Subsidiaries & JVs of Jai Balaji Industries Ltd
CMP: Rs.39.35

The Company has three wholly owned subsidiaries namely, Nilachal Iron & Power Limited, Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited. Both Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited were Incorporated on 1^st November, 2010.

Joint Ventures:

(i) Andal East Coal Company Private Limited: A joint venture company ‘M/s Andal East Coal Company Private Limited’ was formed in 2009-10 with the Registrar of Companies, West Bengal, in which the company along with M/s Bhushan Steel Limited and M/s Rashmi Cement Limited are venture partners. The said Joint Venture Company was formed in terms of allocation of Andal Non-Coking Coal Block in the State of West Bengal by Ministry of Coal, Government of India. Your Company has 32.79% stake in the coal block.

(ii) Rohne Coal Company Private Limited: A Joint Venture Company ‘Rohne Coal Company Private Limited’ was formed in 2008-09 with the Registrar of Companies, NCT of Delhi & Haryana, in which the company along with M/s JSW Steel Limited & M/s Bhushan Power & Steel Limited are venture partners. The said Joint Venture Company was formed in terms of allocation of Rohne-Coking Coal Block in the State of Jharkhand by Ministry of Coal, Government of India. Your Company has 6.90% stake in the coal block. Both the Joint Venture Companies are in the process of setting up coal mining facilities at respective coal blocks.

Future Prospects:

The world steel demand is directly correlated to growth in world real GDP. According to IMF the world real GDP is forecast to be about 4.5% in 2012. Real GDP in advanced economics and emerging & developing economies is expected to expand by about 2.5% and 6.5% respectively which will drive demand for steel. 
According to World Steel Association the apparent steel use will increase by 5.9% to 1,359 mmt in 2011 and in 2012, world steel demand will grow further by 6.0% to reach a new record of 1,441 mmt.

If the proposed expansion plans in India are implemented as per schedule, it would make it the second largest steel maker by 2015-16. The macroeconomic policies of the government with continuous emphasis on infrastructure activities and growing Indian Economy provide growth impetus for the industry. The Government has set up an Inter-Ministerial Group to facilitate interaction between investors and various agencies in matters of acquisition of land, mining power and transportation including rail, road and port sectors. The Government has sustained its thrust on the development of infrastructure, which will lead to derived demand for steel.

The Company aims to grab these positive developments for growth. There is constant endeavour by the company for increasing it’s share in existing markets and also to enter new markets.

The Company is having BIS certification for its Ductile Iron Pipes for 100-200 mm dia. The Company’s products meet stringent quality parameters and which is gaining market share comprising of private, institutional, non-institutional and government body buyers. This achievement highlights the technical and project execution skills of the management of Jai Balaji Industries Ltd to successfully execute large projects within record time.