STEEL INDUSTRY

INTRODUCTION
TRENDS AND DEVELOPMENTS IN STEEL SECTOR
• India continues to remain the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel soon. • India remains to be the world‟s largest producer of direct reduced iron (DRI) or sponge iron. • The per capita steel consumption has risen from 38 kgs in 2005-06 to 59 kgs in 2011-12. • Capacity for crude steel production expanded from 51.17 million tonnes per annum (mtpa) in 2005-06 to 89.29 mtpa in 2011-12. • Crude steel production grew at 8% annually [Compounded Annual Growth Rate (CAGR)] from 46.46 million tonnes in 2005-06 to 73.79 million tonnes in 2011-12. • Production for sale of finished steel stood at 73.42 million tonnes during 2011-12 as against 46.57 million tonnes in 2005-06, an average annual CAGR growth of 7.9%. • Real Consumption of finished steel has grown at a CAGR of 9.4% during the last six years. • Export of finished steel during 2011-12 stood at 4.04 million tonnes while imports during 2011-12 stood at 6.83 million tonnes. During April-December 2012, the following is the industry scenario as compared to same period of last year: • Production of crude steel during April - December 2012 was at 58.33 million tonnes, a growth of 5.8% compared to April - December 2011. The Main Producers produced 18.34 million tonnes during this period, which was a growth of 4.5% compared to last year. The Major Producers produced 13.86 million tonnes during this period, which was a growth of 11.5% compared to last year. The rest i.e. 26.13 million tonnes was the contribution of the Other Producers, which was a growth of 3.9% compared to last year.

• Pig iron production for sale in April - December 2012 was 4.601 million tonnes (a growth of 5% compared to last year), after accounting for own consumption/IPT. The Main Producers accounted for approximately 11% of the same, the rest (89%) being the share of the Majors and Other Producers. • In case of total finished steel (alloy + non-alloy) during April – December 2012: Ø Production for sale stood at 56.72 million tonnes, a growth of 3.6% compared to last year. Ø Exports stood at 3.78 million tonnes, a growth of 24% compared to last year. Ø Imports stood at 5.79 mt, a growth of 16.2% compared to last year. Ø India remained a net importer of steel. Ø Real consumption stood at 53.53 mt, a growth of 3.7% compared to last year.

Steel is crucial to the development of any modern economy and is considered to be the backbone of human civilization. The level of per capita consumption of steel is treated as an important index of the level of socioeconomic development and living standards of the people in any country. It is a product of a large and technologically complex industry having strong forward and backward linkages in terms of material flows and income generation. All major industrial economies are characterized by the existence of a strong steel industry and the growth of many of these economies has been largely shaped by the strength of their steel industries in their initial stages of development. Steel industry was in the vanguard in the liberalization of the industrial Sector and has made rapid strides since then. The new Greenfield plants represent the latest in technology. Output has increased, the industry has moved up i n the value chain and exports have raised consequent to a greater integration with the global economy. The new plants have also brought about a greater regional dispersion easing the domestic supply position notably in the western region. At the same time, the domestic steel industry faces new challenges. Some of these relate to the trade barriers in developed markets and certain structural problems of the domestic industry notably due to the high cost of commissioning of new projects. The domestic demand too has not improved to significant levels. The litmus test of the steel industry will be to surmount these difficulties and remain globally competitive.

ABSTRACT

However. Opportunities will be development in rural areas. These include among others. a projected growth of manufacturing from current 8% to 11-12%. an estimated infrastructure investment of nearly a trillion dollars. based on the assessment of the current ongoing projects. I have also covered the technical analyses – moving crossover average to identify the trends. India Interest Rate averaged 6. As per the report of the Working Group on Steel for the 12 th Plan.50 Percent in August of 2000 and a record low of 4. Production . SWOT analysis of Indian economy includes like India has a stable growth even during recession (2008). riding high on the resurgent economy and rising demand for steel.56 Percent reaching an all-time high of 14. The banking and credit system were able to survive. increase in urban population to 600 million by 2030 from the current level of 400 million.25 Percent in April of 2009.Indian STEEL industry has seen a tremendous growth over the years. currently estimated at 55 kg (provisional). the Working Group on Steel for the 12 th Plan has projected that the crude steel steel capacity in the county is likely to be 140 mt by 2016-17 and has the potential to reach 149 mt if all requirements are adequately met. Inflation rate in India has come down.  The National Steel Policy 2005 is currently being reviewed keeping in mind the rapid developments in the domestic steel industry (both on the supply and demand sides) as well as the stable growth of the Indian economy since the release of the Policy in 2005. there exist many factors which carry the potential of raising the per capita steel consumption in the country. Indian economy is the tenth largest economy in the world in terms of GDP.  At the time of its release. I have done an EIC and Technical analyses of top ten cement companies as per their net sales. Rapid rise in production has resulted in India becoming the 4 th largest producer of crude steel and the largest producer of sponge iron or DRI in the world. Industry analyses and company financial statement analyses and SWOT analysis of each company. both in greenfield and brownfield. Threats may be terrorist. Pradhan Mantri Gram Sadak Yojana. It includes analyses of Indian economy. INDUSTRY ANALYSIS Domestic Scenario    The Indian steel industry has entered into a new development stage from 2007-08. Rajiv Gandhi Awaas Yojana among others. The GDP in India has expanded as compared to previous years. emergence of the rural market for steel currently consuming around 10 kg per annum buoyed by projects like Bharat Nirman. the National Steel Policy 2005 had envisaged steel production to reach 110 million tonnes by 2019-20.

62 5.): Last five year's production for sale of pig iron.      Steel industry was delicensed and decontrolled in 1991 & 1992 respectively. Today.33 60.Availability Projection     Demand – Availability of iron and steel in the country is projected by Ministry of Steel in its Five Yearly Plan documents. prov.78 20.62 5. sponge iron and total finished steel (alloy + nonalloy) are given below: Indian steel industry : Production for Sale (in million tonnes) Category Pig Iron Sponge Iron Total Finished Steel (alloy + non alloy) 2007-08 2008-09 2009-10 2010-11 2011-12* 5.08 68.37 mt in 2011-12.16 5.28 20. Interface with consumers by way of a Steel Consumers’ Council exists. complaints related to quality. In 2011-12 (prov). India is the 4 th largest crude steel producer of steel in the world.37 73. Gaps in availability are met mostly through imports.42 mt.21 21.42 Source: Joint Plant Committee.09 57.37 56. Interface helps in redressing availability problems. Steel Prices . production for sale of total finished steel (alloy + non alloy) was 73.68 25. which i s conducted on regular basis.78 mt. *provisional Demand .07 6. was 5.88 24. India is the largest producer of sponge iron in the world with the coal based route accounting for 76% of total sponge iron production in the country (20. Production for sale of Pig Iron in 2011-12 (prov).

Since then steel prices are determined by the interplay of market forces. The matter to bring more steel items under this order is under examination.83 Source: Joint Plant Committee. The DEPB benefit on export of various categories of steel items scheme is currently applicable for steel exports. Domestic steel prices are influenced by trends in raw material prices.1992. Advance Licensing Scheme allows duty free import of raw materials for exports. The Government also took various fiscal and other measures for stabilizing steel prices like significant reduction in import duties o n steel. excise duty for steel is currently at 12%. demand – supply conditions in the market.  Last five year’s export of total finished steel (alloy + non alloy) is given below:Indian steel industry : Exports (in million tonnes) Category 2007-08 2008-09 2009-10 2010-11 2011-12* 4. Last five year’s import of total finished steel (alloy + non alloy) is given below: Indian steel industry : Imports (in million tonnes) Category Total Finished Steel (alloy + non alloy) 2007-08 2008-09 2009-10 2010-11 2011-12* 7.03 5. are granted due credits which would entitle them to import duty free goods.04 Total Finished Steel (alloy + non alloy) 5. under the Chairmanship of Secretary (Steel) to monitor and coordinate major steel investments in the country. *provisional Exports   Iron & steel are freely exportable. Duty Entitlement Pass Book Scheme (DEPB) was introduced to facilitate exports.84 7.  For ensuring quality of steel several items have been brought under a quality control order issued by the Government.64 4. *provisional .25 3.44 3. Under this scheme exporters on the basis of notified entitlement rates. Imports   Iron & steel are freely importable as per the extant policy.08 Source: Joint Plant Committee.    Price regulation of iron & steel was abolished on 16. An Inter-Ministerial Group (IMG) is functioning in the Ministry of Steel.66 6. The government has also imposed export duty of 30% on iron ore fines and lumps in order to control ad-hoc exports of the mineral and conserve it for long term requirement of the domestic steel industry. international price trends among others. major raw materials. Also. including mineral products and ores and concentrates in last few years.1.38 6.

Capital expenditure for modernisation.4. Rebates to SSI Corporations 4. in the liberalized scenario. Imports of foreign technology as well as foreign direct investment are now freely permitted up to certain limits under an automatic route. supports : 1.94 Cabinet decided that corpus could be recycled for loans to Main Producers Interest on loans to Main Producers is set aside for promotion of R&D on steel etc. inter-alia. Expenditure on ERU of JPC     The SDF levy was abolished on 21. Research & Development 3. The Fund. rehabilitation. a large number of new steel plants have also come up in different parts of the country based on modern. An Empowered Committee has been set up to guide the R&D effort in this sector. diversification.2.96. participation and growth of the private sector in the steel industry. providing broad directions and assistance to new and existing steel plants. 2. the rapid and stable growth of the demand side has also prompted domestic entrepreneurs to set up fresh greenfield projects in different states of the country. The Growth Profile (i) Steel The liberalization of industrial policy and other initiatives taken by the Government have given a definite impetus for entry. Ministry of Steel plays the role of a facilitator. state of-the-art technologies. While the existing units are being modernized/expanded. Opportunities for growth of Iron and Steel in Private Sector The New Industrial Policy Regime The New Industrial policy opened up the Indian iron and steel industry for private investment by (a) removing it from the list of industries reserved for public sector and (b) exempting it from compulsory licensing. In the last few years. Fund was discontinued on 19. renewal & replacement of Integrated Steel Plants. EGEAF – Was a levy started for reimbursing the price differential cost of inputs used for engineering exporters.Levies on Iron & Steel SDF levy  This was a levy started for funding modernisation. expansion and development of steel sector. cost effective. .

Our per capita consumption of steel is around 110 pounds as compared to 330 Pounds for the global average. The country is expected to become the 2 nd largest producer of crude steel in the world by 2015-16.Indian Steel Sector India has emerged as the fourth largest steel producing nation in the world. (ii) Pig Iron India is also an important producer of pig iron. Total crude steel production in India for 2010-11 was around 69 million tonnes and it’s expected that the crude steel production in capacity in the country will increase to nearly 110 million tonne by 2013-14. not only imports have drastically reduced but also India has turned out to be a net exporter of pig iron. Japan. Over the years. Overall domestic crude steel production grew at a compounded annual growth rate of 8.3% in steel production as compared to 2009. Industry Overview . India was the 5th largest producer. has to its credit. The Indian steel industry accounted for around 5% of the world’s total production in 2011. USA and Russia had recorded a growth of 11.). the coal based route has emerged as a key contributor and accounted for 76% of total sponge iron production in the country (20.78 mt in 2011-12 (provisional).6 mt in 1991-92 to 5.Crude steel capacity was 89 mt in 2011-12 (prov) and India. after China. . This indicates that there is a lot of potential for increasing the steel consumption in India. However. In 2010. the 4 th largest producer of crude steel in the world. The private sector accounted for 91% of total production for sale of pig iron in the country in 2011-12 (provisional). Post-liberalization. of international quality standards. India may become the second largest crude steel producer in the world by 201516. Further. prov. with setting up several units in the private sector. Capacity in sponge iron making too has increased over the years and stands at around 35 mt. as per the recent figures release by World Steel Association in April 2012.37 mt in 2011-12.4% during 2005-06 to 2009-10. the steel intensity in the country remains well below the world levels. if the proposed expansion plans are implemented as per schedule. provided all requirements for creation of fresh capacity are adequately met. (iii) Sponge Iron India is the world’s largest producer of sponge iron with a host of coal based units. the capability to produce a variety of grades and that too. The production of pig iron has increased from 1. The demand for steel in the country is currently growing at the rate of over 8% and it is expected that the demand would grow over by 10% in the next five years. located in the mineral-rich states of the country.

Financial Year '12  Overall the global steel industry witnessed steady growth during 2011. demand levels remained 15-25% below 2007 levels. the global steel demand is estimated to have increased by 6% to reach a new high of 1. Infrastructure projects (like Golden Quadrilateral and Dedicated Freight Corridor) will give boost to the demand in the steel sector in near future.  Crude steel production capacity of the country is projected to be around 110 million tonne by 2013-14. fertilizers etc. notably China (6% up) and India (4% up).Immense growth potential in Indian Steel Sector  Domestic crude steel production grew at a compounded annual growth rate of 8. the United States and Europe. housing. Increase in the demand of steel in India is expected to be 14% against the global average of 5-6% due to its strong domestic economy.  Demand of steel in the major industries like infrastructure. where new demand records were set.  The growth in 2011 can be segregated in two halves. Increased demand of specialized steel in hi-tech engineering industries such as power generation. consumer durables. 13% above the pre crisis levels in 2007. steel consumption was lower than in the first half due to moderate economic growth in China. at 980 MT in 2011 up from 928 MT in 2010. steel tubes and pipes. automotive petrochemicals. massive infrastructure needs and expansion of industrial production.   Projected New Greenfield & up-gradation of existing Airport shall keep the momentum up. but steel demand in Japan fell by 3%. packaging and ground transportation. In the first half of 2011.  In 2011. weak private demand in the United States and events in Japan and the Middle East. construction.  222 Memorandum of Understandings (MOU) have been signed with various states for planned capacity of around 276 million tonnes by 2019-20.   Target for $ 1 trillion of investments in infrastructure during the 12th Five Year Plan.373 MT. In the second half of 2011. The growth in global steel demand was driven by increased demand from key steel end-user industries including infrastructure. In the developed economies. . underpinned by infrastructure construction and manufacturing activity. in spite of financial turbulence in the Eurozone. global steel consumption grew relatively faster. construction and automotive.302 MT in 2010 to 1373 MT. automotive. Global steel consumption grew from 1.4% in the last few years. Europe saw steel demand increase by 5% and North America by 9% in 2011.   Investments at stake are to the tune of $187 billion in the Steel sector. as the impact of the earthquake and subsequent tsunami was felt on the manufacturing activity. especially in the emerging markets. Emerging nations accounted for 72% of global consumption. Growth was led by the emerging economies.

imports play an important role in the domestic markets. Competition High. an increase of 7% compared to 2010 and a new record for world crude steel production. presence of a large number of players in the unorganized sector. South Korea and Italy. for non integrated players who have to depend on outside suppliers for sourcing raw materials. All major steel producing countries apart from Japan and Spain showed growth in 2011. Bargaining power High. economies of scale. technology. government policy. consumer durables and automobiles. presence of a large number of suppliers and access to of customers global markets. High. Currently India is net importer of steel. . High capital costs. Growth was particularly strong in Turkey. Demand Barriers to entry Bargaining power Low for fully integrated players who have their own mines of suppliers for raw materials. global steel output reached 1. Key Points Supply With trade barriers having been lowered over the years. In 2011. The demand is derived from sectors that include infrastructure.5 billion tonnes.

We expect realisations to remain under pressure on account of excessive supplies. strong demand from the auto sector. which could help in driving demand for value added steel products like CR (cold roll) steel and exports.  There are delays in land acquisition for Greenfield projects and environment approvals in India. There is thus delay in converting the intent into project on ground especially in the area of expansion and modernisation. it might become difficult for the government to increase duties substantially. global steel demand is forecast to grow by a further 4% to reach 1. China. now that the import duties on steel in India are amongst the lowest in the world. largely due to the continuation of infrastructure spending (including housing). . In the first few months of 2012. As a result no new investment on the ground in the steel sector is happening to add new steel capacities. India and other emerging markets will continue to drive demand but recent market developments suggest likely slackening of demand. global steel market developments are likely to remain generally positive. There are delays in allocating iron ore mines as well as approval for mining licenses. We believe that volume growth would be visible in the years to come. While USA and Japan is expected to continue its recovery. However. domestic steel industry could get protection to an extent. a recovery in steel prices could be sooner if steel producers across the globe take continuous efforts at curtailing production. But since India has already agreed to the WTO norms. Import pressures could consequently lead to pressure on margins of the domestic companies on account of lower steel realisations. if the Indian government increases the import duty on steel products. This impedes growth of domestic steel capacity creation.  Going forward.Prospects  Government delays in allocating coal blocks for captive consumption by steel manufactures is seriously hurting the competitive edge of Indian steel sector. apparent steel demand remained muted due to the uncertain economic climate. we remain apprehensive about the continuation of the strong performance by steel companies. For 2012 as a whole. but with lower growth in 2012 compared to 2011.  The Indian steel sector may face threat from cheap imports. steel demand in Europe is expected to fall. This is primarily due to the recent changes in the monetary policy in China to reduce bank credit and improve asset quality as well as lower growth forecast in India.422 MT. However.  Looking ahead. The same story is with iron ore.

.Swot analysis Strengths- 1. there is abundant supply of iron ore in India available.

there is very efficient as well as cheap labour available 3.2. Modern new plants & modernised old plants 6. There are several regionally dispersed merchant rolling mills WEAKNESS – 1. There is issue of slow statutory clearances for development of mines . several labour laws act as a restriction agent on abilities of companies 4.there is strong dependence on imports for steel manufacturing equipments & technology 5. 3. Indian steel industry is a Strongly globalised industry and with emerging global competitiveness 5.there is poor quality of infrastructure in the nation 2. country is filled with talented professionals providing strong managerial capacity 4. there are very higher rates of taxes and import duties demotivating businesses.

the quality of coking coal available in the country is very poor. THREATS • The pace of growth in infrastructure development is very slow . • There are sometime’s massive market fluctuations and and threat of China’s export possibilities affecting that of India’s. . OPPORTUNITIES • There is currently huge Infrastructure demand and growth going on. • The country is experiencing rapid urbanisation • There is Increasing demand for consumer durables • There is vast untapped rural demand • The nation is having Increasing interest of foreign steel producers .6.

• There is massive threat of Global economic slow down ECONOMIC OVERVIEW Against the backdrop of the Eurozone crisis. the fiscal year 2011-12 was a year of "recovery interrupted" for the Indian economy. The marginal uptrend in the growth towards the end of the year was witnessed due to increase in the consumption of processed foods in the food and beverages sector. INDUSTRIAL OUTPUT Industrial growth however witnessed a sharp fall to 4. the industrial production grew only by a marginal 1.1% in February 2012 as against 6. The trade deficit widened to US$ 185 billion and the Government faces a stiff challenge to keep it under control in the current fiscal.4% in services. exports. During the period April-December 2011. exceeded the targeted US$ 300 billion for the fiscal year 2011-12.1% during the year under review that too driven by the 4. surged to US$ . it would be unwise to ignore the fact that domestic factors like high inflation.1% growth in February 2012.9% in 2011-12 . depressed investment climate and unaddressed manufacturing bottlenecks also slowed down industrial activity.4% in the last year. The disappointing growth was mainly due to rather poor performance of the manufacturing sector especially consumer goods. In 2011-12 the growth is estimated to be 2. Chemicals & Textiles Ministry. the Current Account Deficit (CAD) . EXPORTS / IMPORTS Owing to buoyant demand from diversified overseas markets. 3. according to provisional figures released by the Industry.a sharp fall from 8. Imports during 2011-12 clocked a high of US$ 485 billion mainly on account of rising global oil prices with oil imports touching US$ 150 billion. India's GDP growth is estimated at 6. While the estimated growth of 6. India's slowdown in 2011-12 can be attributed almost entirely too weak industrial growth with the good performance of the services and agricultural sectors.9% in the fiscal year 2011-12 can be considered reasonably healthy in view of the adverse global developments mentioned above. As per the revised IIP data. textiles and pharmaceuticals.an indication of the gap between foreign exchange inflows and outflows. The sectors that posted impressive growth included engineering.5% in agriculture.9% in industry and 9.7% growth in the corresponding month of the previous fiscal. gems & jewelry. turmoil in West Asia and spike in crude prices.

3 per cent in hot metal. at home and abroad.   Steel Authority of India Ltd (SAIL) has recorded a growth of 8 per cent during November 2012 compared to the same month last year. with the major contributors identified as SAIL (3. 5. JFE will provide technology for the production of non-oriented electrical steel sheets at the JSW Steel's Vijayanagar plant in Karnataka .7 billion (4% of the GDP) from 3. India was ranked the world's fourth largest crude steel capacity in 2011-12 and is expected to become the second largest producer of crude steel in the world by 2015-16. India is also the world's largest producer of sponge iron with a host of coal based units located in its mineral-rich states. gold and silver.53." as per India Ratings.4 MT).000 tonnes of saleable steel during November 2012 Bhilai Steel Plant has registered growth of 4. The per capita steel consumption increased from 34 kilograms (kg) in 200405 to 59 kg in 2011-12.30% of GDP in the same period last year reflecting higher trade deficit on account of imports of petrol. Indian crude steel production is estimated to grow at a compound annual growth rate (CAGR) of around 10 per cent during 2010-2013. INFLATION Inflation which had raged at double digit levels over the last two years is now lower. "Steel producers may see a spurt in demand in the medium term if the Indian Government implements its US$ 1 trillion infrastructure investment plan. Market Size The World Steel Association has estimated steel consumption in India to grow at five per cent in 2013. 'Indian Steel Industry Outlook to 2012'. RINL (2. lubricants. oil.1 MT) and Jindal Steel (2 MT). In addition. "With modernisation programmes of various public and private companies.1 per cent. on back of ever increasing demand from sectors like infrastructure. as per a RNCOS research report titled.3 per cent and 5." as per Dr Manmohan Singh.8 MT of capacity in the second half of 2012-13. real estate and automobiles. the Prime Minister of India.3 MT). India has acquired a central position on the global steel map. The decline in inflation has provided some relief and the time is ripe therefore to boost investment in the economy. SAIL also plans to enhance the capacity of its Bhilai steel plant from 4 MTPA to 10 MTPA JSW Steel and Japan-based JFE Steel Corporation have signed a joint agreement. as compared to the same period last year Investments   SAIL plans to invest US$ 8 billion in Chhattisgarh. The public sector company produced 972. India's steel making capacity is estimated to exceed 100 million tonnes (MT) by 2013 and the production is expected to reach 275 MT by 2020. The Prime Minister's Economic Advisory Council has opined that inflation would drop further and hover around 5% to 6% in the current fiscal 2012-13. Bhushan Steel (2. the country will soon rise to second place. India's steel-making capacity is slated to cross 100 MT in 2013 that will require about 160-170 MT of iron ore. whereas the finished steel consumption is estimated to grow at a CAGR of around 12 per cent during FY 2012-14. crude steel and saleable steel production respectively during April-December 2012. The steel industry is expected to add 12. the Indian Bureau of Mines estimates the current pelletisation capacity in India to be around 20 million tonnes per annum (MTPA).

5 MTPA integrated steel plant under construction at Burnpur near Asansol in West Bengal Mittal Corp is setting up a 1. railways. and backward integration into global raw material sources. For instance . The report also presents an insight into the future outlook of various vertical industry segments. The report classifies the finished steel product market into two categories . aerospace. such as construction. overall steel consumption. Besides. and housing. Moreover. Global steel giants from across the world have shown interest in the industry due to its phenomenal performance. such as infrastructure & constructions.94 million) project is part of the 2. India is the fifth largest steel producer at the global front and struggling to become the second largest producer in the coming years. including automotive. The country has acquired a central position on the global steel map with its giant steel mills. automobile. and trading market. with the government proactive incentive plans to boost economic growth by injecting funds in various industries. The report also reveals that. steel consumption in India is expected to grow significantly in coming years as per capita finished steel consumption is far less than its regional counterparts. The Rs 704 crore (US$ 128. and power will drive the steel industry in future. The major contribution directs the attention that steel is having a stronghold in the traditional sectors.8 Million Metric Tons. Our new research report “Indian Steel Industry Outlook to 2012” says that the. automobile.4% in 2010 and reached 66. Moreover. infrastructure.Alloy and Non-alloy. production.the crude steel production in India registered a year-on-year growth of 6. consumer durables. marine. industrial applications etc. The report provides detail information on steel industry in India. acquisition of global scale capacities by players. it provides industry forecast for different market segments.   The sinter plant at the upcoming IISCO Steel Plant (ISP) of SAIL commenced production. continuous modernization & up gradation of old plants. improving energy efficiency. transportation. steel variant stainless steel is finding innovative applications due to its corrosion resistive property.5 MTPA pellet and beneficiation plant in Karnataka. “Indian Steel Industry Outlook to 2012” is an outcome of an extensive research and conceptual analysis of the Indian steel industry. The report also covers information on industry-wise steel demand. telecom. . power. while JSPL is in the process of setting up a 4 MTPA pellet plant in Orissa Essar Projects has set up an 8 MTPA pellet plant in Vizag and 6 MTPA plant in Paradip for Essar Steel Indian steel industry plays a significant role in the country‟s economic growth. Indian crude steel production will grow at a CAGR of around 10% during 2010-2013.

89 5035.60 8551.10 43556.27 13193.63 8042.COMPANY ANALYSIS The following companies.87 24184.04 7534.27 4224.top 10 by magnitude of sales Company Tata Steel Ltd Steel Authority of India (SAIL) Ltd JSW Steel Ltd Jindal Steel & Power Ltd JSW Ispat Steel Ltd Welspun Corp Ltd Jindal Stainless Ltd Bhushan Steel Ltd Uttam Galva Steels Ltd Jindal Saw Ltd Revenue in 2012 (in crores) 119734.30 .42 7072.

Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). Established in 1907. India. It is the 12th-largest steel producing company in the world. Singapore. Thailand and the United Kingdom. the UK. China and Australia. the Netherlands. BSE: 500470) (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai. with operations in 26 countries and a commercial presence in over 50 countries. Tata Steel Limited (NSE: TATASTEEL.Tata steel ltd Tata Steel has always believed that the principle of mutual benefit . Tata Steel‟s vision is to be the world‟s steel industry benchmark through the excel lence of its people. Tata Steel‟s larger production facilities include those in India. and the National Stock Exchange of India. customers. and a subsidiary of the Tata Group. with an annual crude steel capacity of 23. Operating companies within the Group include Tata Steel Limited (India).[8] It is the eighth mostvaluable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[9][10] .is the most effective route to profitable and sustainable growth. Thailand.[5] Its largest plant is located in Jamshedpur. The Tata Steel Group. In 2007 Tata Steel acquired the UK-based steel maker Corus in what was the largest international acquisition by an Indian company to date. India. China. continuous improvement. with a turnover of US$ 26.13 billion in FY 2011. Underpinning this vision is a performance culture committed to aspiration targets. its innovative approach and overall conduct.8 million tonnes.[3][4] Tata Steel has manufacturing operations in 26 countries. Singapore. employees and communities . where it is a constituent of the BSE SENSEX index. and employs around 81.2012.000 employees across five continents and is a Fortune 500 company. Jharkhand. including Australia.[7] It is ranked 401st in the 2012 Fortune Global 500 ranking of the world's biggest corporations. corporations. openness and transparency. and Tata Steel Thailand (formerly Millennium Steel). Tata Steel Europe Limited (formerly Corus). It is now one of the world's most geographically-diversified steel producers.[6] Tata Steel is listed on the Bombay Stock Exchange. has over 81.600 people. NatSteel. Maharashtra. and the largest private-sector steel company in India measured by domestic production. the Netherlands.between countries. safety and social responsibility.

Adaptability of company in the fast changing environment 3. Economies of scale 6. Control over raw materials 5.The Corex process. Acquisition of coal blocks in Asia. Government & regulatory norms Threats 4. Excellent integration with Corus which has more than 2000 metallurgists 4. 1. iron ore mines and quarries 2. The Hismelt process. Slightly lagging in technological front 1. Strong backing of Tata brand name 7. Raises over 14 million tonnes of ores from its captive collieries. Public private partnership Opportunity 3. International competition Strength . India is plagued with violent agitation against land acquisition 3. Africa etc. Newer technologies. Rising coking coal prices 2. Operational efficiency are not as good as international leaders Weakness 2. Direct iron ore smelting 2. Operations in 26 countries and a commercial presence in over 50 countries 1.SWOT Analysis 1.

S Verma. Management Training Institute (MTI) and SAIL Safety Organization (SSO) located at Ranchi capital of Jharkhand. the manpower of SAIL reached a level of 110794 (as on 31. Durgapur. Centre for Engineering and Technology (CET).Besides.3. 1973. .2010) The company's current chairman is C.SAIL Steel Authority of India Limited (SAIL) is one of the largest state-owned steel-making company based in New Delhi. to set up a wagon factory. During 2010-11.2011) from 116950 (as on 1. Rourkela. India and one of the top steel makers in World.4.[3] SAIL is a public sector company. SAIL has more than 1 lakh employees. SAIL is one of India's fastest growing Public Sector Units.5 million metric tons. According to a recent survey. the company is among the top five highest profit earning corporates of the country.0 billion). it has R&D centre for Iron & Steel (RDCIS). Major plants owned by SAIL are located at Bhilai. Incorporated on January 24. Bokaro. SAIL is the 14th largest steel producer in the world. With a turnover of 48681 crore (US$9. With an annual production of 13. owned and operated by the Government of India. Burnpur (near Asansol) and Salem.SAIL is investing Rs 21000 crore in West Bengal. It is a public sector undertaking which trades publicly in the market is largely owned by Government of India and acts like an operating company.

000 employees 2. Partnerships with NTPC. Bokaro Steel etc has strengthened its market position 1. Govt and political intervention affects operational efficiency 2. Technological developments in outside world Strength Weakness Opportunity Threats . Mergers & Acquisitions 1. It has an annual production of over 13million tonnes 6. Strong financial resources owing to being a Govt enterprise 5. Strong employee workforce with over 130. Technical & managerial expertise in the industry 3.SWOT Analysis 1. Change in Government policies & economy trend 2. Higher profit margins are not allowed 1. Expansion & growth 2. Globalization with tie-ups with international players 3. Strong raw material supply chain management 4. Emerging & existing private sector players 3.

By 2020.. JSW Steel offers the entire gamut of steel products – Hot Rolled. Galvanized. Ltd. the heart of the high-grade iron ore belt and spread over 3.Jsw ltd JSW Steel Ltd. It has established a strong presence in the global value-added steel segment with the acquisition of steel mill in US and a service center in UK. and is well connected with both the Goa and Chennai ports. The Jindals. The Company has also tied up with JFE Steel Corp. Jindal Vijayanagar Steel Ltd. who had wide experience in the steel industry. which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). Wire Rods & Special Steel Bars. which operated a mini steel mill at Tarapur in Maharashtra. This will make JSW Steel India's largest steel producer with a combined capacity of 14. JSW Steel has also formed a joint venture for setting up a steel plant in Georgia. the Company aims to produce 34 million tons of steel annually with Greenfield integrated steel plants coming up in West Bengal near Salboni about 35 km from Kharagpur and Barenda in Ranchi district of Jharkhand. Cold Rolled. with a capacity of 10 MT as of 2011. P.[4] The Group set up its first steel plant in 1982 at Vasind near Mumbai. it acquired Piramal Steel Ltd. JSW Group has diversified interests in steel. in order to achieve the vision of moving up the value chain and building a strong. Vasind & Tarapur in Maharashtra and Salem in Tamil Nadu. Rounds & Blooms. In 2005. . Sajjan Jindal led enterprise JSW Group is one of the largest business conglomerates in India with a strong presence in the core economic sector. In 1994. JSW Steel is one of the lowest cost steel producers in the world. Soon after. NSE: JSWSTEEL) is an Indian steel company owned by the JSW Group based in Mumbai. India. Jindal Group. Japan for manufacturing the high grade automotive steel. when the Jindal Group acquired Piramal Steel Limited. aluminium. cement and information technology. JSW Steel has manufacturing facilities at Toranagallu in Karnataka. JSW Steel has recently acquired a majority stake in Ispat Industries Ltd. minerals and mining.3 MTPA by March 2011.700 acres of land. (JVSL) was set up. It had grown from a steel rolling mill in 1982 and is presently a multi business conglomerate worth US$5 billion. Pre-painted Galvalume. with its plant located at Toranagallu in the Bellary-Hospet area of Karnataka. energy. It is just 340 km from Bangalore. The Company has also acquired mining assets in Chile. the flagship company of the JSW Group. Pre-painted Galvanised. is the largest integrated private steel manufacturer in India in terms of installed capacity. JSW's history can be traced back to 1982. (JISCO). TMT Rebars. Galvalume.[3] As part of the US$10 billion O.[3] JSW Steel. (BSE: 500228. infrastructure and logistics. USA and Mozambique. JISCO and JVSL merged to form JSW Steel Ltd.[2] JSW Steel is among India's largest steel producers. resilient company. renamed it as Jindal Iron and Steel Co. Maharashtra.

Product development by investing more in R&D 1. Cyclical nature of steel industry needs to have efficient process of production 2. Changes in the prices of raw materials & end products Strength Threats . Operates in both upstream as well as downstream sectors 1. Capacity utilization is not cent percent 1. One of the lowest cost steel producers in the world 4. Government and environment regulations 4. Limited portfolio diversification compared to industry leaders 2. Competition from existing and foreign players 3. High growth prospects with a consistently increasing revenue and strong financial position 3. Increase in demand from all sectors in Indian & Global world 2. India’s third largest steelmaker with a combined capacity of 14+ MTPA hence enjoys economies of scale 2.SWOT Analysis 1. First steel producer in the world to use Corex Technology for producing hot metals 5. Less number of mines under its hood affects availability of raw materials Weakness 3. Mergers & Acquisition to keep steady supply of raw materials Opportunity 3.

and the head of JSW Group. structural.1 billion in setting up a steel plant in Bolivia. Jindal Steel & Power Limited (JSPL) is a part of about US$17 billion diversified O. founded by O.[3] Jindal Steel is most likely to terminate the contract of investing $2. the company plans to invest an additional US$2. it is widely known to cater to the wealthy through its private location and array of activities. and Jindal Steel Bolivia. the youngest son of the late O P Jindal. NSE: JINDALSTEL) is an Indian steel and energy company based in New Delhi. mild steel slabs.1 billion over the next eight years in the South American country.. Bolivia granted development rights for one of the world's largest iron ore reserves in the El Mutún region to Jindal Steel. is ranked as the 19th richest Indian person according to Forbes. mining. India and a division of Jindal Group conglomerate. Jindal Steel and Power is a part of the Jindal Group. in 1984. In 1969.[4] Savitri Jindal. mild steel. P.[citation needed] The school's student body comprises girls from affluent business and political families of India. On 3 June 2006. India.Jindal Steel and Power Limited (JSPL) (BSE: 532286. Jindal Group. oil and gas and infrastructure. part of O. an influential body of the chambers of commerce. The company is also involved in power generation. ferro chrome. is currently the head of ASSOCHAM. After Jindal's death in 2005. Jindal Group's management was then split among his four sons with Naveen Jindal as the Chairman of Jindal Steel and Power Limited. His elder brother.[5] . Savitri Jindal. due to non-fulfilment of contractual obligations by the Bolivian government. much of his assets were transferred to his wife. the widow of O. P. Jindal. However. The company professes a belief in the concept of self-sufficiency. The company manufactures and sells sponge iron. Jindal Petroleum Ltd. India. Although not marketed as such. The Jindal family established Vidya Devi Jindal School. JSPL is a leading player in steel. he started Pipe Unit Jindal India Limited at Hisar. With an initial investment of US$1.P. The company produces steel and power through backward integration from its own captive coal and iron-ore mines. in terms of tonnage.[2] one of the earlier incarnations of his business empire. hot rolled plates and coils and coal based sponge iron plant. Jindal Group. power. Jindal (1930–2005).5 billion. Jindal Cement Ltd. Naveen Jindal. drives JSPL and its group companies Jindal Power Ltd. With annual turnover of over US$4 billion. Sajjan Jindal. it is the third largest steel producer in India. a residential school for girls in Hisar. iron ore. P.

Has an enterprising spirit and the ability to discern future trends 6. Hike in the export duty on iron ore fines and lumps 2. raw material linkages and environmental clearances Strength Weakness Opportunity Threats . adaptation of new technologies and the collective skills of its 15. Diversify investments to distribute risk in business 1. Shortage of coking coal and is largely dependent upon its import 2. Project implementation and raw material security 3. committed workforce 5. Weak performance on the back of the higher raw material cost and the power & fuel cost 1. Has force of innovation. Issues related to land acquisition. Produces economical and efficient steel and power through backward and forward integration 2.based sponge iron plant in the world 4. Operates the largest coal . Sports a product portfolio that caters to varied needs in the steel market 3. Venture into new businesses by leveraging its core capabilities 2.000 strong. Has operations in Steel. Increase production capacity to meet the global steel demand 3. electricity generation and distribution 1.SWOT Analysis 1. iron.

which combines the latest technologies – the Conarc process for steel making and the compact strip process (CSP) – introduced in Asia. It has two integrated steel plants. NSE: ISPATIND) was set up as Nippon Denro Ispat Limited in May 1984 by founding chairman Mr M L Mittal. located at Dolvi and Kalmeshwar in the state of Maharashtra. The company is listed on Bombay Stock Exchange and National Stock Exchange of India.9 km2) Dolvi complex houses the 3 million tonne per annum hot rolled coils plant. It is headquartered at Mumbai and employs about 3000 people.200 acres (4.[3] . Ispat Industries was ranked 5th among major next to Tata steel and JSW steel companies in India for the year 2008 by Business World.[2] It has steadily grown into a Rs9. steel. mining. The 1.400-crore company having operations in iron. energy and infrastructure.Jsw ispat JSW Ispat Steel Ltd (JISL) (BSE: 500305.

State-of-art technology. JSW is having 60% of market share in south India. Weakness: 1. The major strength of JSW lies with the price. Located in the centre of Bellary-Hospet region. Transportation costs are high due to non-availability of trucks and other means of transportation easily. SAIL (Steel Authority of India Limited). Production Quality is the strength of the JSW. 3. This is the result of long experience of around 3 decades in the steel industry. JWS has good reputation in steel market. 5. 4. It lies in the vicinity of large potential and unexplored market of southern India . 2. Problems with efficient Warehousing and out bound transportation. . 2. Exemptions from sales tax as major dispatches are made from plant site. a high grade iron belt. The Corex process makes it a low cost production of steel in the industry. Chennai and Mumbai. Price war may result due to close competition and price being the main constraint in steel marketing. 2. 2. Dumping of metal from countries like Korea and China is another major threat. Easy access to the major parts of Goa. 3. Threats: 1. Essar steels. 4. 3. Foreign company like Mittal steels and POSCO entering Indian steel. JSW is far away from the main market and it is difficult for them to dispatch the products because they don’t have good transport facilities. 3. Tough competition from the players such as TISCO (TATA integrated steel corporation).Strength: 1. 6. Opportunity: 1.

A. Average execution period for a normal order takes 9-12 months. . It was ranked as the 2nd Largest (Large Diameter) Pipe Producer by Financial Times UK and awarded 'The „Emerging Company of the Year' by Economic Times. WCL has an esteemed clientele which includes Transcanada. 4 . 2008.It has executed brilliant projects including the World’s deepest pipeline project in the Gulf of Mexico. to name a few. which is being increased to 2. respectively. search Welspun Corp Ltd is the second largest manufacturer of large diameter pipes in the world[3][4] based in Mumbai.S. Strengths: 1. MSK Projects top help diversification of the business. PTTEP. Exxon Mobil.Welspun Corp Ltd From Wikipedia.285 MTPA. 2. U.is today one of the Largest Large Diameter Line PipeCompany in the World. The company has supplied pipes for the world‟s deepest pipeline project (Independence Trail'.Steel is a working capital-intensive industry as projects are of long duration in terms of execution of the order. longest pipeline (Canada to US) and the heaviest pipeline project (Persian Gulf).65 mtpa plant in Anjar. Elpaso. heaviest pipeline project in the Persian Gulf. 3. (WCL). With a strong culture of „Engineering Excellence' WCL takes pride in manufacturing and supplying some of the most critical pipelines in the world from its plants in India and USA which have an installed line pipe capacity of nearly 2.[7] Welspun Corp Ltd.1 mtpa. Hunt Oil. It has marquee Customer relationship. Maharashtra. the flagship company of Welspun Group.[6] It operates a 1. Welcorp is the world’s largest distributor of pipes. highest pipeline project (Peru LNG). Gujarat. Gulf of Mexico). the free encyclopedia Jump to: navigation. Enterprise. Texas Gas.[5] Its a flagship company of the $3 billion ( 129 billion) Welspun Group. Qatar Petroleum and DOW. Kinder Morgan. highest LNG pipeline project in Peru and longest pipeline project from Canada to the US Weaknesses: 1 . Saudi Aramco.

There are fluctuations in foreign exchange and dependence on high imports of Raw Materials and exports to the countries across the globe. There is higher dependence on government spending on account of connecting the resources to the final consumers via pipeline network and thrust on infrastructure development. Threats: 1. 5. the Company had 17 direct and step down subsidiaries. plates. MSK projects to give access to infrastructure sector. 3. Jindal Overseas Holding Ltd raised its stake to 13. Opportunities: 1. There is always scope for capacity Expansion. cold rolling and downstream facilities. There is vast competition from China in terms of cost but restricted to seamless and ERW pipes. hot rolling. ferro alloy facilities. There are large number of unorganized players leading to tough competition amongst the peers.934% in the Company. Its manufacturing facilities in India. The facilities include chromite mines. hot-rolled coils. martensitic and duplex grades. is an India-based stainless steel manufacturer. There is strong order book of $ 1. stainless steel slabs and blooms. There are rising oil prices to help growth in the oil gas pipeline business.2. As on March 31. There was promoters’ involvement in stock rigging scam. and specialty products. The Company‟s product range includes ferro alloys. It produces stainless steel flat products in austenitic. cold-rolled coils. thermal power plants and stainless steel melting. 2.0 billion. 3. 3. Jindal Stainless Limited. precision strips and coin blanks. are located at Hisar in the State of Haryana. formerly JSL Stainless Limited. There is always scope for backward integration to increase profitability. ferritic. 4. including Jindal Stainless UK Limited and PT Jindal Stainless Indonesia. such as razor blade steel. 2.573% from 6. . 2012. Jajpur in the State of Odisha and Vizag in the State of Andhra Pradesh. In March 2013.

Galvanized Coil and Sheet. of experience in Steel making. Sponge Iron and Precision Tubes. Backed by more than two decades. manufactured in its various plants. Brij Bhushan Singal.). The company has three manufacturing units in the state of    Uttar Pradesh (Sahibabad Unit) Maharashtra (Khopoli unit) Orissa (Meramandali unit) Bhushan Steel is the largest manufacturer of auto-grade steel in India[1] and is spending Rs. The company is “centralized source” for wide variety of products such as Cold Rolled Closed Annealed. Billets. BSL has the distinction of being the only producer In India of the widest width CR Sheet.  The company has a strong location advantage as it‟s plant is . 260 billion to expand its capacity to 12 million tonnes annually. Galume Sheets and Coils. is a globally renowned one of the leading prominent player in Steel Industry. His vision helped BSL overcome several periods of adversity and strive to improve against all odds.[2][3] from the present installed capacity of around one million tonnes. Hardened & Tempered Steel Strips . Given a vibrant Steel industry dynamics in India. It was the vision of the founder. besides being a preferred supplier of automotive grade steel sheets for inner and outer panels to all leading 4-wheeler and 2-wheeler manufacturers in the country. High Tensile Steel Strapping. that the first stake was driven into the soil of Sahibabad (Uttar Pradesh) in 1987.Bhushan steel ltd Bhushan Steel Ltd formerly known as Bhushan Steel & Strips Ltd. Bhushan Steel is now India’s 3rd largest Secondary Steel Producer company with an existing steel production capacity of 2 million tones per annum’s (approx. we are on a course to become a fully Integrated Steel & Power Company with market leading offerings in value added Steel in Automotive and White Good Segment with the quality been approved by ISO 9002 and QS 9000.[ SWOT ANALYSIS strengths  BSL is one of the India‟s largest CR Coil and GP/GC Sheet producers of flat steel products. Corrugated Sheets.

 Bhushan Energy‟s efforts for becoming Independent power producer will also boost the profitability of parent company. WEAKNESS  No backward integration for HR Coil (only value addition) .located in Maharashtra (near Mumbai)  The Company is working towards backward integration in key raw materials like HR Coil. Matching customer requirement – introduced service centre concept. iron. which includes all major players in user industries like automobiles. Japan. ore and coal. consumer durables and engineering.  Focus on value addition makes the company less vulnerable to price fluctuation  One of the most efficient steel plant in India  Adaptation latest world class technologies and equipment-first in the country.  The company has strong clientele base.  Leader in high value added segment (Automobile & white goods sector)  Largest colour Coated Line in the Country & first to manufacture Galume Sheets.  Technical tie-up with Sumitomo Metals.  Plants situated near to consuming centers of Northern and Western Region – saving in freight cost  Near port facility – Export competitiveness  Economy of scale – total cold rolled capacity of one million tons  BSL has managed and controlled its leverage efficiently Captive power (48 MW) – low energy cost  9.

 Irregularity in the supply of raw materials from suppliers and dealers. near Khopoli. Ports. OPPORTUNITIES  Strong Economy growth (second fastest growing Economy after China)  Booming infrastructure sector (Roads. galvanized coils and sheets which prove to be s good opportunity for this company and its growth.  Bhushan Group is also planning to put up an integrated steel plant . consumer durables sector and engineering goods sector.  Robust demand in construction and retail industry  Low per capita steel consumption offers a higher growth  Rich Geological Resource base  Large consumer base  Low labor cost and high productivity  Growing Skilled and Technical Human Capital.  Bhushan group is putting up a plant in Maharastra.  Enter in the field of hot rolled steel. Capacity utilizations are still below its maximum level  Ability to handle large projects  US slowdown may impact export market  Rupee appreciation  No more emphasis in local market in the field of galvanized products. SEZs. on Pune Express Highway. Power)  Strong demand in automobile sector. to maintain the continuous supply of raw material to cold rolled steel plant. This plant will produce CRCA coils and sheets.Airports.

 High cost of Energy  Big ticket investment by POSCO and Mittal could swallow the market (specifically export)  Cyclical nature of Steel Industry  Deficit infrastructure  From competitors in galvanised steel and cold rolled steel. Its irregularity can make irregularity in the supply in the supply of finished goods. .  Raw material supply of the company is depending on the others.of three million tones capacity in near future to produce hot rolled coils to meet out for captive use of group companies as will for the domestic and international markets. THREATS  Steel prices are almost at their peak and downward turn in prices can‟t be ruled out in near future  Bureaucratic nature of Government . this results in up and down in steel prices.Socio-Political interventions (in leasing mines)  Rising interest rates could affect expansion programmers (High cost of Finance)  Rising interest rates could affect expansion programmers (High cost of Finance)  From the government policies.

The Company commenced operations in April 1985.8 crore plant started production in January 1988. The company. cut to length sheets and also sold as Full Hard CR in overseas markets. UGSL has its own cold rolling facility with a capacity of 500. .H.P. Uttam Galva Steels Ltd is a manufacturer of Cold Rolled Annealed and Unannealed Sheets & Coils. general engineering. Australia. the company set up a unit in the Raigad District of Maharashtra to manufacture 35. Galvanised Plain and Corrugated Sheets.] 10 Industry: Steel . was. Uttam Galva is an established player for the supply of CRCA to most of the manufacturers of automobiles.Cr.000 tpa of galvanised plain/corrugated (GP/GC) Sheets. 435035000 and rights issue of 5630145 . The companies Rs. Australia.15% Secured Fully Convertible Debentures of Rs. white goods. 281507250 to the existing Equity Shareholders of the company. 50/. 50/. incorporated in March 1985 as Uttam Galva Steels subsequently the companies name was to changed to Uttam Steel in March 1993 and once again the companies name was changed to Uttam Galva Steel Ltd in 13th June 2002. The company tapped the capital market in October 93 with a public issue to part finance the Rs. Drums & Barrels segments of the Industry. The company has its plant located at Raigad district of Maharashtra.Large Discuss this stock Company Profile With a modest beginning in the year 1988 with a Wet-Flux Galvanizing line in technical collaboration with M/s John Lysaght of B.15% Secured Fully Convertible Debentures of Rs.000 tpa of thin guage cold-rolled strips. today Uttam Galva Steels Ltd. 10 crore expansion plan by issue of 8700700/.000 tons/year.] 968 | Face Value: [Rs. The company diluted its shareholding in uttam galva Exports Ltd in December 2004 and by virtue of which the Uttam galva exports is no longer a subsidiary of the company. It is also a large supplier of Galvanized coils and sheets to the construction industries The company has received a Certficate of ISO 9002 for all its plant.each for cash at par aggregating Rs.each for cash at par aggregating to Rs.000 tons/year. In Technical Collaboration with John Lysaght.Uttam Galva Steels Ltd BSE: 513216 | NSE: UTTAMSTL | ISIN: INE699A01011 Market Cap: [Rs. Uttam Galva also set up a captive plant to manufacture 50. 18. has three modern galvanizing lines with a total capacity of 350. Balance of CR are converted to value added grades in CRCA coils.

7500 Crore. is in a commanding position in India’s tubular market. being the undispu ted leader with a turnover in excess of Rs. Jindal SAW Ltd. Jindal SAW Ltd. carbon. bends and connector castings to its clients. the company also provides various value added products like pipe coatings. With integrated facilities at multiple locations and an ever expanding market opportunity. • Export of 1 MILLION Tons in a span of 6 years (completed in Sep 2004) • • • Export of 2ND MILLION Tons in a span of 2 years 8 months (completed in Jun 07) Export of 3rd MILLION Tons in a span of 2 years 6 months (completed in Dec 09) Recipient of “Export Excellence ” Award for 14 consecutive years from Engineering Export Promotion Council – Govt. It started operation in the year 1984. alloy and stainless steel seamless pipes and tubes manufactured by conical piercing process used for industrial applications. is a part of the USD $ 16. has diversified from a single product company to a multi-product company. Jindal Group. of India ISO-9001 Accredited Company ISO/TS/16949 Accredited Company for Automobile Sector ISO 14001 for Environmental Control is currently under implementation IS 277:2003 Accredited Company for Galvanized products • • • • JINDAL SAW LTD Jindal SAW Ltd. one of the country's topmost industry houses and the foremost indigenous steel producers and exporters. Besides these. manufacturing large diameter submerged arc pipes and spiral pipes for the energy transportation sector. and Ductile iron (DI) pipes for water and wastewater transportation.P. when it became the first company in India to manufacture Submerged Arc Welded (SAW) Pipes using the internationally acclaimed U-O-E technology. .5 billion O.MAJOR ACHIEVEMENTS.

JITF Shipyards.that in turn has helped transform the lives of people staying in them. and help conserve natural resources like water. shareholders and people whose lives have benefitted by the company's endeavours. Wastewater and Solid Waste Management Domestic Transport and Logistics Transportation Equipment Fabrication Having identified the immense potential offered by these sectors for the future. gas and water. and Jindal Rail Infrastructure. Jindal SAW helps residents and org anizations in numerous cities function efficiently.from employees. Venturing forward into different areas of businesses with Jindal    ITF. New boundaries. JITF has diversified into five business verticals in these areas: JITF Ecopolis. JITF Aquasource. associates. JITF Vector.Over the years Jindal SAW has continued to gain the confidence and trust of its stakeholders . The pipes produced by the company are energy efficient. At the very core of Jindal SAW is imprinted the conviction of never being content with the success attained and it is constantly striving for newer horizons. Ensuring timely transportation of oil. . a subsidiary of Jindal SAW. reduce dependence on fossil fuels. Jindal SAW has played a leading role in developing livable cities across the world . the company is making rapid progress in urban services sectors with: Water. new challenges and new opportunities keep the company driven to surge ahead. With its vision of sustainable development firmly in place.

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