Asia/India/Chhattisgarh/Raigarh/Jindal Steel and Power Limited/
Jindal Steel and Power Limited
- Location & Contact Information
- Address, Directions, & Map
- Kharsia Road, Raigarh, Chhattisgarh, India
- GPS Coordinates
- Telephone Numbers:
- +91 7762 227001-05
- +91 7762 227022-23 (fax)
- Official Website: [2]
- Address, Directions, & Map
- Overview & Photographs
Jindal Steel and Power Limited., is India's third largest steel and Steel Authority of India Limited. The company manufacturers sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, and coal based sponge iron plant. The company is also involved in power generation. [1]
Jindal Steel and Power is a part of the Jindal Group, founded by O. P. Jindal (1930-2005). In 1969, he started Pipe Unit Jindal India Limited, one of the earlier incarnations of his business empire. After Jindal's death in 2005, much of his assets were transferred to his wife, Savitri Jindal. Jindal Group's management was then split with Naveen Jindal as the Managing Director of Jindal Steel and Power Limited. His elder brother, Sajjan Jindal, is currently the head of ASSOCHAM, an influential body of chambers of commerce and is the head of JSW Group, part of O.P. Jindal Group, which had a market cap of US$3.7 billion. The total market cap of the O.P. Jindal Group is evaluated at US$10 billion. [1]
On June 3, 2006, Bolivia granted development rights for its largest, and one of the world's largest iron ore reserves in the El Mutún region to Jindal Steel. With an initial investment of US$ 1.5 billion, the company plans to invest an additional US$ 2.1 billion over the next eight years in the South American country. [1]
Savitri Jindal is the 19th richest Indian in the world according to Forbes. [1]
The Jindal family also operates Vidya Devi Jindal School, a residential school for girls in Hisar, India, since 1984. Although not marketed as such, it is widely known to cater to the extreme wealthy from all over the world through its serene location and remarkable array of activities. The school's students are most commonly young heiresses from affluent magnate, or political families. [1]
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