This indian company got the title of world's number 1 steel company!
JSW Steel Limited has become the world's most valuable steel company, beating many steel making companies like Arcelor Mittal and Nucor Corp. The market capital of this $30.31 billion company is $91 million to $3 billion more than its closest competitors.
Company's target for the coming years
JSW Group has plants in Vijayanagar, Dolvi and Salem. Apart from this, the company's business is also spread from America to Italy. Currently, its steel making capacity is 35.7 million tonnes (MT). The company aims to increase it to 43.5 MT by financial year 2028 and 51.5 MT by 2031. Analysts at Motilal oswal believe that this increasing scope of the company prepares JSW Steel for long term growth. This will increase production.
Parth Jindal expressed gratitude
Parth Jindal wrote on his official X account, "Very proud to announce that JSW Steel has become the world's largest steel company in terms of market capitalization." Along with this, he expressed pride in the hard work of his father Sajan Jindal and mother Sangeeta Jindal as well as the entire JSW Group in this post and said - "We are very grateful and will not stop here."
Who is the owner of JSW?
JSW Steel, formed in 1982, is a multinational company that manufactures steel with high quality and technology. This flagship company of the JSW Group is headquartered in Mumbai. It has an integrated steel plant in Torangallu, Karnataka. Sajan Jindal is the chairman and managing director of JSW Steel. His mother savitri S Jindal is the chairperson of the company. The CEO of the company is Jayant Acharya. Its product portfolio includes flat and long steels used in various sectors such as automotive, construction etc.
