Jindal Steel & Power Ltd. (JSPL), Raigarh

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Jindal Steel and Power Ltd, part of the Jindal group, is among the largest coal-based sponge iron manufacturers in India. It has a 24 per cent market share in this product segment.

 

JSPL also sells electricity to the Chhattisgarh State Electricity Board.

 

In 2003-04,JSPL's net sales stood at US$ 315 million. JSPL has the world's largest coal-based sponge iron plant at Raigarh in Chhatisgarh with an installed capacity of 6,50,000 MPTA.

 

JSPL's growth plans include expanding the finished steel making capacity to 2.9 million tonne per annum by March 2006. A US$ 270 million project envisages setting up of a coke oven battery and a sinter plant as supporting facilities.

 

The company also plans to set up a 1000 MW power plant.