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Jindal Aluminium
Limited (JAL) established its factory for manufacture of aluminium
extrusions in the year 1968 at Bangalore. JAL has 6 aluminium extrusion
presses with an installed capacity of 70,000 TPA. The company is the
leader in aluminium extrusions in India having produced about 45,000 MT
during 2005-06 and it being the largest manufacturer of aluminium
extrusions, is meeting country’s 30% of total demand. It is also
exporting its products to several countries all over the world. JAL’s
products are well known for its quality and considered best among more
than 100 aluminium extrusion manufacturers in the country. Due to
image, reputation and high quality, its products command 10-15% premium
in the market. However, this benefit goes to dealers and consumers
only. Company’s present turnover is 800 crore, share capital and
reserve are 300 crore and total worth is 800 crore. Since beginning it
is a profit making company. The company has not taken loan from any
source since it has surplus funds of its own which are invested safely.
Wind power is
environment friendly and a green technology. JAL’s 12.04 MW Wind
Power Projects are situated at Chitradurga District, 200 km from
Bangalore. JAL is now self-sufficient in power through the wind power
it generates and the excess is being channelised to the State grid.
JAL is also in the process of establishing another wind power project in
Karnataka with 12.4 MW capacity. With this, JAL will have nearly 25 MW
wind power projects.
JAL organization
comprises various charitable and social welfare institutions as well as
number of trusts and societies through which it is rendering yeomen
services to the mankind. Hence JAL is more of a social organization.
Giving donation regularly to 600 organisations and scholarship to 5000
children all over India. It’s trust and society are having
substantial funds to generate income for donations and other activities,
continuing for decades.
Since the last
40 years, JAL has always been earning profits, most of which is diverted
towards welfare and charitable activities, particularly for the
downtrodden or weaker section of the society as per the wishes of the
CMD, Dr.S.R.Jindal, who has also founded several charitable trusts and
societies apart from institutions like world renowned Jindal Naturecure
Institute, Manav Charitable Hospital (an allopathy
hospital), Jindal Charitable Hospital (an allopathy hospital), mobile
dispensaries serving at the doorsteps of the villagers, Jindal Public
School, Jindal Pre-university College, Mahila Arts & Crafts Institute
besides adopting 100 villages in Karnataka 10 years back where basic
amenities like potable water, education (school buildings) and medical
facilities have been provided. One can say that JAL is more of a social
organization though business-wise also it is doing well in its own way. |