Business
With an annual turnover of over US $3.5 billion, Jindal Steel and Power Limited (JSPL) is part of the US $17 billion diversified O.P. Jindal Group. JSPL (earlier known as Jindal Strips Limited) was a moderately performing enterprise when Naveen Jindal first took over its Raigarh and Raipur operations in 1993. Today, JSPL operates the world’s largest coal-based sponge iron manufacturing plant in Raigarh, Chhattisgarh, and plants in Jharkhand and Orissa. The company has set up captive power plants using waste products from the sponge iron making process to generate power.
Naveen Jindal is the Chairman of Jindal Power Limited (a subsidiary of JSPL) which runs the 1,000 MW O.P. Jindal Thermal Power Plant in Raigarh, Chhattisgarh – India’s first such 1,000 MW plant in the private sector.
Naveen Jindal topped the executive pay charts for listed companies in India with a package of Rs 73.42 crore for the last fiscal 2011-12, which grew by over Rs six crore from previous year.
Read more about this topic: Naveen Jindal
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