JSW Steel Ltd.

JSW Steel expects that in next 18 to 24 months its subsidiary company JSW Ispat Steel (formerly known as Ispat Industries) will turn profitable. The company anticipates for turnaround only after completing the integration of facilities, which will happen by September, 2013. JSW had acquired Ispat Industries in 2010.

Earlier, JSW Steel had reported 27% growth in crude steel production in Q1FY13 as compared to corresponding period of last fiscal year. The company had posted a total crude steel production of 2.14 million tonnes a growth of 27%, of which, production of Rolled Product (Flat) stood at 1.61 million tonnes a growth of 36% while, production of Rolled Product (Long) stood at 0.44 million tonnes, a growth of 27%.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.