[Kavita]

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Hi I would like to have the information about the JSW Steel Ltd. which is the flagship company of the JSW Group as well as the information about Jindal Vijayanagar Steel Ltd?

[Vishal Kotkar]

JSW Steel Ltd. (BSE: 500228, NSE: JSWSTEEL) The leader organization of over $11 billion JSW Group, JSW Steel is one of India's driving coordinated steel producers with a limit of 18 MTPA. It is one of the quickest developing organizations in India with an impression in more than 140 nations. JSW STeel is an Indian steel organization possessed by the JSW Group situated in Mumbai, Maharashtra,

A $11 billion aggregate, with nearness crosswise over India, USA, South America and Africa, the JSW Group is a piece of the O.P. Jindal Group with solid impressions crosswise over center financial parts, to be specific, Steel, Energy, Infrastructure, Cement, Ventures and Sports.[4] JSW's history can be followed back to 1982, when the Jindal Group procured Piramal Steel Limited, which worked a little steel process at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO).

The Jindals, who had wide involvement in the steel business, renamed it as Jindal Iron and Steel Co. Ltd. (JISCO). Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994, with its plant situated at Toranagallu in the Bellary-Hospet zone of Karnataka, the heart of the high-review press metal belt and spread more than 3,700 sections of land (15 km2) of land.

The Board of Directors of Jindal Vijayanagar Steel Ltd at their meeting held (November 13, 2003) considered and affirmed a Scheme of Arrangement. The remarkable elements of the Scheme are as per the following: -

1. Demerger of Investment Division (counting value holding in Jindal Vijaynagar Steel Ltd) of Jindal Iron and Steel Company Ltd (JISCO) into Jindal South West Holdings Ltd (JSWHL)

In thought, the value shares will be issued to the shareholders of JISCO in the proportion of 1 value share of JSWHL for each 4 value offers held by them in JISCO.

No Liabilities will be exchanged alongwith the Investment Division.

The Investment Division of JISCO would be liable to subsisting charges and promises, assuming any.

The shares of JSWHL will be recorded on the Stock Exchange, Mumbai, National Stock Exchange and Delhi Stock Exchange.

The selected date for the demerger is April 1, 2003.

2. The amalgamation of JISCO (barring the Investment Division) Into JVSL.

The Share trade proportion for the amalgamation is 16 (Sixteen)- value shares of Rs 10 each of JVSL for 1 (one) value share of Rs 10 each held by the shareholder of JISCO.

Be that as it may, since the Scheme imagines decrease of capital of JVSL as in 2.4 the trade proportion sahll be changed in accordance with one value share of Rs 10 each of JVSL for one value share of Rs 10/ - each held by the shareholders of JISCO.

The Appointed Date for the Scheme is April 1, 2003.

On the Scheme being compelling, the name of JVSL might be change to that of the organization i.e. Jindal Iron and Steel Company Ltd.

The Scheme is liable to essential assent, endorsement of the imperative greater part of the shareholders, moneylenders, leasers of JISCO, JSWHL and JVSL, the Bombay High Court, the Karnataka High Court and the authorization or endorsement of the Central Government or whatever other statutory or administrative experts which by law might be fundamental for the execution of the Scheme.