaction. The opposition parties claimed that the government broke all the rules in awarding the coalfields. However, Naveen Jindal has denied any misconduct. Bolivian iron ore reserves are being mined. Bolivia awarded Jindal Steel development rights to one of the world's greatest iron ore deposits in the El Mutn area on June 3, 2006. The corporation aims to spend an extra US$2.1 billion in the South American nation over the next eight years, after an initial commitment of US$1.5 billion.
Due to the Bolivian government's failure to meet contractual requirements, Jindal Steel will likely cancel the deal to spend $2.1 billion to construct a steel mill in Bolivia. Local populations in Mozambique's coal-rich Tete region have been displaced and relocated due to coal activities by Jindal Steel and Power, Vale, and Rio Tinto, which have caused major and long-term interruptions in their capacity to obtain water and produce or purchase food.
JSPL has revolutionized the steel-making process in India. They are one of the country's top steel makers, with a turnover of more than $5.5 billion. They have become a steel industry forerunner thanks to their unwavering commitment to excellence, unsurpassed quality, and inventive approach.
Jindal Power Limited (JPL), a Jindal Steel & Power Limited subsidiary, has established itself as a major participant in the power sector. Its technological and management qualities have enabled the firm to make a substantial contribution to the country's expanding power demands and become the country's first private player to establish an Independent Power Plant (IPP).
With a coal and iron ore mining capacity of over 9.11 MTPA at various places in India and internationally, JSPL has been able to lessen its dependence on third parties. Thus, resulting in a significant reduction in cost and time consumption. Furthermore, owning captive mines has provided the corporation with a steady supply of high-quality raw materials.
Jindal Realty (P) Limited is establishing new competencies in real estate development in the residential and commercial categories. This is backed by the solid foundation of the Jindal Group Company, which Shri O.P. Jindal founded. Its strength comes from its determination to uphold its basic principles and thrive in its chosen industry. The company's slogan is "development with a social conscience."