File_2012_Document1

34 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsGlobal VenturesAnnual Report 2011-1235Transnational progressMiddle EastDRI Plant at Shadeed, OmanAfricaAnthracite coal at mines in South AfricaShadeed, OmanIn July 2010, JSPL acquired Shadeed Iron & Steel Co. LLC (Shadeed), a company incorporated under the laws of the Sultanate ofOman. Shadeed has installed a 1.5 MTPA Gas-based HBI plant at Sohar Industrial Port with an investment of US$ 525 million andcommenced production in record time (January 2011), about four months ahead of schedule. Currently, the Company is adding asteelmaking facility of 2 MTPA in Oman. It will set up the first integrated steel plant in the Sultanate of Oman.Jindal AfricaJSPL has presence in South Africa, Mozambique, Madagascar, Tanzania and Zambia. While its commercial interests are predominantlyin mining, it is also expanding projects in the fields of steel, energy and cement. The Company is exploring opportunities for miningcoking coal, iron ore and high-value minerals, such as copper, platinum and chrome.Key highlightsModified raw material and producthandlingsystems, resulting inimproved quality and yieldEnhanced pollution control measures;pollution levels are below permissiblelimitsIncreased safety initiatives to achievezero accidentsReceived approval from MajanElectricity company for increasedpower supply from 191 MVA to266 MVA to operate additional2 MTPA Steel Melting Shop (SMS)Commissioned 4th Hot Briquette Iron(HBI) machineCommissioned raw material stacker,reclaimer and HBI stackerCommissioned HDRI dispatches toSharq Sohar SteelKey highlightsHead office is based in Johannesburg,South Africa and operations includeKiepersol Colliery outside the town ofPiet Retief in Mpumalanga province.The mine produces high-qualityanthracite coal that is sold locally andinternationallyJindal Africa is developing a coalmine (10 million ton annual capacity)in Mozambique’s coal-rich Moatizeregion. The first coal export isexpected to commence in2012-13Plans to establish a cement plant inMadagascar, which will be supplied byits own limestone minesInvolved in extensive coal, copperand iron ore exploration activities inTanzania and have been granted alicense to mine copperEvaluating several projects for copperexploration and mining in ZambiaPlans to expand its footprint inBotswana and Namibia