LifeAdding Value to

Shri O.P. Jindal was a man with a pioneering vision and zeal for innovation. His ideals,

methodologies and ability to face challenges represent the cornerstones of corporate glory,

business excellence and human welfare. Shri Jindal was a true leader and a humanitarian who

worked tirelessly to bring smiles on thousands of faces, spreading hope and happiness among

people across strata. He firmly believed that “to bring about a big change you have to start from

the roots.” His example has inspired innovative thinking, excellence in execution, an integrated

approach to problem solving and decision-making among people at JSPL. Even as we miss his

physical presence, his journey remains the eternal source of inspiration and guidance for

everyone at JSPL (Jindal Steel & Power Limited).

Smt. Savitri Jindal is carrying forward her husband's life-long mission of bringing about a

meaningful change in the life of down trodden through corporate and community

engagements. She has always believed, like her husband, late Shri O. P. Jindal, that India has to

align economic development with social well being to bring about inclusive development;

development that is sustainable and that touches the lives of India's billion-plus population.

She is involved in multiple social welfare initiatives, benefiting disadvantaged sections of the

society. As the Chairperson, she provides guidance and inspiration to JSPL to reach greater

heights of glory. Her motivation has also enabled JSPL to enhance its community support

initiatives through various welfare projects in the sphere of education, healthcare and

environment protection.

By Following The

Visionary's FootstepsLate Shri O.P. JindalFounder Chairman

Smt. Savitri JindalChairperson

By Working Towards

Inclusive Growth

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The spirit of entrepreneurship and innovation

Optimum utilization of resources

Sustainable environment friendly procedures

and practices

The highest ethics and standards

Hiring, developing and retaining the best people

Maximizing returns to stakeholders

Positive impact on the communities we touch

Vision“To be a globally admired

organization that enhances

the quality of life of all

stakeholders through

sustainable industrial and

business development.”

Mission�

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Passion for People

Business Excellence

Integrity, Ownership and Sense of

Belonging

Sustainable Development

Core valuesWe aspire to achieve business excellence through:

By Taking India Ahead

Innovatively

Following the footsteps of his father, the

legendary Shri O.P. Jindal, Shri Naveen Jindal

through his dynamism and innovative ideas has

today established JSPL as a global player with a

promising future. JSPL is now seen as an

integrated and focused organization with a

proven track record of timely project turnaround,

global expansion and humane endeavours.

Shri Naveen Jindal, Executive Vice Chairman &

Managing Director is a business leader of rare

foresight and compassion and his upbringing and

lineage has groomed him to be a successful

entrepreneur contributing meaningfully to

national growth.

Besides spearheading his company into

becoming the world's second highest value

creator rated by world renowned Boston

Consulting Group, Shri Naveen Jindal is also the

driving force behind a successful campaign that

enabled Indian citizens to fly the national flag at

home or at any public place with respect and

dignity. In fact, today due to his efforts, we can fly

the tricolor even at night. Under the banner of the

Flag Foundation of India, he is leading the

generation next to wear the national colours with

pride.

Executive Vice Chairman

& Managing Director

Mr. Naveen Jindal

With an annual turnover of over US$ 2.3 billion ( 11,091 crore), Jindal Steel & Power

Limited (JSPL) forms a part of the about US$ 12 billion O. P. Jindal Group. JSPL is a leading

player in steel, power, mining, oil & gas and infrastructure with expanding presence

across Asia (Oman, Indonesia, Mongolia and China), Africa (Mozambique, South Africa,

Democratic Republic of Congo & Madagascar), South America (Bolivia & Brazil),

Australia and Georgia.

JSPL has consistently tapped new opportunities by increasing production capacity,

diversifying investments and leveraging its core capabilities to venture into new

businesses.

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By Consolidating, Diversifying and

Excelling

JSPL's investment commitments in steel, power, oil & gas and mining

today stand at US$ 30 billion. The company is the largest private sector

investor in the state of Chhattisgarh with an investment commitment of

over US$ 6 billion ( 30,000 crore). It has also diversified into the

exploration and mining of high value minerals like diamonds, etc.

in places like Chhattisgarh, Jharkhand and the Democratic Republic

of Congo.

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JSPL's investment commitments in steel, power, oil & gas and mining have touched more than

US $ 30 billion.

Aerial view of JSPL Steel Plant at Raigarh, Chhattisgarh

By Moulding

Core Capabilities

JSPL is today amongst the leading steel players in the country. Its dynamic

initiatives exemplify industrial and social excellence. Some features of the

company and its products are:

The world's longest track rails and the lineage of parallel flange beams are a

testimony of JSPL's manufacturing excellence: where continuous innovation is

a practice rather than an exception; where cost-effective technologies represent

an integral part of the work culture; where proactive thinking is the order of

the day; where a dedicated workforce and the perfect balance of corporate

growth and social responsibilities are the reservoirs of core strengths.

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An installed capacity of 3 MTPA of steel

A Captive Power Plant of 358 MW with a capacity expansion of 540 MW

1000 MW of independent power generated with captive coal and

iron-ore mines

Mining 12 million tonne coal, the largest mining by a private company

Operating largest coal-based Sponge Iron Plant in the world

Production of up to 3.5 meter wide steel plates

Pioneering the manufacture of hot rolled parallel flange beams and columns

in medium and large sizes

Manufacturing the longest rail (121 metres) in the world

Establishing bases for producing steel and mining nationally and globally

Parallel Flange Beams Hot Rolled Plates

Track Rails Hot Rolled Coils

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A 7 MTPA Steel Plant, a 2 MTPA Cement Plant and a 1,600 MW Captive

Power Plant with a total investment of over US$ 6 billion ( 30,000 crore)

Jindal Power Limited, a company promoted by JSPL, is planning to add

2,400 MW to the existing capacity of 1000 MW Thermal Power Plant at

Tamnar in Raigarh district of Chhattisgarh with an investment of

US$ 2.60 billion ( 13,410 crore)

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An 11 MTPA integrated Steel Plant and a 2,600 MW

Captive Power Plant in phases, with a total

investment of US$ 9 billion ( 45,000 crore). The

company is setting up a 6 MTPA Steel Plant in

phases and a 1,609 MW Captive Power Plant at

Patratu, a 5 MTPA Steel Plant and a 1,000 MW

Captive Power Plant at Asanboni

The first unit of the 6 MTPA Steel Plant, a Wire

Rod Mill, has already been commissioned at

Patratu. The Wire Rod Mill is equipped with the

latest state-of-the-art technology to offer superior

quality wire rods. Work on the setting up of a Bar

Mill (1.0 MTPA capacity) is in advanced stages and

is expected to be operational by this year. The first

phase of 3.0 MTPA is expected to be commissioned

by 2012 and the remaining 3.0 MTPA will be

commissioned by 2014

Independent Power Plants of 1,320 MW each near

Dumka and Godda are also being established

Jeraldaburu Iron Ore Mines, Jitpur Coal Block and

Amarkonda-Murgadangal Coal Block for the

projects have already been allotted to JSPL

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Chhattisgarh

Jharkhand

Overview of Wire Rod Mill at Patratu

Rail and Universal Beam Mill at Raigarh

JSPL is planning to raise the production of steel from three million tonnes per

annum to ten million tonnes per annum (MTPA) in the state. The expansion

plans include:

By Expanding

Horizons

JSPL's expansion plans in Jharkhand include:

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A 12.5 MTPA Integrated Steel Plant and a 2,600 MW Captive Power Plant would be

commissioned in phases, involving a total investment of US$ 10 billion

( 50,000 crore). The first phase of the 6 MTPA Integrated Steel Plant is expected to be

commissioned by 2012

JSPL is setting up a coal gasification unit for its upcoming Steel Plant in Angul using the

'fixed bed dry bottom (FBDB) coal gasification' technology. The Synthesis Gas

produced at this plant will replace blast furnace (coke) used in the process of

steel manufacture

The Coal Gasification route to manufacture Direct Reduced Iron (DRI) is being used

for the first time in the world

Commercial production at the Pellet Plant commenced at Barbil in December 2009

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Odisha

Coal to Liquid Project

Jindal Steel & Power Limited has powered many ground-breaking initiatives, the latest

being the Coal to Liquid Project in Odisha. The company has been allotted the Ramchandi

Promotional Coal Block in Angul district of Odisha having coal reserves of 1,500 MT.

JSPL is investing 50,000 crore in CTL (including mining and setting up of a Power Plant)

using the “Indirect Coal Liquefaction Technology” which will produce 80,000 barrels

per day (4.0 MMTPA).

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4.5 MTPA capacity Pellet Plant at Barbil

JSPL's expansion plans in Odisha include:

Clean and green Power Plant at Tamnar, Chhattisgarh

By PoweringBy Powering

PossibilitiesPossibilitiesDriven by JSPL's vision and ideologies, Jindal Power Limited (JPL),

a company promoted by JSPL, has earned the distinction of setting up India's

first mega power project in the private sector at Tamnar in Raigarh district of

Chhattisgarh. JPL has a project portfolio of 15,660 MW in various stages of

operation, implementation and planning.

Control room of Tamnar Power Plant

6.9 km long conveyor pipe line at Tamnar

18m high dam on River Kurket at Tamnar

JSPL ventured into Green Power in

2009, with a 24 MW Wind Energy

project at Satara, Maharashtra.

Power generated by these wind mills

is supplied to the Maharashtra State

Electricity Transmission Company

Limited.

Thermal

Jindal Power Limited is operating a 1,000 MW (4x250 MW) Thermal Power Plant, the first

mega power project in the private sector at Tamnar in Raigarh district of Chhattisgarh.

Notable highlights of the existing plant are:

Wind

By Harnessing

Powerful Elements

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A 6.9 km conveyer pipeline has been set up for coal transportation between the captive

coal mines and the plant

The company has constructed a 258 km, 400 KV Double Circuit transmission line from

the plant to the PGCIL sub-station at Raipur through which power can be sold

anywhere in India

An 18 m high dam over the Kurket River, 25 km away from the project site, takes care of

the plant's water requirements

JPL has also signed a MoU with the state government of Jharkhand to set up a 2,640 MW

Thermal Power Plant.

1000 MW Thermal Power Plant at Tamnar, Raigarh, Chhattisgarh

The company plans to add another 2,400 MW to the existing capacity with an estimated cost

of 13,410 crore.`

Jindal Power Limited has signed agreements to develop the 4,000 MW

Etalin, 500 MW Attunli and 1,600 MW Subansiri Middle Hydroelectric

projects in Arunachal Pradesh in a joint venture with the Hydro Power

Development Corporation of Arunachal Pradesh Limited (A Government of

Arunachal Pradesh Enterprise) on a Build, Own, Operate and Transfer basis.

The 4,000 MW Etalin Hydroelectric Project will be the largest hydroelectric

project in India.

The company also plans to build a 454 MW Hydro Power Plant at

Chainpur Seti in Nepal.

Hydro

Wind Mills at Satara, Maharashtra Site for Etalin Hydroelectric Project

As part of its diversification process, the group forayed into the oil and gas sector

in 2008, operating under Jindal Petroleum Limited. The company acquired five

Oil & Gas blocks in Georgia. Mr. Naveen Jindal led a delegation to the Central

Asian nation to sign contracts with the Government of Georgia for exploration

and production, indicating the importance of the petroleum business for

the group. The company has so far invested US$ 60 million ( 280 crore) and

would be investing over US$ 250 million during the next three years in Georgia.

In the future, Jindal Petroleum endeavours to optimize its portfolio in the

upstream sector by acquiring a few more producing fields or exploration blocks

nearing completion in Georgia. It is also considering venturing into refining and

marketing of various petroleum products as well as setting up of transportation

and storage facilities for crude oil and natural gas.

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By Fueling

Ambitions

“Microbial Enhanced Oil Recovery (MEOR) “ job in Patardzeuli Field, Georgia

Bolivia

India

China

Georgia

Madagascar

South Africa

MozambiqueZimbabwe

Oman

Congo

Australia

Indonesia

By Extending National Excellence To

International BordersAfter establishing itself as a major steel and power player in India, JSPL has gone on to create

a significant footprint across the world. Its global forays are as follows:

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The Company has acquired the development rights for the 20 million tonne El Mutun Iron

Ore Reserves in Bolivia, and plans to invest US$ 2.1 billion in the next few years

It will set up an Integrated 1.7 MTPA Steel Plant, a 6 MTPA Sponge Iron Plant, a 10 MTPA Iron

Ore Pellet Plant and a 450 MW Power Plant in Bolivia. This will be the largest investment by

an Indian company in South America and also the largest investment by a foreign company

on a single project in the country

An affiliated company of JSPL, M/s. GTL International (GTLI) is currently engaged in the

development of the Palmar natural gas field in Bolivia, having an estimated recoverable

reserve of 24.7 BCF Gas and 0.87 MMBBL of condensate. M/s. GTLI has already completed

drilling of one well having 3,500 m depth and expects to commence the supply of

6 MMCFD of natural gas and 120 bbl of condensate shortly. The drilling of the second well

is in progress

GTLI owns the Palmar Block with the total investment till now being US$ 20 million

(for two wells plus setting up of a Production Plant)

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JSPL first ventured into Africa when it acquired diamond exploration licenses in the

Democratic Republic of Congo in 2005. Later, in the year 2009, the company acquired a

majority stake in one of the alluvial mines in the country and since then has been

continuously producing diamonds of high quality

In South Africa, JSPL acquired a 76% stake in Kiepersol Colliery located near the Piet Retief

town in Mpumalanga province. The mine produces high quality anthracite and lean

bituminous coal

In Mozambique, JSPL has acquired exploration license for coal blocks and has done

extensive drilling to find substantial reserves

In Madagascar, JSPL is involved in limestone exploration projects. The company currently

boasts limestone reserves of over 1 billion tonnes

Bolivia (South America)

Africa

Through its 100% subsidiary Jindal Steel & Power (Mauritius) Ltd., Mauritius (JSPLM),

JSPL acquired Shadeed Iron & Steel Co. LLC (SISCO), a company incorporated under the laws

of the Sultanate of Oman. The project is under commissioning and is expected to commence

commercial operations in the first quarter of fiscal year 2011/12.

Oman (Middle East)

Mr. Naveen Jindal, EVC & MD, JSPL visiting the El Mutun Iron Ore Reserves in Bolivia

JSPL is committed towards protecting the environment through its various policies

and practices. It has institutionalized a fully-functional system to take ahead its 'green'

agenda. Some of the notable achievements are: every drop of water is recycled and

used for greening the campuses; coal rejects are utilized to generate power; and the

residue (fly ash) is used in the construction of roads, houses for employees and other

buildings. Even waste heat generated during the production of Sponge Iron is used to

generate electrical power.

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Good Green Governance Award 2009-10; Srishti, New Delhi

National Energy Conservation Award 2009

(Top Rank Award in Integrated Steel Sector); Ministry of Power, Govt. of India

Greentech Environment Excellence Award 2009; Greentech Foundation

Greentech Safety Award 2009; Greentech Foundation

Srishti Green Cube Award 2009 and 2006; Srishti, New Delhi

Golden Peacock Innovation Award 2009; Institute of Directors

Greentech Environment Excellence Award in 2006, 2007 and 2008;

Greentech Foundation

Golden Peacock Environment Management Award in 2007; Institute of Directors

Golden Peacock Eco-Innovation Award 2007; Institute of Directors

National Energy Conservation Award for five years in succession (2001-2005)

and 2007, 2008; Ministry of Power, Govt. of India

CII Energy Conservation Award 2005-06; CII

Green accolades

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The company practices world-class environmental management systems

It has adopted the Implemented Total Productive Maintenance (TPM) system for

better process control

The company conserves water through a 100% effluent recycling process

JSPL nurseries undertake time-to-time distribution of saplings to nearby

villages, encouraging ecological conservation

It has fostered large scale afforestation in a bid to enhance greening of 22% of

space at all Steel Plants

Green footprints

By Helping Create A

Greener Earth

Promoting clean & green environment Raigarh Steel Plant, Chhattisgarh

By Accelerating

Community Welfare

Corporate Social Responsibility (CSR) has been making meaningful contributions to

the society in different areas, for decades now. CSR activities at Jindal Steel & Power

Limited (JSPL) extend well beyond its business objectives, and the company's

concerns for the society are evident from the various initiatives it has taken in

different fields. JSPL's CSR objective further gets reiterated through the company's

vision “to be a globally admired organisation that enhances the quality of life

through sustainable industrial and business development.”

JSPL's CSR policy aims at bringing about a radical transformation in the quality of

life of people living in and around the operation areas of the company through

positive intervention in social upliftment programs. Its key areas of focus are Health

& Hygiene, Education, Vocational Training & Women Empowerment, Livelihood,

Livestock Care, Drinking Water & Sanitation, Youth & Sports and Infrastructure

Development.

JSPL believes in inclusive growth, taking along the communities around its plants,

endeavoring to improve the quality of life of the people in the areas it operates. Its

focus on social issues around its facilities in Chhattisgarh, Jharkhand and Odisha has

changed the living standards of the people, heralding a new dawn of industrial

progress in these areas. JSPL has adopted 40 villages in Raigarh and contributes

holistically to regional development.

Rehabilitation and Resettlement (R&R) Colony at Angul, Odisha

By Embracing

Responsibility

JSPL recognizes education as one of the building blocks of any nation and considers it as a priority area

of its CSR activities. Realizing the importance and relevance of education, JSPL has taken a number of

initiatives like establishing a global university, specialized institutes and schools.

O.P. Jindal Community College of Technology and Skills (Industrial Training Centres) have been

established to develop skilled workforce by empowering competency based, skill oriented, technical

and vocational training. These institutes offer vocational training in trades like Electrician, Welding,

Plumbing, Fitting, Computer Operation, Cutting & Tailoring, Steno Hindi and Motor Mechanic.

A three months MES (Modular Employable Skills) Course is also run by theses institutes. These

institutes are located at Angul (Odisha), Patratu and Godda (Jharkhand).

O. P. Jindal Institute of Technology at Punjipathra, Raigarh, Chhattisgarh

Community Initiative at Tamnar, Raigarh, Chhattisgarh

To assess and identify the needs of the people, a socio-economic survey of the people in the

surrounding areas is conducted regularly by independent agencies through door to door surveys,

questionnaire sessions, focus group discussions and in-depth interactions. Various social initiatives are

introduced based on the findings of this survey. JSPL has won many accolades for its CSR initiatives.

Notable among them are:

The company runs four ITIs which have been adopted under the public private partnership scheme of

the Government of India. They are located at Sarangrah, Kharsia, Gharghoda in Chhattisgarh and Barbil

in Odisha. JSPL also runs English medium CBSE affiliated schools at various plant and project locations

like Raigarh, Tamnar, Nalwa, Angul and Patratu, wherein quality education is being imparted to over

9,000 students.

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CSR Excellence Award by ASSOCHAM in July 2010 for promoting and propagating CSR initiatives

“Think Odisha leadership Award” for the third year consecutively for excellence in the field of CSR

in August 2010. The Company received the award for bringing about outstanding changes in the

field of “Peripheral Development”

“Transforming Vision into Reality” award for 2009-10 that the company bagged at the

CSR Quest 2010 at Ranchi

Mega India Excellence Award 2009 (for Best Company in Corporate Social Responsibility);

Organized by Planman Media, Sunday Indian and IIPM

Golden Peacock Award for CSR 2006 & Social Welfare 2005

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JSPL features in Forbes Asia's Fab 50 companies 2010.

JSPL won the Golden Peacock Innovation Management Award 2010;

Organized by the Institute of Directors

JSPL commended with “Strong Commitment to HR Excellence” at

CII NATIONAL HR EXCELLENCE AWARD 2009

JSPL rated as one of the 50 best Blue Chip companies in India by

Dalal Street Investment Journal in 2009

Jindal Steel & Power Limited accorded the Forbes Asia's 'Fabulous 50'

international award in 2009 for being the best of Asia Pacific's biggest

listed companies showing long term profitability, sales and earnings

growth as well as projected earnings and stock price gains

SAIL HR Excellence Award 2009; Organized by SAIL and

IIM-Ahmedabad

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Jindal Steel & Power Limited rated as the second highest value creator in

the world by Boston Consulting Group in September 2010. The company

has also been ranked as number one in the Mining and Materials

Industry category

Mr. Naveen Jindal, EVC & MD, JSPL was awarded the 'Distinguished

Alumni Award' for 2010 by the University of Texas at Dallas for his

contribution to public service, being a responsible corporate citizen and

guiding his company to become a global player.

Jindal Steel & Power Limited was selected as the top Indian company in

the Iron and Steel sector for the Dun & Bradstreet – Rolta Corporate

Awards 2009

Mr. Naveen Jindal received the CNBC's Most Promising Entrant into the

Big League Award at IBLA 2009 for Jindal Steel & Power Limited

JSPL was rated among one of the highest wealth creators for investors in

the previous five years by Dalal Street Journal in 2009

By Constant

Efforts

“Jindal Power Limited, our subsidiary, is proposing, subject to market conditions and other considerations, an initial public offer of its equity

shares and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is

available on the website of SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers at www.jmfinancial.in,

www.enam.com, www.db.com/India, www.icicisecurities.com, www2.goldmansachs.com, www.sbicaps.com www.ubs.com/indianoffers

and the website of the co-book running lead managers at www.motilaloswal.com. Potential Investors should note that investment in equity

shares involves a high degree of risk. For details relating to the same, see the section titled “Risk Factors” of the aforementioned DRHP.”

The SEBI disclaimer should read as follows:

www.jindalsteelpower.com

Corporate Office

www.jindalsteelpower.com

Jindal Centre, 12, Bikaiji Cama Place, New Delhi 110 066

Tel. +91 11 26188340-50, Fax: +91 11 26161271

www.moddusgroup.com