JSW Steel Ltd
NSE: JSWSTEEL BSE: 500228
₹1283.20
(-0.16%)
Thu, 21 May 2026, 08:48 pm
Market Cap3142.04B
PE Ratio14.06
Dividend0.22
Non-Energy Minerals
Steel
24.5KCompany History
1994
- Incorporated on March 15; received Certificate of Commencement of Business on July 8.
- Promoted by Jindal Iron & Steel Co. Ltd. and Karnataka State Industrial Investment and Development Corporation Ltd.
- Planned integrated steel plant of 1.25 million TPA hot rolled coils at Toranagallu, Bellary, Karnataka.
- Entered MOU with KSIIDC for grid support and approvals.
- Entered technical arrangement with Voest Alpine Industrieanlagenbau.
- Appointed MECON as principal consultants.
- Formed JV Jindal Tractebel Power Company Ltd for 2x130 MW power.
- Formed JV Jindal Praxair Oxygen Co. Pvt Ltd for oxygen; installed 2,500 KVA standby generators.
- Planned 2x11.5 MW diesel power plant.
1995
- Proposed pellet plant of 3 million TPA capacity and balancing facilities.
- Proposed marginal investments for 25% capacity enhancement.
- Invested in equity of JVs with Praxair Inc. and Tractebel.
- Issued 317.5 million 14% secured redeemable partly convertible debentures of Rs 40 each aggregating Rs 1,090 crore.
- Part A of debentures converted to equity shares on April 15.
- Issued 53.47 million equity shares and 635 million on PCD conversion.
- Praxair entered JV for world's largest cryogenic air separation plants.
1996
- First Corex unit slated for commissioning by October 1997.
- Signed contract for second Corex unit with VAI for commissioning by April-May 1998.
1997
- Planned commissioning of BOF and CCP units by September/October.
- Formed JV Jindal Mysore Minerals Mining Company Pvt Ltd with Mysore Minerals Ltd.
- Signed MoU on January 17 with Mysore Minerals Ltd for iron ore mining.
- Commissioned first phase of roughing mill of hot strip mill in March.
1998
- Signed contract for second Corex unit with VAI.
- Corex Plant commissioned on October 5, first in world to use technology.
- Commissioned first Corex module of 800,000 tonne capacity.
- Formed JV Vijayanagar Minerals Ltd with Mysore Minerals Ltd.
- Entered JV with British Steel for organic coated steel products.
- Government allotted mine belt in Sironi, Andhra Pradesh.
- First integrated steel plant set up after liberalisation.
1999
- Entered agreement with Steel Authority of India for slab procurement.
- In advanced negotiations with L&T for grinding unit.
- Discussed with cement manufacturers for by-product utilisation.
- Acquired 60% stake in Chemicon.
- Entered agreement with Saint-Gobain Glass India for air separation plant.
- Jindal Praxair entered take-or-pay agreement for gas supply.
2000
- Implemented total integrated resource planning solution, first steel company in India.
- Signed MoU with Indo German International Pvt. Ltd. for securitising HR coil steel.
- Signed tripartite agreement with CDSL and Karvy Consultants Ltd.
- Signed MoU with miners for iron ore fines supply to pelletisation plant.
- Deferred $125 million GDR issue.
- Appointed Andersen Consulting for financial restructuring.
- Entered liquefied petroleum gas sheets segment.
2002
- Krishna Deshika appointed as Company Secretary.
- B S Patil resigned as Director; KK Misra appointed Additional Director.
2003
- S David Chandrasekaran nominated to board by LIC of India.
- Approved consultants for consolidation of steel business with Jindal Iron & Steel Company Ltd.
- Prepaid Rs 3,834.40 million to unsecured foreign lenders.
- Appointed Dr. B N Singh as Additional Director, Jt. Managing Director & CEO.
- U Mahesh Rao resigned as Director.
- Delisted equity shares from Cochin Stock Exchange Ltd and Mangalore Stock Exchange.
2005
- Approved merger of Euro Ikon Iron & Steel Pvt Ltd, Euro Coke & Energy Pvt Ltd, and JSW Power Ltd.
- Signed contract with Siemens VAI for India's largest Blast Furnace.
- Won India Manufacturing Excellence Platinum Award in metals category.
- Won Rockwell Jury Award for Excellence.
- Won CII-EXIM Bank Commendation Certificate for business excellence.
- Won Prime Minister National Award for Excellence in Urban Planning & Design for Township.
- Changed name from Jindal Vijayanagar Steel Ltd to JSW Steel Ltd.
2006
- Appointed new CEO.
- Signed supply contract with BOC.
- Won CIO 100 - Giant 100 Honouree 2006.
- Won Gold Award for environment management.
- Won India Manufacturing Excellence Corporate Gold Award in metals category.
2007
- Planned to buy Jindal Saw's US plant.
- Won CII-Exim Bank Award commendation for business excellence.
- Won ERI Corporate Social Responsibility Award.
2008
- Launched Galvalume.
- Signed JV for development of iron ore mines.
- Acquired mining concessions in Chile.
- Inaugurated branded showroom in Ahmedabad.
2009
- Entered collaboration agreement with JFE Steel Corporation.
- Planned huge investments in India projects.
- Set to become India's largest steelmaker.
- Commissioned India's largest Blast Furnace at Vijayanagar.
2010
- Toshiba JSW held cornerstone laying ceremony for production facilities in Chennai.
- Planned to buy US mine.
- Planned takeover of Brahmani Steels.
- Won additional carbon credits.
2011
- Inked 50:50 JV with Marubeni Itochu Steel Inc. for steel processing center in North India.
- Achieved crude steel production of 600,000 tons.
2012
- Announced merger catapulting JSW Steel to top league in Indian steel sector.
- Inked agreement with JFE Steel.
- Forayed into electrical steel.
- JFE signed agreement for CRNGO electrical sheets technology.
2013
- Won Platts Global Metals Award.
- Set up Steel Processing Center with Marubeni-Itochu Steel Inc.
- Launched retail format JSW Explore.
- Acquired Heidelberg Cement India's grinding facility at Raigad, Maharashtra.
- Shifted registered office to JSW Centre, Bandra Kurla Complex, Mumbai.
2014
- Inaugurated India's most modern Cold Rolling Mill.
- Won Prime Minister's Trophy for Excellence in performance.
- Acquired Raigad unit of Heidelberg Cement.
- Acquired sponge iron maker Welspun Maxsteel Ltd for over Rs 1,000 crore.
2016
- Acquired 100% stake in JSW Praxair Oxygen Private Limited.
2017
- Launched JSW Everglow super-premium steel product in Kerala market.
2018
- Won Grow Care India Award 2018.
2019
- Crude steel production exceeded 16 million tonnes.
2020
- Launched website to help MSMEs.
2021
- Began hot-rolled plates production at Dolvi Works plant.
2022
- Signed MoU with Smartex.
- Shri Ram Chandra Prasad Singh laid foundation stone for 5 MTPA project at Vijayanagar Works.
2023
- Acquired Neotrex Steel, an under-construction project for Low Relaxation Pre-Stressed Concrete production.
- Vijayanagar Works became first manufacturer to achieve GreenPro Ecolabel for Automotive Steel products.
2024
- Acquired 100% equity interest in thyssenkrupp Electrical Steel India Private Limited.
- Won Verdantix EHS Innovation Excellence Awards EMEA 2024.
- Announced 50:50 JV with JFE Steel Corporation for production of Grain Oriented Electrical Steel in India.
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