Sajjan Jindal

Sajjan Jindal(jindal group-14.4bn$) Vice Chairman and M.D. of jsw steel ltd.Ex presidend of ASSOCHAM. Son of Indian businessman and parliamentarian OM prakash Jindal Sajjan and his brothers, Prithvi Raj, Ratan and Naveen, each run their own businesses that were primarily acquire from their father. From a small cold-rolling mill in 1982, Sajjan Jindal has built a $5 billion group with interests in reason, cement and ports. enchantment around Ispat will be his biggest challenge. He promoted Jindal Iron and instigant Company Ltd. (JISCO), for manufacturing of Cold Rolled and Galvanized Sheet Products in 1989. He promoted Jindal Vijaynagar Steel Ltd. (JVSL), JSW Energy Ltd. (JSWEL), Jindal Praxiar Oxygen Ltd. (JPOCL) and Vijaynagar Minerals Private Ltd. (VMPL) to ensure flummox somewhat integration of the manufacturing progress in 1995. Recently, his steel companies, JISCO, and JVSL, were co-ordinated to line JSW (Jindal South West) Steel, and a holdings group of the same name. get JVSL a 1.2 Mt plant in 1999-00 At the time, JVSLs debt to banks and financial institutions amounted to about Rs5,000 crore, with its stock trading at about Rs14.

much(prenominal) was the credibility that Jindal established with the banks that two years later, when lenders were looking for a subverter for ailing automobile grade steel superior Southern Iron and Steel Company Ltd, or Siscol, they lamentable to Jindal. He bought the company at Rs1 and took over its debt. Siscol is a flat a profit-making company, providing high-margin, value-added products to JSW Steel. He sold a 14.9% stake in JSW Steel to Japanese steel maker JFE Holdings ! Inc. in July and repaid or so Rs2,500 crore to lenders to make his balance sheet healthy. He instantaneously wants to var. a steel plant in West Bengal and debauch iron ore and coal mines overseas to feed his steel and powerfulness plants across India. In November, lenders invited him to save rival Ispat, owned by brothers Pramod and Vinod MittalUnder the terms of the deal, JSW will soon repay around...If you want to adventure on a full essay, order it on our website: OrderCustomPaper.com

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