Jindal Steel and Power Limited

Infobox Company
company_name = Jindal Steel and Power Ltd.
company_
company_type = Private
foundation = 1952 Hisar, Haryana, India
location = flagicon|IND Hisar, Haryana, India
key_people = flagicon|IND Savitri Jindal, Chairman
P.R. Jindal, Sajjan Jindal, Ratan Jindal, Naveen Jindal
industry = Metals, Energy, Ports
products = Steel and Power
revenue = gain रू. 86.995 billion (~ US$4 billion) (F.Y. 2007) [http://www.bseindia.com/qresann/result.asp?scripcd=500228&scripname=JSW+Steel+Ltd&quarter=MC2006-2007&type=53.5 F.Y. 2006]
operating_income =
net_income =
num_employees = 7001
parent =
subsid =
homepage = [http://www.jindalsteel.com JindalSteel.com]
footnotes =

Jindal Steel and Power Limited., is India's third largest steel and Steel Authority of India Limited. The company manufacturers sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, and coal based sponge iron plant. The company is also involved in power generation.

Jindal Steel and Power is a part of the Jindal Group, founded by O. P. Jindal (1930-2005). In 1969, he started Pipe Unit Jindal India Limited, one of the earlier incarnations of his business empire. After Jindal's death in 2005, much of his assets were transferred to his wife, Savitri Jindal. Jindal Group's management was then split with Naveen Jindal as the Managing Director of Jindal Steel and Power Limited. His elder brother, Sajjan Jindal, is currently the head of ASSOCHAM, an influential body of chambers of commerce and is the head of JSW Group, part of O.P. Jindal Group, which had a market cap of US$3.7 billion. [http://www.jsw.in/organization/overview.shtml] The total market cap of the O.P. Jindal Group is evaluated at US$10 billion. [http://www.jindalsteelpower.com/group-overview.html]

On June 3, 2006, Bolivia granted development rights for its largest, and 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. [ [http://www.theaustralian.news.com.au/story/0,25197,22858026-5005200,00.html India's Bolivian ore | The Australian ] ]

Savitri Jindal is the 19th richest Indian in the world according to Forbes.

ee also

* O. P. Jindal

References

External links

* [http://www.jindalsteelpower.com Official website]
* [http://news.bbc.co.uk/2/hi/business/5042428.stm BBC article about Bolivian deal]
* [http://www.avantishanti.de/PUCLReponKalinganagar.pdf PUCL Report on Kalinganagar]