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Mr Naveen Jindal, the youngest son of the
steel visionary Late Shri O.P. Jindal,has transformed Jindal
Steel & Power Limited, a moderately performing company in
the steel sector into a star performer.
After completing his MBA from the US, Mr Jindal took over the
management of the Raigarh & Raipur divisions of Jindal
Strips Limited (JSL) in 1993 at a challenging time when these
divisions were in their difficult phase making huge financial
losses.
The Raigarh unit was envisaged at the time
when it was a challenge to successfully implement a coal based
sponge iron technology using high ash Indian non coking coal.
The Raigarh plant was set up in backward and tribal areas of
Chhattisgarh (erstwhile Madhya Pradesh), which made operating
the plant all the more challenging. The unit, under the
leadership of Mr Naveen Jindal, not only successfully adapted
the coal based sponge iron technology but also ventured into new
areas by setting up captive power plants which use waste
products of the sponge iron making process to generate power.
The addition of captive iron ore and coal
mines has enhanced the operational efficiencies of the plant ,
making Jindal Steel & Power Limited a trailblazer in the
steel sector. This business model of complete backward and
forward integration has now become a benchmark in the steel
industry.
JSPL has seen a spectacular growth under the
leadership of Mr Naveen Jindal and is today one of the most
efficiently run steel companies in the world for its scale of
operations. Mr Jindal however sees this success as a result of
the invaluable guidance and inspiration that he draws from his
father and hard work put in by the dedicated team of
professionals and workers.
JSPL has seen a spectacular growth under the leadership of Mr
Naveen Jindal and is today one of the most efficiently run steel
companies in the world for its scale of operations. Mr Jindal
however sees this success as a result of the invaluable guidance
and inspiration that he draws from his father and hard work put
in by the dedicated team of professionals and workers.
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