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| Company type | Public |
|---|---|
| ISIN | INE749A01030 |
| Industry | Steel, Energy |
| Founder | O P Jindal |
| Headquarters | New Delhi, India[1] |
Area served | Worldwide |
Key people | Naveen Jindal (Chairman)[2] Bimlendra Jha[2] (MD) |
| Products | Steel, Iron, Electricity generation and distribution |
| Revenue |  ₹50,183 crore (US$5.9 billion) (2024)[3] |
 ₹6,241 crore (US$740 million) (2024) | |
| ₹5,943 crore (US$700 million) (2024) | |
| Total assets | ₹78,715 crore (US$9.3 billion) (2024) |
| Total equity | ₹44,750 crore (US$5.3 billion) (2024) |
Number of employees | 11,178 (including 4,807 non permanent)(2024) |
| Subsidiaries | Jindal Petroleum Limited Vulcan Green Steel JSPL Machinery Jindal Cement Jindal Panther TMT Rebars Jsp Metallics Limited Jindal Infosolutions Ltd Jindal Synfuels Ltd Jindal Minerals & Metals Jindal Power Raigarh Pathalgaon Expressway Ltd. |
| Website | jindalsteel.com |
Jindal Steel Limited (JSL) is an Indian steel company based in New Delhi.[4] JSPL is a part of OP Jindal Group.[5]
In terms of tonnage, it is the third-largest private steel producer in India and the only private player in India to produce rails. The company manufactures and sells sponge iron, mild steel slabs, rails, mild steel, structural, hot rolled plates, iron ore pellets, and coils.[6] Jindal Steel set up the world's first MXCOL plant at Angul, Odisha that uses the locally available and cheap high-ash coal and turns it into synthesis gas for steel making, reducing the dependence on imported coking coal.[7]
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Operations
Angul
Recently Union Steel Minister Ram Chandra Prasad Singh inaugurated Jindal Steel's 1.4 MTPA TMT rebar mill at its integrated complex in Odisha's Angul district. [8]
Barbil
Jindal Steel's pellet plant at Barbil has a total installed capacity of 9 MTPA[9] production for different pellet grades. The plant includes a dry grinding facility that harnesses the recuperation type of straight grate technology.[citation needed]
Patratu
JSP's manufacturing facility at Patratu, Jharkhand has a total finished steel capacity of 1.6 MTPA.[10]
Nalwa Steel and Power
Nalwa Steel and Power Limited (NSPL) is an integrated steel plant in Raigarh, Chhattisgarh, India with a capacity of 0.36 million tons of finished steel per year.[11]
Listings and shareholding
The equity shares of JSPL are listed on the Bombay Stock Exchange[12] and the National Stock Exchange of India.[13]
Shareholding: On 31 March 2022, the promoter group Jindal Group held 60.5% of its equity shares. 27% of the shares were owned by the Institutional Investors. Public shareholders own approx. 12.5% of its shares.[14][15]
| Shareholders (as of 31-March-2022) | Shareholding[14][15] |
|---|---|
| Promoter Group (Jindal Family) | 60.45% |
| Foreign Institutional Investors (FII)/NRI/OCB/Trusts/Foreign national | 9.7% |
| Public | 12.5% |
| Financial Institutions/Banks/Mutual Funds/UTI/Insurance companies/Central Government | 27% |
| Total | 100.0% |
The company officially changed its name from Jindal Steel and Power to Jindal Steel Ltd. on 23 July, 2025.[16]
Initiatives
Jindal Panther TMT Rebars
JSPL has forayed into the construction retail industry with the launch of Jindal Panther TMT Rebars for the housing segment. These rebars are manufactured in 1.0 MTPA capacity TMT Rebar mill at Patratu, Jharkhand, supplied by Siemens.[17]
Jindal Institute of Power Technology (JIPT)
JIPT was established to develop a pool of technically trained power plant professionals for power utilities in India and abroad. The course authorizes the pass-outs to operate or undertake maintenance of any part or whole of generating stations of capacity 100 MW & above together with the associated substations.[citation needed]
It is promoted by Jindal Education & Welfare Society, which is supported by Jindal Power Limited. The Institute possesses a simulator of 250 MW/600 MW generating units. JIPT is located in the 4X250, 4X600 MW Jindal Tamnar Thermal Power Plant in Tamnar, Raigarh, Chhattisgarh.[citation needed]
Controversies
Involvement in coalgate scam
Jindal Steel was one of the two private companies to get a coal field in February 2009. JSL got the Talcher coal field in Angul with reserves of 150 crore (1,500 million) metric tonnes after the cut-off date by the Central Government, while the Government-run Navratna Coal India Ltd was refused.[18]
Both the blocks were in Odisha, with a combined worth of over ₹2 lakh crore, and were meant for liquification of coal. The opposition parties alleged that the Government violated all norms in granting the coal fields. Naveen Jindal, however, denied any wrongdoing.[19]
Iron ore reserve mining in Bolivia
On 3 June 2006, Bolivia granted development rights for 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.[20]
Jindal Steel is likely to terminate the contract of investing $2.1 billion in setting up a steel plant in Bolivia, due to non-fulfilment of contractual obligations by the Bolivian Government.[21]
In 2024, the International Court of Arbitration of the International Chamber of Commerce ruled in favor of Bolivia against the Indian company Jindal Steel Bolivia S.A. (JSB) that demanded compensation of 100 million dollars from the Bolivian State for the Mutún project, which is about to be completed in Santa Cruz.
The court, in its ruling, dismissed JSB's claims and declared that Empresa Siderúrgica de El Mutún (ESM) complied with all of its contractual obligations in good faith under Bolivian law. In addition, it determined that the Indian transnational must assume the costs of the arbitration, which amount to 740 thousand dollars, and pay the ESM more than 1.9 million dollars in costs and expenses, plus interest based on the yield of the bonds of the United States Treasury.[22][23]
References
- ^ "Jindal Steel Power || Home". Archived from the original on 22 February 2014. Retrieved 24 September 2010.
- ^ a b "Management Details". Jindal Steel. Archived from the original on 12 May 2020. Retrieved 5 June 2020.
- ^ "Jindal Steel and Limited. Financial Statements" (PDF). jindalsteelpower.com. Retrieved 13 May 2024.
- ^ "Jindal Steel & Power on the Forbes Global 2000 List". Forbes. 31 May 2013. Archived from the original on 2 December 2013. Retrieved 1 December 2013.
- ^ Lancelot Joseph (28 June 2021). "Amazing turnaround of JSPL". businessindia.co. Archived from the original on 19 May 2022. Retrieved 29 June 2022.
- ^ "Jindal Steel & Power Ltd". Business Standard India. Archived from the original on 9 February 2022. Retrieved 9 February 2022.
- ^ "JSPL's coal gas-based steel tech in Harvard case study". Business Standard India. Press Trust of India. 18 January 2015. Archived from the original on 8 June 2022. Retrieved 29 June 2022.
- ^ Ujjval Jauhari (30 April 2022). "Steel minister inaugurates Jindal Steel's TMT rebar mill in Angul, Odisha". livemint.com. Archived from the original on 2 July 2022. Retrieved 29 June 2022.
- ^ "JSPL's Barbil Pellet plant achieves rare production feat". The Pioneer. 28 April 2019. Archived from the original on 29 June 2022. Retrieved 29 June 2022.
- ^ "Naveen Jindal visits steel plant at Patratu". Times of India. 2 April 2022. Archived from the original on 29 June 2022. Retrieved 29 June 2022.
- ^ "Jindal arm to set up square rectangular pipes manufacturing unit in Chhattisgarh". 3 May 2023.
- ^ "Jindal Steel Limited". BSEindia.com. Archived from the original on 3 December 2013. Retrieved 2 December 2013.
- ^ "Jindal Steel Limited". NSE India. Archived from the original on 3 December 2013. Retrieved 2 December 2013.
- ^ a b "Annual Report 2020-21" (PDF). Jindal Steel. Archived (PDF) from the original on 30 October 2022. Retrieved 29 June 2022.
- ^ "Jindal Steel and Power renamed as Jindal Steel". ETInfra.com. Retrieved 30 July 2025.
- ^ "JSPL launches 'Jindal Panther' TMT Rebars". 8 August 2013. Archived from the original on 22 February 2014. Retrieved 24 February 2014.
- ^ "Coalgate: Norm violated by government to favour Naveen Jindal". IBN Live. 6 September 2012. Archived from the original on 8 December 2013. Retrieved 1 December 2013.
- ^ "Congress MP Naveen Jindal blames government for coalgate". IBN Live. 7 September 2012. Archived from the original on 8 December 2013. Retrieved 1 December 2013.
- ^ "India's Bolivian ore". The Australian. 3 December 2007. Archived from the original on 11 August 2011. Retrieved 11 September 2013.
- ^ "Jindal Steel to exit from $2-b mining contract with Bolivia". 9 June 2012. Archived from the original on 11 June 2012. Retrieved 9 June 2012.
- ^ "Corte desestima demanda de Jindal y falla a favor de Bolivia en caso Mutún". 20 June 2024. Retrieved 20 June 2024.
- ^ "CORTE INTERNACIONAL DE ARBITRAJE DE LA CÁMARA DE COMERCIO INTERNACIONAL (CCI)". 20 June 2024. Retrieved 20 June 2024.
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| Related topics | |||||||||
- Steel companies of India
- Electric power companies of India
- Hisar (city)
- Economy of West Bengal
- Economy of Haryana
- Companies based in New Delhi
- Energy companies established in 1952
- Manufacturing companies established in 1952
- Manufacturing companies based in Delhi
- Energy in Haryana
- Coal block allocation scam
- Indian companies established in 1952
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- Jindal Steel
