JSW Steel wins prestigious Platts Global Metals Award
JSW Steel Ltd., the flagship company of $11 billion Indian conglomerate JSW Group, has won the prestigious "The Industry Leadership Award" at Platts Global Metals Awards, held recently in London.
Mr Seshagiri Rao, Joint MD, JSW Steel and Group CFO said, "It gives us immense pleasure to get the prestigious Platts Global Metals Award. The company remains committed to the pursuit of challenging targets, safety, environmental protection, transparency, openness and social responsibility in every aspect of business around the world."
The award is given in recognition of achievements mainly in the fields of steel, metals and mining. Platts has ranked the Industry Leadership Award category on five parameters - Financial Results, Innovation, Product Quality, Safety and Strategic Vision. Under Financial Results, it reviews Annual Report, Company Growth figures and projections, Credit rating, Capital assets whereas in Innovation, it checks technology, processes, cost effectiveness and sustainability. On Product Quality aspect, records of reliability based on low percentage of load rejections, consistency of product specifications and timely delivery are some of the parameters which are evaluated while on Strategic Vision, Platts evaluates vision of the company.
Merger of JSW Ispat with JSW Steel
Earlier with effect from 1st June, JSW Steel has completed the merger of JSW Ispat Steel with itself. With the merger JSW Steel has now become the second largest steel producer in India after Steel Authority of India (SAIL) with 14.3 million tones capacity.
JSW Steel has a wide range of products which include pellets, slabs, HR coils/sheets, HR plates, CR coils, galvanized coils/sheets, and colour coated coils/sheets. In fact JSW Steel is one of the principal manufacturers of cold rolled, galvanized, and colour coated steel in India.