October 22, 2014 6:57 AM ET

Metals and Mining

Company Overview of JSW Steel Ltd.

Company Overview

JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company conducts its operations primarily through Steel, Power, and Others segments. Its portfolio of products include hot rolled coils, sheets, and plates; cold rolled coils and sheets; galvanized products; galvalume products; pre-painted galvanized products; pre-painted galvalume products; TMT bars; wire rods and steel bars; and rounds and blooms. The company is also involved in coal and iron ore mining operations in Chile, the United States, and Mozambiqu; coal loading and port operations; generating power; manufacturing pre-fabricated building systems and technologies; trading iron ore and ...

JSW Centre

Bandra Kurla Complex

Bandra (East)

Mumbai,  400051


Founded in 1994


91 22 4286 1000


91 22 4286 3000

Key Executives for JSW Steel Ltd.

Age: 55
Total Annual Compensation: $74.5M
Joint Managing Director
Age: 56
Total Annual Compensation: $35.0M
Deputy Managing Director
Age: 59
Total Annual Compensation: $26.1M
Director of Commercial & Marketing
Age: 51
Total Annual Compensation: $22.5M
Compensation as of Fiscal Year 2014.

JSW Steel Ltd. Key Developments

London Mining Reportedly Under Sale Talks

London Mining Plc (AIM:LOND) is reportedly in talks concerning the potential sale of its Marampa iron ore mine. London Mining was forced to appoint administrators from PwC last week and is now in discussions with JSW Steel Ltd. (BSE:500228) and Timis Corporation, which are both interested in buying the Marampa operation.

Bhushan Denies Sales Rumor

Bhushan Steel Limited (BSE:500055) denied a report by ET Now television channel that lenders to the steel maker have initiated the process of selling the assets of the troubled company. Tata Steel Limited (BSE:500470) and JSW Steel Ltd. (BSE:500228) are in talks with Bhushan’s lenders to buy the company, the report said, citing unidentified people. Tata Steel denied that it was in discussions with Bhushan. “We have neither been approached nor are we in discussions,” said a spokesperson of Tata Steel. Bhushan Steel said that it has not defaulted on payments to lenders and the question of selling assets does not arise. “The news is completely false and baseless,” a Bhushan Steel statement said. Hence, the question of lenders looking at selling it does not arise in this situation.” Shares of Bhushan Steel rose 3.53% to INR 111.35 on Bombay Stock Exchange.

JSW Steel In Advanced Stages Of Acquiring London Mining

JSW Steel Ltd. (BSE:500228) is close to acquiring London Mining Plc (AIM:LOND). "JSW Steel is very close to finalizing a deal to acquire London Mining which is battling big debts amid crashing iron-ore prices and the Ebola outbreak in Africa, where it operates a mine," a source privy to the information said. The announcement of acquisition may be made on October 21, 2014 along with the financial results, the source said without divulging details of the deal or financial considerations. Queries sent to the company about any possible acquisition of London Mining remained unanswered, reported Economic times.

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