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Profile | |
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Milestones Since its inception, the Ispat Group has been moving from strength
to strength, consistently breaking new grounds and spearheading new
developments in iron and steel. Ispat Industries, the flagship of the
Ispat Group, has taken expansive technological strides to emerge as
one of India’s leading manufacturers of quality steel products. In the
process, the company and its parent Group have achieved many firsts
in the steel sector and swept past a host of memorable milestones. Mr. M L Mittal, the founder chairman of the Ispat Group, begins his
foray into the iron and steel business with the takeover of an ailing
rolling mill in Calcutta, India. The plant is turned around and later
sold off. A combination of technological vision and management leads Mr. M L
Mittal to experiment with an electric arc furnace at a steel plant in
Vizag, India. Spotting emerging trends in steel-making technology, he
establishes nine such greenfield plants in India. Soon, he acquires
the necessary licence and takes over TOR Steel. Mr. M L Mittal enters the international steel arena by setting up PT
Ispat Indo in Indonesia. He christens his steel-making Group as ‘The
Ispat Group’. In the Hindi language, ispat means steel. This decade witnesses a series of acquisitions around the world and
hectic expansion in India. The Ispat Group takes over the Iron & Steel
Company of Trinidad and Tobago, Sidemgical Del Balsar SA, Mexico, and
additional units in Canada, Germany and Ireland. In India, the Group
sets up the first thin gauge galvanised sheet unit, a specialty mini-mill
to make rails and structurals - Ispat Profiles, and a cold rolling complex
at Nagpur. Nippon Denro Ispat Limited, now known as Ispat Industries (IIL), is
established and it rapidly emerges as the largest manufacturer of galvanised
steel products in the private sector. To better provide steel solutions to an increasingly sophisticated
marketplace, IIL sets up a highly advanced cold rolling reversing mill,
in collaboration with Hitachi of Japan, to manufacture a wide range
of cold rolled carbon steel strips. IIL instals a colour coating line – the first of its kind in India
– for the manufacture of pre-painted colour steel sheets. Business interests within the Ispat Group are demarcated. The eldest
son, Mr. L N Mittal continues to manage the international operations
while Mr. Pramod Mittal and Mr. Vinod Mittal, the younger brothers focus
on steel and other businesses in India. IIL commissions the world’s largest gas-based single mega module plant
for manufacturing direct reduced iron (sponge iron), at its Maharashtra-based
Dolvi plant. Within three months, the plant exceeds its capacity of
1 million tonnes per annum (MTPA) of high quality DRI. A 1.5 MTPA hot strip mill with Continuous Strip Processing (CSP) technology
is installed at Dolvi. A mechanised multi-functional jetty situated
close to the plant facilitates the automation of raw material handling.
A world-class integrated steel plant for the production of hot rolled
coils is launched, armed with cutting edge technologies, such as the
Conarc Process for steel making and the Compact Strip Process, both
introduced for the first time in Asia. The new millennium is witness to the erection and commissioning of a 2 MTPA blast furnace at the Dolvi steel complex in record time. 2003
2004
2005
And the saga has just begun… |
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