![JSW'S MAN OF STEEL](https://cdn.magzter.com/1371451935/1696502809/articles/Hgot1hkcJ1696676443062/JSWS-MAN-OF-STEEL.jpg)
JSW GROUP CHAIRMAN Sajjan Jindal has a high risk appetite. JSW Steel faced contrasting outcomes when the steel cycle slipped thrice in the past three decades. In the 1990s, when young Jindal was building a brand new steel plant at Vijayanagar, Karnataka, with the still unproven corex technology, the industry demand hit a trough. The company defaulted on loans, and took five years to come out of corporate debt restructuring.
The second time when the sector crashed, post the global financial downturn in 2008, JSW Steel was financially sound and acquired sick assets, including Ispat Industries and Welspun Maxsteel.
When Essar Steel, Bhushan Steel, Bhushan Power and Steel (BPSL), among others, filed for bankruptcy in 2007, JSW Steel went for the prowl again. It acquired BPSL for ₹19,350 crore, and along with Aion Investment, took over Monnet Ispat and Energy for ₹2,875 crore.
But then, Sajjan Jindal has encountered many headwinds during a four decade-long journey in steelmaking, sailed through loan default, commodity crisis, pandemics and war.
“There is something which is beyond our control. I only think about what is in my control,” says Jindal. Runaway inflation, the Russia-Ukraine war and supply chain disruptions amid the pandemic had troubled JSW Steel. The tightening of central bank policies across the globe also had an adverse impact on steel demand, leading to a decline in prices. In the first half of FY23, elevated costs of raw materials and inputs weighed on margins. The government imposed duties on domestic steel exports in May 2022, which also affected profitability.
هذه القصة مأخوذة من طبعة October 2023 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2023 من Fortune India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![MEGHAN & HARRY NETFLIX DEAL BACK FROM DEAD!](https://reseuro.magzter.com/100x125/articles/3436/1753654/APys5ICsG1720085343779/MEGHAN-HARRY-NETFLIX-DEAL-BACK-FROM-DEAD.jpg)
MEGHAN & HARRY NETFLIX DEAL BACK FROM DEAD!
Royals terrified of new tell-all
![Love Lives](https://reseuro.magzter.com/100x125/articles/15328/1753657/fLzUoPwFj1720085506718/LOVE-LIVES.jpg)
Love Lives
JASON KYLIE
![Jen's Side of the Story](https://reseuro.magzter.com/100x125/articles/25337/1753652/fw3pNnSlF1720085869311/JENS-SIDE-OF-THE-STORY.jpg)
Jen's Side of the Story
As Ben Affleck's marriage to Jennifer Lopez crumbles, first wife Jennifer Garner steps in to help him - again
![Katy's AMAZING SLIMDOWN](https://reseuro.magzter.com/100x125/articles/25337/1753652/5oamcIbEC1720086277765/KATYS-AMAZING-SLIMDOWN.jpg)
Katy's AMAZING SLIMDOWN
Sexy, confident” is exactly how Katy Perry is feeling after losing a whopping 20 pounds! “She’s loving how fit she is right now,” a source close to the 39-year-old singer tells Life & Style. While everyone in Hollywood seems to be taking weight loss injections, Katy got her sizzling summer body the natural way — and with the help of her fiancé, Orlando Bloom.
![HE WANTS THEM BACK!](https://reseuro.magzter.com/100x125/articles/3436/1753654/N4ykEuvIL1720086042794/HE-WANTS-THEM-BACK.jpg)
HE WANTS THEM BACK!
DUI Timberlake begs old band to save him
![CELINE'S SEIZURE AGONY!](https://reseuro.magzter.com/100x125/articles/3409/1753648/uN-WtMJxi1720085996243/CELINES-SEIZURE-AGONY.jpg)
CELINE'S SEIZURE AGONY!
Songbird's own video bares her hellish battle to SURVIVE!
![RAPPER TRAVIS SCOTT BUSTED AS BOATYARD BOOZER](https://reseuro.magzter.com/100x125/articles/3409/1753648/9PR5BDGm71720086390829/RAPPER-TRAVIS-SCOTT-BUSTED-AS-BOATYARD-BOOZER.jpg)
RAPPER TRAVIS SCOTT BUSTED AS BOATYARD BOOZER
Cops charge he was three sheets to wind
![HELLO! ADELE & RICH GUN FOR BEY & JAY-Z](https://reseuro.magzter.com/100x125/articles/3436/1753654/wE4rxqKNO1720086602579/HELLO-ADELE-RICH-GUN-FOR-BEY-JAYZ.jpg)
HELLO! ADELE & RICH GUN FOR BEY & JAY-Z
ENGLISH songbird Adele and her power broker boyfriend, Rich Paul, are scheming to supplant Beyoncé and Jay-Z as THE It couple in Hollywood! Sources tell The National ENQUIRER sports superagent Paul, 42, who’s steered the stellar careers of LeBron James and other A-list NBA stars, is determined to launch the Skyfall singer, 36, to a realm of success beyond her wildest reveries!
![ELTON RIPS CHEAPSKATE BECKHAMS!](https://reseuro.magzter.com/100x125/articles/3436/1753654/svUKNfgP31720086343486/ELTON-RIPS-CHEAPSKATE-BECKHAMS.jpg)
ELTON RIPS CHEAPSKATE BECKHAMS!
Dick & Carol show comes to a close
![THROUGH THICK & THIN](https://reseuro.magzter.com/100x125/articles/15328/1753657/5fuBK98B71720086426176/THROUGH-THICK-THIN.jpg)
THROUGH THICK & THIN
More in love than ever! Prince William and Princess Kate have grown closer amid her health crisis
![SULLEN SHATNER'S FINAL VOYAGE SCARES PALS!](https://reseuro.magzter.com/100x125/articles/3436/1753654/YINfxmuxb1720087301875/SULLEN-SHATNERS-FINAL-VOYAGE-SCARES-PALS.jpg)
SULLEN SHATNER'S FINAL VOYAGE SCARES PALS!
DARK star William Shatner is so obsessed with death, he’s sinking into a black hole of despair and driving away everyone in his orbit, including his wife Elizabeth, sources tell The National ENQUIRER.
![WILLIAM GIVES HARRY A SWIFT KICK!](https://reseuro.magzter.com/100x125/articles/3409/1753648/R4BvVUkDD1720086984834/WILLIAM-GIVES-HARRY-A-SWIFT-KICK.jpg)
WILLIAM GIVES HARRY A SWIFT KICK!
Taylor dragged into brothers' simmering war
![TRINA'S LATE BABY TO MEET WORLD!](https://reseuro.magzter.com/100x125/articles/3436/1753654/mB9UPEPeR1720087483616/TRINAS-LATE-BABY-TO-MEET-WORLD.jpg)
TRINA'S LATE BABY TO MEET WORLD!
BOY Meets World star Trina McGee is about to meet a new kid — she’s expecting again at age 54!
![SINGLE SEAN SWEARS OFF ROMANCE!](https://reseuro.magzter.com/100x125/articles/3436/1753654/CRM-8qvs01720087395410/SINGLE-SEAN-SWEARS-OFF-ROMANCE.jpg)
SINGLE SEAN SWEARS OFF ROMANCE!
BAD boy bachelor Sean Penn has sworn off love, bragging he’s “thrilled every day” to be single at 63 and boasting he’ll “never” have his heart broken by romance again!
![THE PRICE IS WRONG!](https://reseuro.magzter.com/100x125/articles/3409/1753648/w8NO3lSEU1720087485543/THE-PRICE-IS-WRONG.jpg)
THE PRICE IS WRONG!
Drew feels heat as fans fume show is rigged
![LOST & FOUND!](https://reseuro.magzter.com/100x125/articles/3436/1753654/x_pbG99Mr1720087553192/LOST-FOUND.jpg)
LOST & FOUND!
Hiker cheats death after 10 days stalked by mountain lion
![Sabrina Carpenter RUMORS, HEARTBREAK & FRIENDS HIP WITH TAYLOR](https://reseuro.magzter.com/100x125/articles/25337/1753652/cn8IPa0nN1720087072077/SABRINA-CARPENTER-RUMORS-HEARTBREAK-FRIENDS-HIP-WITH-TAYLOR.jpg)
Sabrina Carpenter RUMORS, HEARTBREAK & FRIENDS HIP WITH TAYLOR
The “Espresso” singer’s had to navigate highs and lows in recent years...
![SEAN & AINSLEY: FOX FRIENDS WITH NO BENEFITS?](https://reseuro.magzter.com/100x125/articles/3436/1753654/MQrpt0ght1720087783101/SEAN-AINSLEY-FOX-FRIENDS-WITH-NO-BENEFITS.jpg)
SEAN & AINSLEY: FOX FRIENDS WITH NO BENEFITS?
LATE-BREAKING news: In a jaw-dropping twist, Fox & Friends co-host Ainsley Earhardt and her mouthy love interest, Sean Hannity, are tumbling into relationship turmoil, sources squeal!
![Plastic Surgery CONFESSIONS](https://reseuro.magzter.com/100x125/articles/25337/1753652/rRKk_Ekum1720087304136/PLASTIC-SURGERY-CONFESSIONS.jpg)
Plastic Surgery CONFESSIONS
These A-listers are opening up about all their nips and tucks - as well as work they want done in the future!
![CHER GOING BALD!](https://reseuro.magzter.com/100x125/articles/3436/1753654/WoPNW6WC31720087978578/CHER-GOING-BALD.jpg)
CHER GOING BALD!
Wigs out over trying to hide scalp beneath hairpieces
![CANNIBAL CHEF SERVED BOY BURGERS AT BARBECUES!](https://reseuro.magzter.com/100x125/articles/3436/1753654/dZdXNR3r61720089289722/CANNIBAL-CHEF-SERVED-BOY-BURGERS-AT-BARBECUES.jpg)
CANNIBAL CHEF SERVED BOY BURGERS AT BARBECUES!
Cops decipher odd cookbook
![SOFIA'S BOOSTER SEAT!](https://reseuro.magzter.com/100x125/articles/3436/1753654/GMhUyAM2C1720088261903/SOFIAS-BOOSTER-SEAT.jpg)
SOFIA'S BOOSTER SEAT!
Colombian cutie sports Brazilian-type buttocks
![Veggie-Packed ITALIAN DELIGHTS](https://reseuro.magzter.com/100x125/articles/25338/1753643/8tPePVzMh1720092511387/VEGGIEPACKED-ITALIAN-DELIGHTS.jpg)
Veggie-Packed ITALIAN DELIGHTS
Travel to the Beautiful Country from the comfort of your kitchen with these simply delicious dinners
![5 ESSENTIAL SUMMER SAFETY TIPS](https://reseuro.magzter.com/100x125/articles/25338/1753643/t673918vU1720093054361/5-ESSENTIAL-SUMMER-SAFETY-TIPS.jpg)
5 ESSENTIAL SUMMER SAFETY TIPS
FOLLOW THESE SIMPLE STEPS BEFORE YOU HEAD OUT FOR FUN IN THE SUN
![GENA ROWLANDS : The Screen Legend Has Alzheimer's](https://reseuro.magzter.com/100x125/articles/25338/1753643/a7fDTNXsM1720094303581/GENA-ROWLANDS-THE-SCREEN-LEGEND-HAS-ALZHEIMERS.jpg)
GENA ROWLANDS : The Screen Legend Has Alzheimer's
She gave a heart-wrenching performance as a woman with Alzheimer's disease in the beloved romantic drama The Notebook.
![Billionaire Kylie PAYS FOR NOTHING!](https://reseuro.magzter.com/100x125/articles/25336/1753650/Xp20bO5hI1720094670557/BILLIONAIRE-KYLIE-PAYS-FOR-NOTHING.jpg)
Billionaire Kylie PAYS FOR NOTHING!
She may be filthy rich, but Kylie Jenner still loves a good freebie.
![KIM'S BASKET BRAIDS](https://reseuro.magzter.com/100x125/articles/25336/1753650/BATmPfqfU1720094558711/KIMS-BASKET-BRAIDS.jpg)
KIM'S BASKET BRAIDS
Kim Kardashian debuted a new weave - literally - in a June 23 Instagram post. Fans compared the 43-year-old's new platinum-blond \"basket braids\" to everything from rattan furniture to House of the Dragon's wigs
![MATTHEW DEATH INVESTIGATION BOMBSHELL SECOND CELEB EXPOSED!](https://reseuro.magzter.com/100x125/articles/25336/1753650/reXSBljQT1720095749846/MATTHEW-DEATH-INVESTIGATION-BOMBSHELL-SECOND-CELEB-EXPOSED.jpg)
MATTHEW DEATH INVESTIGATION BOMBSHELL SECOND CELEB EXPOSED!
Another one of Matthew Perry's famous friends may have info about the drug that killed him
![BEN Snaps!](https://reseuro.magzter.com/100x125/articles/25336/1753650/o_nVnfjqv1720095598872/BEN-SNAPS.jpg)
BEN Snaps!
The actor lashes out, sparking fears that he's cracking under the pressure over his failed marriage to Jennifer Lopez
![TALKING TO LAWYERS!](https://reseuro.magzter.com/100x125/articles/3437/1753655/582fIGt0e1720097400914/TALKING-TO-LAWYERS.jpg)
TALKING TO LAWYERS!
AS THEIR MARRIAGE CRUMBLES, BEN AFFLECK AND JENNIFER LOPEZ HAVE TO DISENTANGLE THEIR PROJECTS.