Do you know how many steel plants exist in India? Which company manufactures the maximum production of steel? At what pace the top steel producing company is progressing? And how that company's growth will help in the overall development and progress of India?
Let us unravel the success story of the JSW Steel, India's fastest growing and largest private sector steel company:
- It houses India's largest blast furnace and the widest hot strip mill.
- It is the first in India to use the Corex technology for hot metal production.
- One of its unique feature is that it is among the first in the world to successfully utilise corex technology to produce "green steel".
- The history of JSW Steel dates back to Nov 9, 1982 when the Jindal Group acquired Piramal Steel Limited at Tarapur in Maharashtra (that was formed on May 11, 1974) and renamed it as Jindal Iron and Steel Company (JISCO).
- In 1994, Jindal Vijayanagar Steel Ltd. (JVSL) established a steel manufacturing plant at a remote village of Toranagallu in the Bellary-Hospet area of iron ore belt of north Karnataka, spread over 3,700 acres of land.
- The surrounding barren land was transformed into a Township. The Township boasts of a multi-speciality hospital, stadium, better education facilities for students, and basic amentities for nearby vilages.
- All the magnificence is an effort laid by each and every worker of the steel plant.
Some interesting facts:
- JSW is India's first company to produce 1 crore tonne of steel per annum.
- India's first corex furnace unit was established in 1996 at this plant for hot metal production and within two years, it started its operations.
- Corex is a technology in which there is almost no pollution is emitted, during steel production.
- JSW got its first oxygen plant in 1999.
- The process waste that is formed during the steel production is reused to make cement, at a separate cement plant.
- Besides steel, JSW also has plants that produce oxygen, hydrogen and nitrogen, through the medium of air separation.
- It generates 1,700 Mega Watt of power (electricity), that is supplied upto Maharashtra, except Toranagallu.
- It is India's first steel company that implements total integrated resource planning solution and has reached 10 Million Tonnes Per Annum (MTPA) capacity at a single location.
- In 2009, JSW became the maximum quantity of producing steel unit. Everyday, it manufactures 500 tonne of steel.
- JSW's Vijayanagar plant has India's largest blast furnace, that was established in 2009.
- Currently, JSW produces 1.2 crore tonne of steel and aims to produce 1.6 crore tonne of steel by 2016.
- In future, it plans to manufacture 2 crore tonne of steel by 2020 and 4.5 crore tonne of steel by 2025.
- Coal and other required material is imported from Australia and Brazil.
- Most importantly, it is playing an important role in the government's much-ambitious "Make In India" initiative.
While talking to OneIndia, JSW Vice President (Admin), Mr Manjunath Prabhu said that "Make In India" initiative can take the country to a new level of development on the global platform.
He also said that China produces more than ten times of steel than India and exports it to various countries, while adding that India can give tough competition to China's market, if the government brings some amendments in its policies.
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He also said that India has large manpower combined with nature's richness, that can wipe away any hindrance.