Since its inception, the JSW-Dolvi Works Group has been moving from strength to strength, consistently breaking new grounds and spearheading new developments in iron and steel. JSW-Dolvi Works Has taken expansive technological strides to emerge as one of India’s leading manufacturers of quality steel products. In the process, the company and its parent Group have achieved many firsts in the steel sector and swept past a host of memorable milestones.

On 21 December 2010 it was declared that JSW Steel will buy controlling interest in Ispat Industries at an enterprise value of $3 billion to emerge as India's largest producer of the commodity with an annual capacity of 14.3 million tonnes.

 

Mr. M L Mittal, the founder chairman of the Ispat Group, begins his foray into the iron and steel business with the takeover of an ailing rolling mill in Calcutta, India. The plant is turned around and later sold off.

A combination of technological vision and management leads Mr. M L Mittal to experiment with an electric arc furnace at a steel plant in Vizag, India. Spotting emerging trends in steel-making technology, he establishes nine such greenfield plants in India. Soon, he acquires the necessary licence and takes over TOR Steel.

Mr. M L Mittal enters the international steel arena by setting up PT Ispat Indo in Indonesia. He christens his steel-making Group as ‘The Ispat Group’. In the Hindi language, ispat means steel.

This decade witnesses a series of acquisitions around the world and hectic expansion in India. The Ispat Group takes over the Iron & Steel Company of Trinidad and Tobago, Sidemgical Del Balsar SA, Mexico, and additional units in Canada, Germany and Ireland. In India, the Group sets up the first thin gauge galvanized sheet unit, a specialty mini-mill to make rails and structurals - Ispat Profiles, and a cold rolling complex at Nagpur.

Nippon Denro Ispat Limited was incorporated in 1984 and was granted the first Industrial License by Government of India for manufacturing Galvanised Plain/Corrugated Sheets.

Nippon Denro Ispat Limited, now known as Ispat Industries (IIL), is established and it rapidly emerges as the largest manufacturer of galvanised steel products in the private sector.

To better provide steel solutions to an increasingly sophisticated marketplace, IIL sets up a highly advanced cold rolling reversing mill, in collaboration with Hitachi of Japan, to manufacture a wide range of cold rolled carbon steel strips.

IIL instals a colour coating line – the first of its kind in India – for the manufacture of pre-painted colour steel sheets.

Nippon Denro Ispat Limited was granted Industrial License for Cold Rolled Sheets.

Business interests within the Ispat Group are demarcated. The eldest son, Mr. L N Mittal continues to manage the international operations while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focus on steel and other businesses in India.

IIL commissions the world’s largest gas-based single mega module plant for manufacturing direct reduced iron (sponge iron), at its Maharashtra-based Dolvi plant. Within three months, the plant exceeds its capacity of 1 million tonnes per annum (MTPA) of high quality DRI.

A 1.5 MTPA hot strip mill with Continuous Strip Processing (CSP) technology is installed at Dolvi. A mechanised multi-functional jetty situated close to the plant facilitates the automation of raw material handling.

A world-class integrated steel plant for the production of hot rolled coils is launched, armed with cutting edge technologies, such as the Conarc Process for steel making and the Compact Strip Process, both introduced for the first time in Asia.

The new millennium is witness to the erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex in record time.

    » Blast Furnace commissioned
    » Sponge iron capacity increased from 1.2 mtpa to 1.4 mtpa

    » Hot rolled coil steel-making capacity increased from 1.5 mtpa to 2.4 mtpa
    » Sponge iron capacity increased from 1.4 mtpa to 1.6 mtpa

    » Further expansion of Hot rolled coil steel capacity under implementation