Showing posts with label Jindal Steel and Power (JSPL). Show all posts
Showing posts with label Jindal Steel and Power (JSPL). Show all posts

July 3, 2013

JSPL to buy Liberian Wologisi Iron Ore Mine

Jindal Steel and Power (JSPL) is in talks with Liberian government to acquire the West African country's largest iron ore mine Wologisi in which China has also shown interest. According to industry sources, the deal could be as big as $2 billion but it has not been finalised yet while a decision is expected by the end of September 2013, reported Bloomberg citing undisclosed sources.

According to the report, some lawmakers of Lofa County and a part of local media have also started raising voices against grant of the Wologisi mine to anyone, including JSPL, without ensuring jobs for Liberians as the country's unemployment rate is one of the highest in the world, sources said.

They further said that if the 
Wologisi iron ore mine deal goes through, JSPL may also go for setting up a 150 MW or 175 MW coal-based power plant in the West African country. The Wologisi mine is estimated to hold several billion tonnes of iron ore reserves, though they have not yet been certified. If the deal goes through, it would be the second acquisition for JSPL in Africa in last one year as it had acquired CIC Energy, which has thermal coal assets in Botswana, in September, 2012 and also JSPL (Jindal Steel and Power) will be the second Indian firm after Vedanta group's Sesa Goa to invest in Liberia.

Here it may be recalled that in March this year, JSPL abandoned its plans to acquire iron ore company Afferro Mining citing low grade magnetite deposits and high costs concerned with the beneficiation of the ore. Incidentally, JSPL wrote off more than $90m after shelving an iron ore project in Bolivia in 2012.

In fact, JSPL has been negotiating with many African countries for securing iron ore mines as part of its overseas expansion. In a recent interview JSPL's Managing Director and CEO Ravi Uppal told PTI "This year we have a capital expenditure target of Rs 12,000 crore for both steel and power together. Next year, it will be about Rs 11,000-12,000 crore, so it will be about Rs 24,000 crore investment in 2 years”. the company will be commissioning new steel mills in Odisha's Angul and in Oman and a new power plant of 2,400 MW capacity in Chhattisgarh's Tamnar. Together with completion of current phase of expansion, JSPL (Jindal Steel and Power) is also gearing up for doing preparatory work on its next phase of expansion, Uppal said, adding that his focus is on beginning phase-II of Angul steel plant and a 1,320 MW power plant in Jharkhand's Godda.

At present Jindal Steel and Power Limited (JSPL) is the largest coal-based producer of sponge iron in Asia and the second in the world. After the completion of current phase of expansion, this India based Steel and Power company will have steel production capacity 7.5 million tonnes per annum (MTPA) from existing 3.5 MTPA, while its power generation capacity will increase to 5,000 MW from existing 2,500 MW.

 (Source: The Business Standard)

February 2, 2013

JSPL targets Gujarat NRE Coking Coal

Jindal Steel and Power (JSPL) recently came up with an all-cash offer of Aus $221.61 million (about ₹ 1,200 crore) to buy out Gujarat NRE Coking Coal, the Australian subsidiary of Calcutta-based Gujarat NRE Coke, listed on the BSE and NSE also the largest Indian manufacturer of metallurgical coke.

The deal could help JSPL to take full control of two coking coal mines, with an estimated reserve of about 651mt, that Gujarat NRE has in Australia and meet its raw material needs. It may be recalled here that Gujarat NRE already supplies coking coal to JSPL (Jindal Steel and Power) from the New South Wales mines. In May 2012, the Naveen Jindal-led JSPL had acquired 10.07% stake in Gujarat NRE Coking Coal Ltd (GNCCL), for about Aus $25 million (about ₹ 135 crore) while JSPL also signed a long term contract to buy 5mt of coking coal over a 10-year period from it. See JSPL raised its stake in GLCCL, the Australian subsidiary of Gujarat NRE

JSPL has been in search of coking coal mines abroad as the geological reserve of this crucial raw material in steel making through the blast furnace route is limited in India. See article Suitability and Characterization of Coal for Sponge Iron Making

The company also produces power and is on the lookout for thermal coal as well. It operates coal mines in South Africa and Mozambique. Navin Jindal bought Canada’s CIC Energy Corp, which is developing a coal mine in Botswana in 2012 after a failed attempt by his brother Sajjan Jindal’s JSW Steel. At present, Gujarat NRE Coking Coal sells most of its output to its parent Gujarat NRE Coke Ltd at market price on arm’s length terms.

In a filing to the Aussie bourse, JSPL, which is already a minority shareholder in Gujarat NRE Coking Coal with a 19.48 per cent stake, said it was making the unconditional offer to all shareholders of the company

“The Aus $0.20 cash offer allows Gujarat NRE Coking Coal’s shareholders to realise full and fair value of their shares in a volatile equity market. The offer represents an attractive premium of 5 per cent on the closing share price of Aus $0.19 on January 29,” JSPL vice-chairman Vikrant Gujral said in a letter to Gujarat NRE Coking Coal shareholders. The JSPL offer of Aus $0.20 per share represents a premium of 5 per cent over the January 29 closing price of Gujarat NRE Coking Coal on the Australian Securities Exchange (ASX).
(Source: The Telegraph)

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August 24, 2012

JSPL raised its stake in GLCCL, the Australian subsidiary of Gujarat NRE

Jindal Steel and Power (JSPL) has picked up an additional 2.67% stake in GLCCL (Gujarat NRE Coking Coal Ltd) - Gujarat NRE Coal's Australian subsidiary - for Aus $7.5 million (about Rs 43.44 crore), taking its holding to 12.74%.
"The securing strong off-take partners is important as we continue the expansion of our two mines to our planned levels of over 6 MTPA and the placement funds will be utilised in our expansion project," the company's Executive Chairman Arun Kumar Jagatramka said in the statement. According to the sources, Gujarat NRE will also sell 200000 tonnes of raw coal (run-of mine coal) annually to JSPL at a benchmark linked price.  
In May, the Naveen Jindal-led JSPL had acquired 10.07% stake in Gujarat NRE Coking Coal Ltd (GNCCL), for about Aus $25 million (about Rs 135 crore). While acquiring stake in GNCCL in May, JSPL had also signed a long term contract to buy 5 million tonnes of coking coal over a 10-year period from gnccl, the Australian subsidiary of Gujarat NRE.
Of late, JSPL has been on an acquisition spree. During the last four months, JSPL has made two strategic investments - 9.25% stake in Australian natural resource assets Apollo Minerals and 10.07% stake in GNCCL. 
Besides, JSPL had also entered into a deal to acquire Canada's CIC Energy, which has 2.6 billion tonnes of high quality thermal coal mines in Botswana, for over Rs 600 crore in the last month.
(Source: Financial Express)

       Jindal Steel and Power (JSPL) Related Earlier Posts

June 25, 2012

JSPL searching alternative to its Jindal Steel Bolivia deal

Jindal Steel and Power Ltd (JSPL)

Jindal Steel Bolivia (JSB)

According to Reuters Jindal Steel and Power Ltd (JSPL) has started searching alternative coal and iron ore projects in South America, as well as in Africa and Australia following disagreement with Bolivia over land and power supplies for it $2.1 billion project in the country for iron ore mining, pelletisation (10 million tonnes annually), DRI (6 million tonnes every year) and steel making (1.7 million tonnes each year). JSPL blamed that in spite of its several requests and reminders; the Bolivian Government did not act as per the agreement to supply the natural gas and also failed to provide enough land for the project.

Earlier on 9th June Jindal Steel and Power Ltd (JSPL), one of India’s major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure, had sent a warning that it could terminate a $2.1 billion contract to mine iron ore and set up a steel plant in Bolivia due to "non-fulfillment of the contractual obligations" by the Bolivian government. As a first step Jindal Steel Bolivia (JSB), a subsidiary of Jindal Steel and Power Ltd (JSPL), had served its “intent to terminate the contract” and the Bolivian government had 30 days to resolve the issues, failing which JSPL could terminate the contract within 7 days thereafter. [JSPL Warns to Terminate $2.1 Billion Contract with Bolivia]
"For the last five years we were so focused on Bolivia that we stopped looking as well, but now we are looking elsewhere. We know we can make it happen elsewhere," Jindal said in an interview on the sidelines of the AMM Steel Success Strategies conference.
"If they respond to that favorably, then we can talk. We are keen to do the project, but on fair terms”, Jindal said. "So if they offer one fourth of the amount of gas which they had promised before, they have to realize that the whole project has to be reconfigured." "If they resolve it, we are happy to invest, otherwise there are many other investment options all over the world," he said.

However, withdrawal from the Bolivian project could cost Jindal Steel (JSPL) about $200 million. Still the company will seek an alternative since it could be also a part of the company's plan to raise its self-sufficiency in raw materials from 70 percent at present to around 90 percent by 2015.

June 11, 2012

JSPL Warns to Terminate $2.1 Billion Contract with Bolivia

Jindal Steel and Power Ltd (JSPL)

Jindal Steel Bolivia (JSB)

Jindal Steel and Power Ltd (JSPL), a part of the over US $ 15 billion diversified O P Jindal Group and one of India’s major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure, said on Saturday (9th June) that it could terminate a $2.1 billion contract to mine iron ore and set up a steel plant in Bolivia due to "non-fulfillment of the contractual obligations" by the South American government.
Earlier in 2007, Jindal Steel and Power Ltd (JSPL) had signed a pact with the Bolivian government to invest $2.1 billion for iron ore mining, pelletisation (10 million tonnes annually), direct reduced iron (6 million tonnes every year) and steel making (1.7 million tonnes each year). This was the largest proposed investment by an Indian company in South America, also the largest by a foreign company on a single project in Bolivia.
According to the terms of the contract, Bolivia was to sign a pact for supply of 10 million cubic meter per day of natural gas, within 180 days of signing of the contract, but the same hasn't happened. However, the Government of Bolivia is now willing to commit only 2.5 mcd of gas from 2014 onwards due to non-availability of gas in the country, whereas the company is being asked to make investment according to capacities originally envisaged under the joint venture contract, the statement said. JSPL also blamed that Bolivian Government has not provided enough land for the project until 2010, and that has delayed the project, it said.
The company said that it has up offices and deployed manpower soon after entering into a contract with Bolivia in 2007. According to the JSPL sources, it has invested more than $90 million on this project and has made commitments to invest an additional $ 600 million till March 2012 for purchase of technology, machinery and other equipment and advances to vendors, it said.
As of now, the company said that Jindal Steel Bolivia (JSB), a subsidiary of Jindal Steel and Power Ltd (JSPL), had served its “intent to terminate the contract” and the Bolivian government had 30 days to resolve the issues, failing which JSPL could terminate the contract within 7 days thereafter.
“In case the government of Bolivia comes out clean and informs as to how much gas it can actually supply and agrees to reconfigure the plant capacity and investment and amend the contract JSPL can consider staying back,” a Jindal Steel statement said.

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December 19, 2010

Indian Steel Industry: An account of Public and Private Sector Steel Plants in India

Indian Steel Industry
Steel is the backbone and crucial to the growth of modern economy. A country’s index of socio-economic development can be judged from the production and its per capita consumption of steel. That is why iron and steel industry is called a ‘Key Industry’. India is, most probably, the only country in the world bestowed with the two most important ingredients for making and selling steel – Raw Material (Iron ore) and Customers (Population) – and both of them in plenty. So, these days everyone is looking at India as the world’s next steel hub, be it the mighty foreign steel makers, India’s major ones or, the world’s renowned steel researchers and market watchers. It’s a unanimous voice that India is the country where one can make steel, of course, at a very competitive cost and sell it too and so, ‘additional-capacity-for-steel’ is the buzz word, be it the first generation producers or, the existing ones.
The Indian Steel Industry did remarkably well as compared to the rest of the world (with exception of China) during the recent difficult phase of the world economy. Even while the global production dipped by over 8% in 2009, the Indian Steel Industry registered a decent growth. In fact, Indian Steel Industry was the third fastest growing steel industry in the world next only to China. The demand for Indian steel was growing at 8-9% as against a global average of 5-6%. According to the Short Range Outlook of World Steel Association (WSA), India’s steel demand maintained stable growth during the recent crisis and is expected to grow by 13.9% and 13.7% in the years 2010 and 2011 respectively after a growth of 7.7% in 2009. During 2009-10 the steel production in India was 64.88 million tones, registering a growth of almost 11% from the previous year. New technologies like COREX and new sectors like colour coated steel, galvanizing steel have been introduced successfully.
According to Honorable Union Steel Minister of India, Shri Virbhadra Singh speaking at a National Media Conference held recently in India, the steel industry’s contribution to the country’s GDP is nearly 2% providing employment over 500000 (Five lakh) people. Currently, India is the world’s largest producer of sponge iron and third largest producer of crude steel after China and US. With a targeted production capacity of 124 million tones, then country is expected to become the second largest by 2015. With per capita steel consumption in India, at around only 45 kg, still being much lower than global averages, the opportunities for growth are immense. India’s steel use will reach 71.6 MT in 2011 according to the Short Range Outlook of World Steel Association.  
Bokaro Steel Plant image
The structure of the Indian Steel Industry can be divided into the following sectors:
Primary Producers The integrated steel plants (ISPs) who convert iron ore into steel through Coke oven-BF-BOF route e.g. SAIL (Steel Authority of India Ltd), RINL’s (Rashtriya Ispat Nigam’s) Vizag Steel Plant, all Public Sector units and Tata Iron and Steel Company (TISCO), which have among them nine operational units.
Secondary Producers The mini steel plants (MSPs), which make steel by melting, scrap iron or a mixture thereof in an Electric Arc Furnace (EAF) or an Induction Furnace (IF). At present there are about 190 Electric Arc Furnace (EAF) and 970 Induction Furnace (IF) in this sector in India. 
Small Producers These include small scale stand alone processors making pig iron and sponge iron, hot and cold rolling units, re-roller units, galvanizing and tin plating units.
After the liberalization of the Indian steel sector in 1992, steel plants came up in a big way in the private sector. In the Private Sector, the private companies can be termed as corporations, sole proprietorships, business trusts while depending on their organizational know-how. In the Public Sector, the Public Companies are termed as corporations owned by the government while the ownership of possessions and concern is communal by the people. The importance regarding a public company is called its marketplace capitalization and the rising of funds is done throughout the retailing of its securities. Some examples of Public Sector steel plants are Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Limited (RINL), National Mineral Development Corporation Limited (NMDC), Metal Scrap Trade Corporation Limited (MSTC) and Bharat Refractories Limited (BRL), etc. while important steel plants in Private sector in India are such as Tata Iron and Steel Company (TISCO) or Tata Steel, JSW Steel, Bhushan Power and Steel Limited, Essar Steel, Jindal Steel and Power Limited (JSPL), etc. 
According to the figures of JPC (Joint Plant Committee) report, the share of the private sector producers in India’s total gross production of carbon finished steel in 2001-02 was 67.5% which touched a level of 79% in 2009-10.  


(in million tones per annum)
1950 – 51
1960 – 61
1970 – 71
1980 – 81
1990 – 91
1997 – 98
2004 – 05
2009 – 10
Public Sector Steel Plants
Steel Authority of India Ltd (SAIL) is the largest producer of iron and steel in India. With its commercial office in New Delhi SAIL produces iron and steel at five integrated steel plants:
1. Bhilai Steel Plant (BSP) at Bhilai, Chhattisgarh
2. Durgapur Steel Plant (DSP) at Durgapur, West Bengal
3. Rourkela Steel Plant at Rourkela, Orissa
4. IISCO Steel Plant (ISP) at Burnpur, West Bengal                          
5. Bokaro Steel plant (BSL) at Bokaro, Jharkhand.
Besides, SAIL has four special steel, alloy-steel plants:
1. Alloy Steels Plant (ASP) at Durgapur, West Bengal
2. Salem Steel Plant (SSP) at Salem, Tamil Nadu
3. Visvesvaraya Iron and Steel Plant (VISL) at Bhadravati, Karnataka    
Rourkela Steel Plant graphic
Rourkela Steel Plant
The plants at Chandrapur and Bhadravati are subsidiaries of SAIL. These plants are located mainly in the eastern and central regions of India and situated close to domestic sources of raw materials, including the company’s iron ore, lime stone and dolomite mines. SAIL has distribution network across the country with 65 warehouses and network of dealers in all the districts of India. The IISCO-Ujjain Pipe and Foundry Company Limited, a subsidiary of IISCO, manufactures cast iron spun pipes at its  works at Ujjain. Besides, Steel Authority of India Ltd. (SAIL) has seven central units –
=> Research and Development Center for Iron and Steel (RDCIS), Center for Engineering and Technology (CET), Management Training Institute, all located at Ranchi (Jharkhand)
=> Central Coal Supply Organization located at Dhanbad (Jharkhand)
=> Raw Materials Division, Growth Division, and Environment Management Division, all located at Kolkata (West Bengal)
The promotion of products of SAIL plants is done by the Central Marketing Organization, Kolkata (erstwhile Calcutta). Steel Authority of India Ltd. (SAIL) is in the process of modernizing and expanding its production units, raw material resources and other facilities to maintain its dominant status in the Indian Steel Industry. The company plans to increase its capacity and production by 70% by 2010-11 by spending 530 billion INR. Some other key objectives of SAIL’s expansion plan include –
=> 100 per cent production of steel through BOF (Basic Oxygen Furnace) route.
=> 100 per cent processing of steel through continuous casting method.
=> Adherence to energy saving schemes, environment norms etc.
=> Post-expansion production target of Hot Metal, Crude Steel, Saleable Steel 26.2, 24.6 and 23.1 million tones per annum respectively.
Bhilai Steel Plant image
Bhilai Steel Plant
Rashtriya Ispat Nigam Limited (RINL) having its registered office as well as one integrated steel plant (VSP) at Vishakhapatnam. VSP is India’s primary shore-based public sector incorporated steel plant.
National Mineral Development Corporation Limited (NMDC) has its head office at Hyderabad. NMDC’s business is to increase mineral resources, with coal, oil, natural gas and atomic minerals. At present its actions are concerned on drawing out of iron ores and diamonds. National Mineral Development Corporation Limited (NMDC) operates computerized iron ore mines in India at Bailadila and Donimalai and diamond mines at Panna. Jammu and Kashmir Mineral Development Corporation Limited (J&KMDC) is a subsidiary company of NMDC, included for increase of various minerals in the state of Jammu and Kashmir.
Metallurgical and Engineering Consultants Limited (MECON) situated in the heart of Ranchi city provides all type of Consultancy and Engineering Services including design, lay-out, type of refractory lining etc. to  both ferrous and non-ferrous metallurgical units. 
NMDC Plant image
National Mineral Development Corporation Limited 
(NMDC) Plant
Kudermukh Iron Ore Company Limited (KIOCL) with its head office situated at Bangalore is the country’s 100% export oriented unit. It exports iron ore concentrate and pellets, both Blast Furnace and DR Grade, to many countries such as Japan, China, Indonesia, Iran, Turkey, Australia, and Taiwan etc.
Metal Scrap Trade Corporation Limited (MSTC) has its commercial office in Kolkata. It is engaged in introducing carbon steel melting scrap for Mini Steel Plants (MSPs) in the country. The company also undertakes the removal of ferrous and miscellaneous scrap arising from integrated steel plants under SAIL and RINL and disposal of scrap, surplus stores etc. from other public units and governments. Ferro Scrap Nigam Limited (FSNL) is a supplementary of MSTC (Metal Scrap Trade Corporation Limited) and undertakes the revival and dispensation of scrap from slag disposals of various steel plants.
Manganese Ore (India) Limited (MOIL) with its center of operations at Nagpur is the producer of Manganese ore in India. MOIL produces and sells all grades of manganese ore including high grade manganese ore required for the production of Ferro-Manganese, Blast Furnace grade ore required for the production of Hot Metal and Dioxide ore required for the production of dry battery cells.
Sponge Iron India Limited (SIIL) headquartered at Hyderabad was established as a display of Sponge Iron Plant to set up the techno-fiscal viability of producing sponge iron from lump iron ore and 100% non-coking coal. The plant is intended both for production of sponge iron and for Research and Development work.  

Sector/Plant wise Production of Crude Steel in India
 during 2009-10 and 2008-09 (‘000 tones) 
Production during
Variance (%)
Main Producers
Steel Authority of India (SAIL)
Bhilai Steel Plant
Durgapur Steel Plant
Rourkela Steel Plant
Bokaro Steel Plant
Indian I&E Steel Plant
Alloy Steel Plant
Salem Steel Plant



– 1.4
– 4.1
Total SAIL Plants
Tata Steel
Total Main Producers
Major Secondary Producers
ISPAT Industries
Essar Steel
Total Major Secondary Producers
Other Producers

Grand Total Production



         Source: JPC (Joint Plant Committee) report
Private Sector Steel Plants
Tata Steel or Tata Iron & Steel Company (TISCO) located at Jamshedpur is the oldest integrated steel plants in India having started its production in February 1912. 
Tata Steel Image
It is the flagship company of Tata Sons one of the best-known symbols of India’s industrial development. Tata Steel is exporter of lofty quality and worth added steel products. Tata Steel’s products comprise of HR coils, tubes, rods, bars, structural, strips, sheets and bearings. Tata Steel (TISCO) is incorporated with actions ranging from mining of raw materials to finished steel products. Following its new acquisitions, Tata Steel is now a multinational one having operations in many countries. Its Jamshedpur plant contains the DCS supplied by Honeywell while having its registered office in Mumbai, the so-called business capital of India. Tata Steel launched the world’s first branded C.R product in the name of “Tata Steelum”. Tata Steel’s world-class Cold Rolling Mill Complex at Jamshedpur has given a new dimension in the production of Cold-Rolled steel to India.
JSW Steel is one of the largest incorporated private steel producers in India so far the provision of capacity is concerned. JSW Steel has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact JSW Steel is one of the principal manufacturers of cold rolled, galvanized, and colour coated steel with its developed service facilities at Vasind and Tarapur near Mumbai in Maharashtra. The company is working hard to achieve the target capacity of manufacturing around 32 million tones of steel per annum. 
Jindal South West Steel Limited formerly known as Jindal Vijayanagar Steel Plant (JVSL) had opted for the COREX – BOF route for producing HR Coils. The COREX process of VAI, Austria (now Siemens VAI) has low emission levels and helps in the generation of medium calorific value export gas offering a clean source of power. The plant is situated at Torangallu in Karnataka had an initial capacity of 1.6 million tones per year (MTPA), which has been expanded to 6.6 MTPA.
Jindal Steel and Power Limited (JSPL) is the largest coal-based producer of sponge iron in 
JSPL plant graphic
Asia and the second in the world. JSPL’s plant situated at Raigarh in Chhattisgarh was the first producer of longest finished rails in the world. It is also producing hot-rolled parallel flange beams and columns as well as Larsen U-type piles for the first time in India.
Essar Steel Limited is another India - based leading steel producer in private sector in India as well as in some other countries. Essar Steel is fully integrated from mining to retail and has strong downstream capability with a global retail capacity in excess of 3 million tones per annum (MTPA). Essar Steel has in its basket many customized products catering to a variety of product segments. It is also India’s largest exporter of flat products to the US and European markets, and to those of South East Asia and the Middle East countries. Hazira Steel Complex near Surat (Gujarat) and Vishakhapatnam Pellet Complex are some manufacturing units of Essar Steel in India. It is the largest steel producer in western India with a capacity of 10 MTPA at Hazira Steel Complex having a complete infrastructure setup including a captive port, lime plant and oxygen plant. The Vishakhapatnam Pellet Complex has a capacity of 8 MTPA while Essar Steel possesses an 8 MTPA beneficiation plant at Bailadila and the world’s largest capacity Hot Briquetted Iron (HBI) plant with MIDREX technology at Hazira (later integrated it with DC–EAF and hot strip rolling mill with a capacity of around 5 MTPA). Essar Steel has recently acquired all the assets of Shree Precoated Steel Limited (SPSL) of Pune in India. The capacity of Shree Precoated Steel Limited (SPSL) Colour Coated Line is 400000 TPA (ton per year), of Cold Rolling Mill is 600000 TPA of Galvanizing Mill is 500000 TPA, and of Pickling Line 650000 TPA. With aggressive expansion plans in India, as well as Asia and the US, Essar Steel has a target to achieve a capacity of 14 MTPA by 2011-12. 
[Essar Steel starts second Conarc Furnace].                              
Bhushan Power and Steel Ltd. having head office in New Delhi is a manufacturer of flat, round and long products as well as value added products having a whole steel value chain ranging from coal mining, billets, HR coils, pig iron, CR coils, GP/GC, precision tubes, black pipe/GI pipe, cable tapes, tor steel, wire rod and special alloy steel.
Bhushan Steel and Strips Ltd. has a state-of-the-art 6-Hi Universal Crown Mill supplied by Hitachi of Japan and the process know-how is also from Sumitimo of Japan with auto shape control. Bhushan Steel and Strips Ltd. is producing CR coils up to 1600 mm width at its Shahibabad plant is one of the leading suppliers of Cold-Rolled products to India’s automotive industry.
Ispat Industries Limited has installed the world’s first MEGAMOND Midrex unit and later integrated it with a unique technology of utilizing DRI (Direct Reduced Iron) and BF (Blast Furnace) hot metal as metallic charge in its Twin-shell CONARC EAF (Electric Arc Furnace) followed by thin slab casting and strip rolling with SMS Demag (now SMS Siemag) technology of Germany. Ispat’s plant at Dolvi near Mumbai had an initial capacity of 1.2 MTPA which has been expanded to 3.6 MTPA. Ispat was the first Indian steel producer with thin slab casting facilities and was the country’s first producer of colour coated sheets.       
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