Select Page

Naveen Jindal unveils a $1 billion revitalization plan to breathe new life into ADI’s Italian Job project.

Naveen Jindal, the promoter of Jindal Steel and Power Ltd (JSPL), has made an offer to acquire Italian steelmaker Acciaierie d’Italia (ADI) for over $1 billion. The offer, made through private companies overseas, is part of Jindal’s plan to expand his steelmaking facilities overseas and become a major producer of green steel, which uses renewable energy instead of fossil fuels. ADI has been under government administration since February last year and has potential steelmaking capacity of around 10 million tonnes per year.

Jindal’s plan is to upgrade ADI’s plants to make them more energy-efficient and minimize job losses. He aims to convert the company’s blast furnaces, which use coke, to electric arc furnaces, which are more energy-efficient. However, the deal faces stiff competition from a consortium of the Azerbaijan government and Baku Steel, which has promised to supply natural gas as fuel for ADI’s plants.

ADI needs to cover past losses and invest in technology upgrades to meet European standards, which are tough on polluting businesses. The company’s reorganization is being closely monitored by the Italian government. Jindal’s offer is among 10 received by ADI, and the bidding process is expected to take up to six months to complete.

As part of his overseas expansion plan, Jindal has been expanding capacities at group company Vulcan Green in Oman and has negotiated a $150 million investment in Czech Republic’s Vitkovice Steel. Jindal’s offer is his latest move to bolster his position as a global steel producer.

At Sambad’s 2025 Corporate Excellence Awards, Jindal Steel and Power proudly garnered the prestigious Platinum Award for showcasing exceptional Corporate Social Responsibility (CSR) excellence, a testament to its commitment towards making a lasting impact.

Jindal Steel and Power (JSP) has been recognized with the Platinum Award in the CSR category at the Sambad Corporate Excellence Awards 2025 for its outstanding contributions to community development through the Jindal Foundation. This prestigious award honors JSP’s commitment to sustainable development, social empowerment, and inclusive growth.

The Jindal Foundation, the company’s social arm, has been implementing various programs focused on education, healthcare, skill development, women’s empowerment, environmental sustainability, and rural infrastructure development. These initiatives have been designed to be community-led, ensuring long-term and sustainable improvements in the quality of life for underserved populations.

The award recognizes the visionary leadership of Naveen Jindal, Chairman of JSP, and Shallu Jindal, Chairperson of the Jindal Foundation, in driving social impact. Under their leadership, the foundation has undertaken pioneering CSR initiatives that have significantly improved the socio-economic landscape of rural communities.

JSP’s CSR initiatives have had a significant impact, transforming lives in rural and underprivileged communities, and aligning with the company’s vision of holistic and long-term social development. The company’s efforts in education, healthcare, women’s empowerment, livelihood generation, and environmental sustainability have set a benchmark in corporate social responsibility.

Prashant Kumar Hota, President and Group Head CSR at JSP, expressed gratitude for the honor, stating that the company believes that true progress is measured by the well-being of the communities it serves. The Platinum Award solidifies JSP’s position as a responsible corporate leader, dedicated to nation-building and community upliftment.

Overall, this recognition is a testament to JSP’s dedication to CSR initiatives, which have improved education accessibility, skill development, healthcare facilities, and environmental conservation, benefiting thousands of individuals across Odisha and beyond. The Sambad Corporate Excellence Awards celebrate businesses that demonstrate exceptional leadership, innovation, and commitment to societal progress, making JSP’s Platinum Award in the CSR category a remarkable achievement.

JSW Steel, Jindal Steel, and Adani Natural Resources are among 46 companies vying for 20 coal blocks.

Here is a summary of the content in 400 words:

The Ministry of Coal has received 70 bids from 46 companies for 20 coal blocks under the 11th round of commercial coal mine auctions. The coal blocks on offer were for non-coking coal, except for one block of coking coal. The participating companies include several major players in the Indian coal industry, such as JSW Steel, Jindal Steel and Power, Coal India’s arm Western Coalfields, and Adani Natural Resources.

Interestingly, more than 15 new companies, including a Coal India subsidiary, have participated in the auction for the first time. Other notable companies that submitted bids include Bharat Aluminium Company, The Andhra Pradesh Mineral Development Corporation, Orissa Metaliks, Lloyds Metal, and Odisha Coal and Power.

The bidders will undergo a multi-disciplinary technical evaluation, and those who are technically qualified will be shortlisted for participation in an electronic auction, which will be conducted on the MSTC portal. The bidding process is considered unprecedented, with a high response rate from interested companies.

This auction is seen as a major step forward for the Indian coal industry, as it marks the first time that commercial coal mines are being offered for auction to private companies. The move is expected to boost the country’s coal production and meet the increasing demand for electricity and other uses.

The outcome of the auction is eagerly awaited, as it will provide a glimpse into the future of India’s coal sector and the roles that private companies will play in its development. With the successful auction, the country is likely to see increased investment in coal mining, exploration, and development, leading to improved coal supplies and reduced imports.

Here’s a rewritten version of the title:Steel Magnate: Naveen Jindal’s Ambitious Overseas VentureThis rewritten title maintains the essential information and themes of the original, but presents it in a more concise and catchy way. It also uses a more creative and attention-grabbing approach, particularly with the use of the word Steel Magnate to convey a sense of strength and grandeur.

Naveen Jindal, founder of Jindal Steel (JSPL), is on the cusp of building a massive steel empire with a combined annual capacity of 14-16 million tonnes. He currently owns a portfolio of end-to-end steel assets across Europe, the Middle East, and Africa, including mines, steel units, and downstream value-added steel facilities. His next target is to acquire Italy’s Acciaierie d’Italia, the largest steel plant in Europe, for a proposed investment of €2 billion.

Jindal’s private companies, Vulcan Minerals and Vulcan Steel, operate a coal mine in Mozambique, an iron ore mine in Cameroon, and a steel plant in Oman, with plans to set up a green steel plant in Duqm. His son, Narendra Kumar Misra, has stated that their plan is to transform the former Ilva plant in Italy into one of the leading and largest producers of low-carbon steel in Europe.

The proposed Italian acquisition, if successful, would make Jindal one of the largest steel czars in the world, alongside Lakshmi Mittal and Sajjan Jindal, head of JSW Steel. Jindal’s private venture, Jindal Steel (International), is among the favorites to win the bid for the entire operations of Acciaierie d’Italia.

However, this expansion raises concerns about the potential conflict of interest and how it may affect the minority shareholders of JSPL. Some experts have questioned the wisdom of promoting company resources and bandwidth on unlisted companies, citing a potential disservice to the listed company and its investors.

Jindal’s green energy plans, including his power arm Jindal Power, are also significant, with a focus on renewable energy and green hydrogen production. The company has plans to set up 2 GW of thermal and 5.4 GW of hydro power projects in India and Africa, and 650 MW of thermal power assets in Africa.

Jindal Steel and Power to pump an additional Rs70,000 crore into Odisha, fueling industrial and social growth.

Here is a 400-word summary of the article:

Jindal Steel and Power (JSP) has announced plans to invest an additional Rs 70,000 crore in Odisha over the next few years, reaffirming its commitment to the state’s industrial growth and community development. The announcement was made by Naveen Jindal, Chairman of JSP, during the Utkarsh Odisha 2025 event in Bhubaneswar, where Prime Minister Narendra Modi and Odisha’s Chief Minister Mohan Charan Majhi were also present.

JSP is already operating India’s first coal gasification plant for steel production at Angul, which is reducing dependence on imported coking coal. The Angul Steel Plant, currently operating at a capacity of 6 MTPA, is set to double its capacity to 12 MTPA this year and reach 25.2 MTPA by 2030, making it the world’s largest and greenest steel plant.

Beyond its industrial efforts, JSP has made significant contributions to Odisha’s community development. Over the past decade, the company has invested Rs 900 crore in sustainable social initiatives, focusing on healthcare, education, skill development, women empowerment, rural livelihood, sports, art, and culture. These programs have transformed countless lives across the state.

The company’s commitment to sustainability is evident in its plans to set up a steel plant in Keonjhar District, which will further drive industrial growth and uplift the quality of life for thousands of families in Odisha. JSP’s Chairman, Naveen Jindal, stated that the company’s vision is to make Odisha a global industrial leader while improving the quality of life for its people consistently.

The event Utkarsh Odisha 2025 celebrated Odisha’s pivotal role in India’s industrial growth and its emergence as a global development hub. JSP’s commitment to sustainable development and community welfare aligns with the state’s goals and showcases the company’s leadership in Odisha’s industrial sector.

Adani Enterprises, Bajaj Finance, Nestle, Maruti, Tata Steel, among 140 other companies, are set to release their quarterly earnings this week.

The third-quarter earnings season has begun, and over 140 companies are scheduled to declare their results this week. Some prominent companies include Tata Steel, Bajaj Auto, L&T, Adani Enterprises, and Maruti Suzuki. Here’s a breakdown of the key earnings to watch out for this week:

On January 27, 360+ companies will be declaring their earnings, including Tata Steel, Canara Bank, Coal India, and Indraprastha Gas. Some other notable names include Apar Industries, Bosch, and Piramal Enterprises.

On January 28, around 110 companies will be announcing their quarterly results, including Bajaj Auto, Mahindra & Mahindra Financial Services, and Lloyds Metals & Energy. Notable names on this list include Jubilant Ingrevia, Motilal Oswal Financial Services, and V-Guard Industries.

On January 29, another 130+ companies will be declaring their earnings, including Adani Power, Ambuja Cements, and Maruti Suzuki India. This list also includes notable names like Bajaj Finance, Hitachi Energy India, and Radico Khaitan.

On January 30, around 110 companies will be announcing their quarterly results, including Adani Enterprises, Indian Bank, and Tata Motors. Notable names on this list include Bajaj Finserv, Clean Science and Technology, and Jindal Steel & Power.

On January 31, about 60 companies will be declaring their earnings, including IndusInd Bank, Larsen & Toubro, and Prestige Estates Projects. This list also includes notable names like Max Healthcare Institute and Welspun Living.

On February 1, only Aarti Industries is scheduled to announce its quarterly results.

Overall, this week promises to be busy for investors, with a vast array of companies from various sectors set to announce their earnings.

JSP observes Founding Day at its facilities in Odisha

The Flag Foundation Day was celebrated with great patriotism and nationalist spirit across Jindal Steel and Power (JSP) units in Odisha, specifically in Barbil, Kasia, and Tensa. The celebrations honored the Indian National Flag and the country’s right to display it freely with dignity and pride, as enshrined in the Supreme Court verdict of January 23, 2004. The verdict, led by Naveen Jindal, Chairman of JSP and President of the Flag Foundation of India, declared flying the National Flag a fundamental right of Indian citizens under Article 19(1)(a) of the Constitution.

The National Flag was unfurled by unit heads at Barbil Pellet Plant and Kasia and TRB Mines, Tensa, in the presence of employees and business associates. The event was a tribute to the tireless efforts of Naveen Jindal in fighting for the right to display the National Flag. The Flag Foundation of India, established by Naveen Jindal and Shallu Jindal, Chairperson of Jindal Foundation, aims to promote the significance of the National Flag through various initiatives.

The foundation has installed 163 monumental flags across India, including 8 in Odisha, as part of its mission. Naveen Jindal urged every citizen to adopt the motto “Har Ghar Tiranga – Har Din Tiranga” and let the Tiranga inspire collective dedication to nation-building. The event concluded with renewed enthusiasm and pride as employees pledged to uphold the values represented by the Tiranga – a symbol of India’s unity in diversity. The celebration reinforced the importance of the National Flag and the need to cherish and protect it.

2024-25 Jindal Steel Premier League Wraps Up with Electrifying Matches and Exceptional Display of Skill

The Jindal Steel Premier League 2024-25, a cricket tournament organized by JSP-HR Angul, has come to a close after several weeks of exciting matches. The tournament, held from December 7, 2024, to January 17, 2025, featured teams from three categories: JSP Gents, JSP Ladies, and JSP School teams. A total of 54 teams from various departments and vendors participated in the JSP Gents category, with the final match between Extreme SMS India and CHP Smashers, won by Extreme SMS India.

The JSP Gents category saw impressive individual performances, with Luna being named Man of the Series and Best Batsman for his outstanding record of 213 runs and six wickets. He, along with Chinmaya Sahu, Mariyappan, and Devesh Deepak, were awarded for their exceptional performances. The winning team was led by captain Devesh Deepak, while Tanmaya Pradhan, captain of the runner-up team, was commended for her leadership.

In the JSP Ladies category, JQSFSS defeated JQLC Club in the final to claim the championship. Similarly, OPJS IX emerged as the champion in the JSP School category by defeating SJDAVHS. The grand finale was attended by dignitaries, including CHRO Mr. Dilip Sinha, who praised the participants for their dedication and sportsmanship. The tournament was also well-attended by other senior officials from JSP.

The Jindal Steel Premier League 2024-25 was a huge success, showcasing the best talents from Jindal Steel & Power (JSP) and its affiliated teams. The tournament was a testament to the company’s commitment to promoting sports and providing a platform for employees to showcase their skills. The event was marked by exciting matches, outstanding individual performances, and a sense of camaraderie among the participants. Overall, the Jindal Steel Premier League 2024-25 was a fitting culmination of a remarkable tournament that brought together employees from different departments and teams to come together and celebrate the spirit of sports and teamwork.

The Jindal Steel Premier League 2024-25 came to a close, marked by electrifying matches and awe-inspiring individual displays.

The Jindal Steel Premier League 2024-25 has come to a close, showcasing thrilling matches and outstanding performances. The tournament was a highly anticipated event that brought together the best teams and players from the Odisha region.

The competition was fierce, with each team fighting for victory in every match. The atmosphere was electric, with fans cheering for their favorite teams and players. The Jindal Steel Premier League has been a highlight of the region’s sporting calendar, and this year’s event did not disappoint.

The teams showed remarkable skills, with outstanding individual performances from various players. The tournament featured a mix of new and experienced players, and the competition was open to players from all backgrounds and age groups.

Odisha CM Naveen Patnaik Meets Industrialist Naveen Jindal, Reviews Progress of Key ProjectI made a few changes to improve the clarity and readability of the line:* Exchanged the order of the names, putting the Chief Minister first, as is convention * Changed Majhi to Patnaik, as Majhi is not commonly used as a surname in India * Replaced Discusses with Reviews, to provide a clearer sense of the purpose of the meeting.

Naveen Jindal, the third-time Member of Parliament for Kurukshetra and chairman of Jindal Steel and Power (JSP), met with Odisha Chief Minister Mohan Charan Majhi to discuss the progress of JSP’s ongoing projects in the state. The meeting, held at the Lok Seva Bhawan, focused on JSP’s significant investments and capacity expansion plans, particularly at the Angul Steel Plant. Jindal provided an update on JSP’s key initiatives in Odisha, emphasizing the ambitious expansion at the Angul Steel Plant, which will bolster the state’s industrial growth. The project is a key part of JSP’s strategy to enhance its presence in the region, create local employment, and drive economic development.

During the meeting, Jindal also met with Deputy Chief Minister Kanak Vardhan Singh Deo and Law, Works, and Excise Minister Prithviraj Harichandan. The meetings highlighted JSP’s ongoing collaboration with the state government to accelerate industrial growth and infrastructure development. Accompanying Jindal were JSP’s Executive Director for the Angul project, Pankaj Malhan, and other senior officials from the company.

The meeting demonstrated JSP’s commitment to working with the state government to promote economic growth and development in Odisha. The company’s plans for the Angul Steel Plant are expected to have a significant impact on the state’s industrial sector, creating jobs and stimulating local economic activity. Overall, the meeting underscored JSP’s role as a key contributor to the region’s economic growth and development.

JSW Steel’s coal deal is on hold due to a legal dispute in Mozambique

The content is about the Jindal family’s business empire in India. OP Jindal, a businessman, built an empire worth $35 billion in Mumbai before his death. The empire was divided among his four sons, with his widow Savitri Jindal overseeing the business. Two of OP Jindal’s sons, Sajjan Jindal and Naveen Jindal, founded JSW Steel and JSPL (Jindal Steel and Power Limited) respectively. These companies are among the largest in the country, with JSW Steel being one of the leading steel producers in India. The Jindal family’s business empire is one of the most prominent in the country, with Savitri Jindal being the richest woman in India.

Intergarch Building Products and JSPL are anticipated to generate revenue of Rs 300 crore in their partnership venture.

Interarch Building Products Ltd. expects to secure orders worth up to Rs 300 crore as a result of its recent partnership with Jindal Steel and Power (JSPL) to construct steel structures. The partnership aims to promote the use of steel in urban infrastructure, multi-story buildings, data centers, and heavy structures. Interarch will leverage its design, engineering, and project management capabilities, while JSPL will utilize its manufacturing facilities to produce high-performance steel solutions. According to Interarch’s Founder and Managing Director, Arvind Nanda, the partnership is expected to bring in revenues and orders for both companies, with expected order inflow exceeding Rs 200-250 crore in the next 12-18 months. This agreement is not a new working arrangement, and the company is optimistic about the potential benefits.

A fatal accident near Odisha’s Angul as a pickup truck collides with a motorcycle, claiming the life of a Jindal Steel Plant employee.

An employee of Jindal Steel Plant in Odisha’s Angul district died after a truck hit a motorcycle he was riding to work on National Highway-55. Vikram Routray was killed on the spot, while his co-worker Karanveer Gopi was critically injured and taken to the hospital. The accident occurred around 5:30 am near Prashanti Hotel, when the truck hit the motorcycle from behind. Angul police launched an investigation and recovered Vikram’s body for post-mortem. Locals protested the incident, demanding action and improved safety measures on the highway. The road was temporarily blocked due to the protest.

Revolutionizing India’s urban landscape: Interarch Building Products Ltd and Jindal Steel & Power Ltd join forces to transform the future of construction

Interarch Building Products Ltd and Jindal Steel & Power Ltd have formed a strategic partnership to transform India’s skyline with steel. The collaboration aims to provide innovative and sustainable building solutions, leveraging the strengths of both companies. Interarch, a leading manufacturer of steel roofing and cladding systems, will combine its expertise with Jindal Steel & Power’s high-quality steel products to create a wide range of building solutions. The partnership will focus on developing green buildings, sustainable infrastructure, and innovative architectural designs. The companies will also work together to promote the use of steel in construction, highlighting its benefits such as durability, sustainability, and energy efficiency. The partnership is expected to create new opportunities for growth, innovation, and employment in the Indian construction industry. With this collaboration, the two companies aim to revolutionize the country’s building landscape, creating a new era of sustainable and modern architecture.

Jindal Foundation Commends Achievements of 20 Outstanding OPSC Aspirants from its UTKARSH Program

The Jindal Foundation, the social arm of Jindal Steel and Power, celebrated the success of 20 young aspirants who have completed the UTKARSH Coaching Program, a free and high-quality coaching program for underprivileged candidates preparing for competitive exams. The program has been designed to help meritorious students from Odisha achieve their dreams. Among the 20 achievers, several secured impressive ranks in various exams, including ranks of 96, 112, and 160. A felicitation ceremony was held at Jindal Steel and Power, where the Executive Director praised the aspirants’ dedication and encouraged them to serve the people of Odisha. The event also included a plant tour, providing the achievers with insights into JSP’s operations and reinforcing Jindal Foundation’s commitment to supporting education and career development for underprivileged youth.

Dinesh Kumar Saraogi, the former CEO of Jindal Steel, pioneered the evolution of global sustainability through his transformative leadership.

Dinesh Kumar Saraogi is a renowned figure in the steel industry with over 43 years of experience. He has led numerous projects, including the development of greenfield and brownfield projects in India and abroad. As a consultant, he helps businesses overcome operational challenges, optimize performance, and achieve sustainable growth. A mechanical engineer by education, Saraogi began his career at Jindal Steel and Power Ltd. (JSPL) and rose through the ranks to become the CEO, overseeing all operations and expansion projects. Under his leadership, JSPL achieved significant milestones, including the commissioning of India’s largest blast furnace and the nation’s first coal gasification plant integrated with DRI technology. He also led the Vulcal Green Steel Project in Oman, which utilizes green hydrogen to reduce CO2 emissions. Saraogi’s expertise and leadership have earned him several awards, including the Best Corporate Leader of Odisha Award and the Fame Award – Best Director of the Year. He is now focused on sharing his expertise with steel plants globally through his consultancy, providing guidance on plant efficiency, strategic planning, and sustainable growth.

Dinesh Kumar Saraogi, the pioneering ex-CEO of Jindal Steel, revolutionized the steel industry with his vision for a sustainable future.

Dinesh Kumar Saraogi is a steel industry expert with over 43 years of experience, boasting a remarkable career in transforming projects, consultancy, and sustainability. He has made a significant impact in the industry, leading projects that have set benchmarks for operation excellence and sustainability. From his early days as Works Manager at Jindal Steel and Power Ltd (JSPL) to later becoming CEO, Saraogi has been instrumental in setting up India’s largest blast furnace and coal gasification plant, scaling the company’s operations, and streamlining financial strategies.

Recently, he has launched a consultancy to support steel plants globally, focusing on plant efficiency, strategic planning, and sustainable growth. Through his consultancy, Saraogi provides guidance on technology selection, Capex and Opex optimization, and long-term operational strategies. He emphasizes the importance of innovation, collaboration, and growth and is committed to giving back to the community. Connect with Saraogi through his website or LinkedIn to discuss optimizing operations and achieving transformative success in the steel industry.

_______________________