Jindal Africa is a part of Indian multinational conglomerate Jindal Steel and Power Limited (JSPL), which in turn is part of the US$15 billion, diversified O.P. Jindal Group. This industrial conglomerate is a leading player globally in the steel, power, mining, coal to liquid, oil & gas, and infrastructure sectors.
Jindal recognises that Africa is endowed with great mineral wealth and hardworking committed people. Its intent is to pass on its inherent knowledge and experience to the continent by enriching lives, creating job opportunities and adding value.
“We come as a foreign entity but we want to work as a local company” - CEO, Mr Ashish Kumar
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Jindal Africa is working vigorously to entrench and expand its foothold in Africa to the benefit of its holding group and its local stakeholders. To this end, the company is currently involved in numerous exploration and mining operations across five continents while also looking out for and planning projects in the steel, power and related industries.
Jindal Africa has established its headquarters in Johannesburg, South Africa, from where it oversees the regional operations and expansion plans. Its operational activities in the country include the Kiepersol Colliery, outside the town of Piet Retief in Mpumalanga province, in which it has taken a significant shareholding. The mine produces high quality anthracite coal that is sold locally and internationally.
In Mozambique, Jindal Africa is one of only three companies with mining rights in the coal-rich Moatize region, where operations on its 10 million tonnes per annum coal mine will commence in 2012. Further afield, the company plans to establish a cement plant in Madagascar that will be supplied by its own limestone mines. Jindal Africa is involved in extensive coal, copper and iron ore exploration activities in Tanzania and has been granted a license to mine copper.
Mining in Africa is undoubtedly one of Jindal Africa’s focus areas, from which it expects to generate revenue of at least US$1 billion dollars over the next five years, although its outlook is far broader than this. Jindal Africa intends growing its capital investment portfolio in other industries such as steel, power and cement production.
The company has a long-term view of Africa and endeavours to set an example for other corporate institutions looking to expand globally by the manner in which it contributes to the overall economic development of the continent.
Jindal Africa recognises that it needs to invest in its people, particularly the communities in which it operates. The company is noted for living up to its commitment to ensure sustainable development in the areas where it operates by building long-term relations and partnerships with key stakeholders.
A key part of its engagement strategy is a firm commitment to contributing to sustainable development through various CSR initiatives that demonstrate Jindal Africa’s commitment to investing in the social upliftment of the people in Africa.
Jindal Steel & Power Ltd (JSPL) is an Indian multinational conglomerate with a presence across five continents. The company is a world leader in steel production with a significant presence in the mining, power generation, oil and gas and infrastructure sectors and has emerged as one of India’s most dynamic business groups, employing more than 50 000 people globally.
JSPL operates the largest coal-based sponge iron plant in the world and aims to ramp up its steel capacity to 20 million tonnes per annum and power capacity to 10 000 MW within India over the next 10 years. Globally, JSPL is in possession of 20 billion tonnes of iron ore reserves in Bolivia, operates a 2 million tonnes per annum steel plant in Oman, a one million tonne anthracite coal mine in South Africa, and is developing 10 million tonnes of coking coal in Mozambique.
Since its establishment, JSPL has scaled new heights with the combined force of innovation, adaptation of new technology and the collective skills of its strong, committed workforce.
JSPL’s achievements may be phenomenal, but the company stays true to its vision of being a globally admired organisation that enhances the quality of lives of all stakeholders through sustainable industrial and business development. Passion for excellence and a firm commitment to all stakeholders and the community at large has made the company a responsible corporate powerhouse.
