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JSW Steel's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). [6] Soon after the acquisition the group set up its first steel plant in 1982 at Vasind, near Mumbai. [7]
In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create JSW Steel. [8] In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading. [9]
During the early 2000s recession, heavy losses forced the company, as well as Essar Steel and JSW Steel, into debt restructurings. [2] However, the company was not able to implement a turnaround and in 2010, losses reached Rs 2,500 crore. [2] In 2010, JSW acquired a 41.57% interest in the company for ₹2157 crore and renamed it JSW Ispat Steel.
This is an accepted version of this page This is the latest accepted revision, reviewed on 18 January 2025. Indian politician (1930–2005) Om Prakash Jindal Jindal in 2001 Minister of Power, Government of Haryana In office 2005–2005 Constituency Hisar Personal details Born (1930-08-07) 7 August 1930 Hisar, Punjab Province, British India (present day Haryana, India) Died 31 March 2005 (2005 ...
Moody's Investors Service, ( " Moody's " ) has confirmed JSW Steel Limited's Ba2 corporate family rating (CFR) and Ba2 senior unsecured debt rating. The outlook has been changed to negative from ...
Steel manufacturing in Baytown began in 1970 when United States Steel opened the Texas Works near the city. The plant was officially closed in July 1986, due to a poor economic climate and the decline of American steel in the 1980s. The mill was later purchased by Jindal Steel and now operates as JSW Steel USA, Inc. [5]
Majority of the steel companies such as Jindal Stainless, JSW Steel, Bhushan Steel, Lloyd's Metal etc. were established in the 1970s and 1980s. [2] The Indian steel industry was de-licensed and de-controlled in 1991 and 1992 respectively.
Why tourists are being told to wipe their shoes before visiting the ‘world’s clearest lake’