JSW steel
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Transcript of JSW steel
JSW STEEL LTD
Overview
India’s 3rd largest steel maker Sajjan jindal led enterprise has grown from
a steel rolling mill to a conglomerate worth Rs. 14700 Cr
ISO:9001 for Quality Management System ISO:14001 for Environment Management
System OHSAS:18001 for Occupational Health and
safety Management System
Vision
“The vision is to understand and connect with the expectations of the stakeholders and collectively move towards the enhancing to livelihood opportunities, for the youth around our plant location”
Mission
“ To manufacture steel in an economically viable manner and simultaneously preserving the environment and empowering the society by utilizing the potential of young thinking, adhering to our values, catalyzing growth and by creating sustainable livelihoods”
Sector wise Steel consumption
Product profile
Hot Rolled Products Cold Rolled Products Galvanised products Pre-painted Galvanised products Jindal vishwas Sheets
Hot products Applications
Automobile Boiler and pressure vessels Ship building Railways Transmission towers Oil and petrochemicals Marine containers Coal and mining General and heavy Engg
Cold products applications
Automobile White good Cold rolled formed section General Engg and Fabrication Packing Drums/Barrels Furniture
Galvanised products Applications Automobile Boiler and pressure vessels Ship building Railways Transmission towers Oil and petrochemicals Marine containers Coal and mining General and heavy Engg
Pre-painted Galvanised products Applications Roof, wall caddling and other building
products Household appliances Furniture's Automotives
Jindal vishwas sheets
Durability Lightweight Easy to install Low maintenance Environment friendly Fire protection
Key Persons
Companies list
JSW steel Ltd JSW energy Ltd JSW Holdings Ltd JSW Infrastructure and logistics Ltd Vidyanagar minerals pvt Ltd JSW Praxair oxygen Co. Ltd Jsoft solution Ltd
Cost cutting initiatives
Acquired East Coast Energy Pvt Ltd with a coke making capacity of 0.6 mpta
The waste heat from the coke oven is utilized for captive power transmission
Strategic tie-ups with south west port Ltd
R & D Development of high value products to
seve the niche market Quality upgradaton for existing products
enabling global acceptance Cost reduction by process development,
optimization and refinement to improve competitive edge
Technology Enhancement to increase production with quality
Market segment Improvement by interacting & sharing Knowledge with customers and assisting thm
Major Successes
Jindal steel pitches rails using new technology. Jindal to sell steel to Indian Railways
Jindal continue to be the 3 rd largest steel producing company in India
Marubeni Corporation jointly with Mitsubishi-Hitachi metals machinery is awarded a contract by JSW steels Ltd, for the supply of hot strip mill valued at Japanese Yen 16million
Major Failures
JSW steel which was setting up a 2 million tonne per annum coking coal facility in Mozambique, was not able to complete the project in time.
JSW vision to produce 32 million tonns of steel by 2020 may be affected if the pressure continues to be in their margin, there by declining in the surplus production and growth.
Weakness
The company’s dependence on iron ore, zinc and imported coking coal may impact its profitability
Very high financial cost compared with TATA steel and SAIL
Investors low confidence in the stocks The company only has flat products in its
product portfolio
Recommendations for weakness JSW should take active steps to rationalize
their high cost debt to reduce their interest burden
JSW should enter into strategic Tie-up/ sourcing contracts with raw material suppliers, any adverse fluctuations in the input cost will affect the margin of the company
Company should expand its product portiofolio
Should Improve its brand building efforts
Infrastructure
Concretized roads - Reduced the dust
pollution levels of the surrounding
Villages.
Clean Bellary Project.
Street lights & drinking water facilities Contribution towards building the
Rangasharda theatre and the ashram of Sri Sri Ravishankar at Bangalore and has donated land for an ayurvedic ashram in Vasind.
Rehabiliation of garages, dwellers and hawkers.
Safety
Training. Helmets & uniform. 24X7 Ambulance facility.
others
Meditation & yoga programmes.
Part time MBA.
Working conditions Platform. Opportunities. Involvement. Care & concern-environment.
Flexible Working Conditions –Flexi time
People are our principal asset. Paid Holidays- 10 paid holidays in a year. Leave Casual Leave- 7 days in a year. Sick Leave- 7 days in a year. Privilege Leave- 24 days for every
complete year of service. Maternity Leave- 12 weeks
Women Empowerment – Crane Operator
• To empower the underprivileged women
• JSW induct women workers into doing jobs at the factory level, which were traditionally reserved for men.
• Assessed after 4 months- promoted as Asst. Operators, Operators
• Enhancement of job profile- Rs. 7000-8000 against Rs. 400-500 per month
Training & Development
An employee is given ample opportunities to learn and grow.
Tie-up with JFE(Japan), VAI(Austria) for imparting training.
Employees are being trained in the UK, USA, France, Germany etc. at the site of the foreign collaborators.
Training & Development
• Training programs at JSW are classified as :1. Induction Training 15 days programme University of Manipal shop floor level and department and plant
visits besides technical, behavioural and safety and environment related modules
3 day yoga classes, Outbound Training, Business Etiquettes
Training & Development2. Continuous Training 20008-09, 93% of the company’s total
employees-
training modules for hard and soft skills development
IIM-Bangalore and IIM-Ahmadabad IIM-Lucknow, IIT-Powai, IIT-Roorkee, IIT-Chennai
and BITS-Pilani.
3. Foreign Training
4. Executive Training
5. Industrial Safety Training.
Health
Jindal Sanjeevini Hospital. Our commitment to people is not limited
to steel township but extends to the nearby villages.
Quaterly Newletters & Magazines
JINDALIGHT CONNECT
Canteen Facilities JSW provides delicious and unlimited
breakfast and lunch to its employees with very minimal charges. The canteen is highly concerned about observing complete hygiene throughout
Rewards & Recognition
The various awards presented by JSW under different categories are as under:
• Safety competitions• Best employee-JSW• Interdepartmental QC• Mera sujhav• Exemplary work• JSW sports
Accommodation
Not just houses…..but a way of life JSW has housing colonies Township ensures comfort of the
employees – clubhouse, swimming pool, recreation facilities, guest houses, temple, schools etc.
Education Jindal Vidya Mandir School. Jindal Adarsh Vidyalaya. Career Guidance programs. Computer Aided Learning Centre. Hostel for tribal residential school.
RETIREMENT BENEFITS
1. EPF & FPs
Employee’s Provident Fund & Family Pension Scheme.
Provides a lump – sum payment to employees on separation and pension under the Employees Pension Scheme.
Consists of monthly contributions from the employee’s salary and equal contributions towards the fund of the company.
2. VPF
Voluntary Provident Fund. The Employees can make voluntary
increase in the contribution towards the PF account over 12% deduction.
This subjects to a 20 % of the basic salary.
Health Initiatives
Jindal Sanjeevani Hospital. Mid-day meal project. Awareness on HIV-AIDS. Free Cataract Camps. Mobile health units. Mahuli Health Project.
Women Empowerment
Stree Shakti. Rural BPO. Vocational Training. Tie up with ITI. Women in male dominated jobs. Bridging the gap between
curriculum and jobs - Partnership with Fr. Agnel Technical College.
Environment
Bio-fuel Plantation. Rainwater Harvesting. Garbage Management. Drainage Development.
Jindal Art Foundation
Collaboration with Royal Court. Theatre. Vijayanagar Art Camp. Association with Enamellist Association of
India. Hampi Foundation. Sir JJ School of Arts. World Monuments Fund. ART India Magazine
Updates
JSW Steel inaugurated two of its exclusive Steel Shoppes in Hubli, Karnataka and the target is to open 25 more in western India by March 2011 and ramp up the count to 600 brand stores across the country over the next two years.
Any Questions