If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. • The quality of steel produced in VSL is at par with global standards. Your IP: 94.23.53.58 The timeline below covers the history of the firm. Although the foundation stone of the plant was laid in 1971 the work could be started in 1982. It is also well connected with the coalfields of the Damodar valley and iron ore deposits of Bailadila in Chhattisgarh. This will involve an expenditure of Rs. PreserveArticles.com is an online article publishing site that helps you to submit your knowledge so that it may be preserved for eternity. 3. 2004: The JSW Group acquired Salem Steel (located near Tamil Nadu) and took over works management in November 2004. x DOWNLOAD. Copyright. Image Source: jsw.in. Its blast furnaces are the biggest in the country (3,200 cu.m each). 5. 2018: In an October announcement JSW said it would spend $150 million (in the phase one) to set up a new steel facility in Texas, USA. Cloudflare Ray ID: 5f87a84eea5d0493 2020: JSW purchase of Bhushan Power challenged in India's top court. • The VSL is generation ahead in technology than other integrated plants of the country. In 1997-98 the plant produced 2.54 million tones of liquid steel and 2.25 million tones of saleable steel. 2020: The National Company Law Appelate Tribunal (NCLAT) in February 2020 allowed JSW Steel's bid for Bhushan Power, offering JSW immunity from criminal proceedings relating to offences committed by the target company's previous management. Severstal bought Piombino-based Aferpi (then known as Lucchini SpA) from Severstal in 2014. JSW had 49 per cent of the equity. Note that over time, the Dolvi plant would become the first facility in India to adopt a combination of Conarc technology for steel making and compact strip production (CSP) for the manufacture of thin-gauge hot rolled coils. Plans of private sector steel major JSW Steel to scale up the capacity of its flagship integrated steel plant at Vijayanagar in Karnataka to 18 million tonnes per … Three more steel plants were planned during the Fourth Five-Year Plan in order to meet the growing requirement of steel. (j) Vijayanagar Steel Plant in Karnataka. Laying the Groundwork Starting with a single plant … 2018: JSW and JFE Steel Corporation signed this agreement with JFE providing the technology for the production of automotive steel in India. 1994: The JVSL plant was located at Toranagallu near Karnataka and therefore at the heart of India's high-grade iron ore belt. It has 7 meter high coke oven batteries with dry quenching facilities. 2018: Signs JV agreement with JFE for Indian auto steel production. The plant was dedicated to the nation in 1992. 2020: Bhushan Power & Steel's former chairman Sanjay Singal in February 2020 succeeded in persuading India's top court to challenge the bankruptcy tribunal's verdict allowing the sale of the insolvent company to JSW Steel. 4. The total capacity of the plant is to produce 3 million tones of liquid steel per year. All the articles you read in this site are contributed by users like you, with a single vision to liberate knowledge. 2020: NCLAT grants JSW immunity in acquisition of Bhushan Power. 1994: Sets up Jindal Vijayanagar Steel Ltd (JVSL). The plant has capacity of producing 3 million tones of ingot steel. Though India is an important iron and steel producing country in the world, we are not able to perform to our full potential largely due … Located on the west coast of India, the Dolvi plant has a jetty with a capacity of 10 million tonnes per annum, which provides the unit with a major logistical advantage with respect to the import of raw materials. This is a sea coast based steel plant located at the port city of Vishakhapatnam in Andhra Pradesh. TOS This would be part of a $500 million investment commitment made by the company for a greenfield steel pipe and plate plant to be built in Baytown. 2020: In February 2020, JSW Steel emerged as the preferred bidder for three iron ore mines in Odisha with estimated reserves of 1092 million tonnes. The total capacity of the plant is to produce 3 million tones of liquid steel per year. 2013: Under the JV agreement, JFE was to provide technology for the production of non grain-oriented electrical steel sheets (CRNGO) at the JSW's Vijayanagar plant in Bellary. The plant meets 70 per cent of its requirement of coal through export. The plant is currently operating at 85 per cent of its rated capacity. The VSL has been built up by the Rashtriya Ispat Nigam Limued. In 1997-98 it exported Rs. JSW’s Vijayanagar steel plant faces heat as Mormugao terminal shuts operations - Report. Project cost was estimated at ~Rs 4,500 crore. Prior to its ownership by Cevital, Aferpi was owned by Severstal. 2019: NCLT approves JSW's takeover of bankrupt Bhushan Power. The Salem Steel Plant: The plant has been set up at Salem in the Salem district of Tamil Nadu. Content Guidelines VSL’s expansion scheme aims at reaching a level of 4.05 million tones of liquid steel by 2001- 02 with the addition of one more steel melt shop. Steel News - Published on Fri, 13 Apr 2018. 1982: Jindal Group sets up steel plant at Vasind near Mumbai. PreserveArticles.com is a free service that lets you to preserve your original articles for eternity. The JV plan was to set up a 2.3 million tonne a year cold rolling mill complex to manufacture high-grade automotive steel at JSW's Vijayanagar plant. Our mission is to liberate knowledge. 2. Aferpi is an acronym for. JSW is a leading Indian producer of steel (carbon and alloy steel products). 2008: The JV was with UK-based Geo Steel. Aferpi was purchased from Algerian firm Cevital in May 2018, at which point Aferpi was Italy's second-largest steel plant. 2019: An Indian court in September 2019 cleared JSW Steel's takeover plan for debt-ridden Bhushan Power and Steel, bringing to an end a bankruptcy case that had dragged on for two years. This plant has been set up at Tomagal near Hospet in Bellary district of Karnataka. As part of the JSW Group, the plant then underwent a dramatic transformation, both returning to profit and expanding capacity. Disclaimer 2018: At the time of purchase, Aferpi was a 2 mt / year steelmaker with ~2000 employees that specialised in making long products, especially steel used for rail and railways products. JSW Steel Ltd is the flagship company of the JSW Group. You may need to download version 2.0 now from the Chrome Web Store. 2018: Buys 100% stake in Italy's Aferpi for Euro 55 million. That facility was set up in 1989 with a design capacity of 0.75 million tons of Sponge Iron (HBI). The plant enjoys the facility of the iron ore from the Hospet region; coal from the Kanhan valley (Chhattisgarh) and Singareni (Andhra Pradesh) coalfields; good quality of lime-stone and dolomite from a distance of 200 km; water from the Tungabhadra reservoir (36 km from the plant site) and cheap hydel power from Tungabhadra project. PreserveArticles.com: Preserving Your Articles for Eternity, Information on TISCO, Jamshedpur Iron and Steel Industry, Information on BSL, Bokaro Iron and Steel Industry, Information on HSL, Bhilai Iron and Steel Industry, Information on HSL Durgapur Iron and Steel Industry, Short notes on the Production of Iron and Steel Industry, Controlling in Management # Meaning, Definition, Types, Process, Steps and Techniques. 2013: Ties up with Japan's JFE in electrical steel JV. Here steel would be produced by the Cortex process which makes use of non-coking coal as a reductant in the smelting of iron ore. 2019: A December announcement referred to the sale of a 39% stake in the Georgian reinforcing bar JV, and retention by JSW of a remaining 10% ownership stake. Over the years, this facility has reoriented from commodity to special steels. Financing of the rebar mill involved the EBRD and the main equipment comprised a 30t electric arc furnace and a bar rolling mill. 2010: Acquires integrated steel plant at Dolvi, Maharashtra. Performance & security by Cloudflare, Please complete the security check to access. JSW’s Vijayanagar steel plant faces heat as Mormugao terminal shuts operations P Manoj Mumbai | Updated on April 12, 2018 Published on April 12, 2018 SHARE 2018: Invests $150m in first tranche for greenfield Texas plant. These plants are located at Salem in Tamil Nadu, Vishakhapatnam in Andhra Pradesh and Vijayanagar in Karnataka. This facility was renmaed Jindal Iron and Steel Company (JISCO) shortly after its acquisition. Rebar capacity was planned to be around 175,000 tonnes per year. 1,000 crores. In 1997-98 the plant produced 2.54 million tones of liquid steel and 2.25 million tones of saleable steel. 2019: Announces sale of significant stake in Geo Steel. Note that at the time of this agreement, JFE Steel held a 15 per cent ownership stake in JSW. The JVSL hot strip mill Vijayanagar was commissioned in 1997. The new plant would comprise an eco-friendly electric arc furnace, a slab caster and plate mill, with contiguous pipe mill. 2005: JISCO and JVSL merge to form JSW Steel Ltd. 2008: JSW Steel enters rebar JV in Georgia.