Jindal Steel & Power

The man with a vision - Late Shri O.P. Jindal
 
 Shri Om Prakash Jindal more popularly known as O.P. Jindal was born on
 August 7, 1930 to a farmer Late Netram Jindal of village Nalwa of
 district Hisar in Haryana. Since his childhood the young Jindal had
 interested in technical work. He started his industrial career with a
 small bucket-manufacturing unit in Hisar. In 1964, he commissioned a
 Pipe Unit Jindal India Limited, followed by a large factory in 1969
 under the name Jindal Strips Limited.
 
 Sh. Jindal always had the conviction that India should be self-reliant
 in every sector of industry. He visited several foreign countries to
 elicit latest industrial technical development and know-how. He
 acquired a great deal of knowledge, which he aptly applied to enhance
 production of his industrial establishments. At present, there are
 twenty factories under the flagship of the Jindal Organization, which
 are worth over Rs.12,000 crores, under whose umbrella thousands of
 families directly or indirectly benefit themselves.
 
 Sh. O.P. Jindal was the Chairman of the Jindal Organization. In
 November 2004, Sh.Jindal was conferred the prestigious Life Time
 Achievement Award for his outstanding contribution to the Indian Steel
 Industry by the Bengal Chamber of Commerce & Industry. According to the
 latest Forbes1 List, Sh. O.P. Jindal has been ranked 13th amongst the
 richest Indians of the country and placed 548th amongst the richest
 persons of the world.
 
 His life's mission was to help others particularly the common man in
 every possible way. The list of his philanthropic activities is rather
 long. He was the Chairman of N.C. Jindal Charitable Trust, under whose
 auspices a 300 Bed N.C.  Jindal Institute of Medical Care functions in
 Hisar Haryana. A 10+2 Girls Residential School in the name of Vidya
 Devi Jindal School is also run at Hisar. The girls school spreads over
 40 acres of land. Another 10+2 school by the name of N.C. Jindal Public
 School for 4000 students is being run in Delhi. For his selfless social
 services and philanthropic contributions, he was unanimously nominated
 as the Chairman of the Maharaja Agarsen Medical Education & Scientific
 Research Society. He was also the custodian trustee of the Agroha Vikas
 Trust. Sh. Jindal was known for his unassuming generosity and donates
 crores of rupees annually not only to known but also to needy
 strangers. Numerous social and religious institution of India also
 received liberal donations from Sh. Jindal for noble causes.
 
 He was a successful industry visionary and would remain as a role model
 for others. On account of his dedicated services to various sections of
 society particularly, of the poor and backward classes, he was revered
 by all. In the recent years, he was dedicating his maximum time for
 alleviating poverty of the economically backward people. Sh. Jindal
 always advocated for granting a rightful place for weaker sections in
 politics. He was above caste politics and wanted all to come up
 regardless of their caste, colour and creed. For these qualities he
 commanded great respect amongst the masses. He firmly held the view
 that all differences in life that exist today can be amicably resolved
 with meaningful meetings and dialogues.
 
 Sh. Jindal's philosophy was that without the upliftment of weaker and
 backward sections of society our nation's dream of being a leading
 nation of the world shall remain unfulfilled. To realize his this
 conviction he was motivated.into politics. Like industry even in
 politics he had a successful story to tell.  He received tremendous
 support and cooperation of people in the political arena and
 resultantly became a Member of the Haryana Legislative Assembly in
 1991. Soon after in 1996, he was elected as a Member of Parliament in
 the 11th Lok Sabha from the Kurukshetra Parliamentary Constituency of
 Haryana with a landslide victory. Infact, he was the first
 industrialist of India to be elected as a Member of Parliament in Lok
 Sabha.
 
 As a Member of Parliament, he proved himself as a matured, seasoned and
 an honest parliamentarian who came up to the expectation of people, who
 had consigned faith in him. He liberally funded various welfare
 projects not only from the Government but also from his personal
 resources. Sh. Jindal was a sitting Congress MLA from the Hisar
 Legislative Assembly and was appointed Minister of Power, Govt. of
 Haryana. Sh. Jindal won the Hisar Legislative Assembly seat of Haryana
 consecutively thrice.
 
 Sh Jindal's mantra was where others saw walls he saw doors. Then
 whether it was opening doors or breaking down walls he always led the
 way.
 
 The life journey of Sh. Jindal from a farmer's son to a successful
 industrialist, a philanthropist, a politician and a leader would serve
 as a great source of inspiration for generations to come. At Jindal
 Steel and Power, his vision, spirit and ideals will always remain
 eternal.
 
 Smt. Savitri Jindal: Carrying the legacy of Shri O.P. Jindal forward
 
 Smt. Savitri Jindal - a lady with a mission. And an able trusted figure
 to carry Shri 0. P. Jindal's mission of taking the Jindal Organization
 forward and even helping the common man in every possible way. She will
 now be the guiding force of the over Rs. 12,000 crore Jindal
 Organization and has been appointed as an additional director and
 chairperson of the board of the company. She will take .personal
 interest in philanthropic activities like building and running schools,
 medical education trusts and donations to various religious
 institutions.
 
 Smt. Savitri Jindal believes that corporate social responsibility and
 social development should be the aim for any corporate organization.
 She will be dedicating ample time for alleviating poverty of the
 economically handicapped and backward people. In the many roles she
 will play, one thing will be constant-taking the vision, spirit and
 ideals of Shri O. P. Jindal forward.
 
 Dear Shareholders,
 
 In today's era of fierce global competition, and rapid technological
 advances, an organization has to move twice as fast just to keep pace
 with the changing world and four times as fast if it has to speed
 ahead. At Jindal Steel and Power Ltd, we are in the process of
 achieving just that.
 
 At Raigarh, we have the world's largest coal-based sponge iron
 manufacturing plant. JSPL is the only sponge iron producer in the
 country with its own raw material source and power generation making it
 one of the most cost effective producers of sponge iron in the country.
 We have taken yet another major step in putting India and Raigarh on
 the world steel map. A state of the art Rail and Universal Beam Mill
 has been set up, to manufacture the world's longest rails 120 mts long
 for the Indian Railways and global markets. We are also the pioneers
 when it comes to manufacturing H-beams & Columns in larger sizes for
 the infrastructure and construction sectors.
 
 We are equally aware of our sense of duty as corporate citizens and the
 determined pursuit of business opportunity and global markets. In fact,
 our vision is to develop the backward and underdeveloped regions of
 India. Our facilities at Raigarh and Raipur fall under the newly formed
 state of Chattisgarh. We have been and will continue to stand committed
 to the progress of the state and it's people.
 
 At JSPL, we recognize that environmental protection is an integral part
 of the company's activities. We are committed to conducting our
 business safely, ethically and in an environmentally responsible manner
 that protects the natural resources and the environment in which we
 live. Our environment-friendly initiatives have been recognised and
 rewarded too.
 
 Our philosophy of moving up the value chain by increasing our portfolio
 of value-added products, continues. A zeal to be ahead of others, to
 venture where few dared has propelled us into ever-increasing orbits of
 growth. The sectors we have chosen to operate mean that we will be
 serving key national priorities, even as we build profitable businesses
 and create wealth for our shareholders. The unstinted support over the
 years from our investors, our clients, business associates and
 well-wishers, has been a great asset and we hope to continue to have
 them with us as we grow from strength to strength.
 
 Naveen Jindal
 
 Executive Vice Chairman & Managing Director