Question

Jindal Vijayanagar Steel Limited, a private sector industry, is situated in __________ in Bellary district.
A. Sandur
B. Hospet
C. Shahabad
D. Toranagallu

Answer 1

Hint: Jindal Vijayanagar Steel Limited or JSW Steel Ltd. is a steel-making company in India. It is one of the fastest-growing companies in India and a subsidiary of the JSW Group. Their first steel plant was set up in 1982 at Vasind near Mumbai.

Complete step-by-step solution:
Jindal Vijayanagar Steel Limited is situated in Toranagallu, in Bellary district. Being one of the fastest-growing companies in India, it has a global footprint in more than 140 countries across the world. Recently, it has become the second-largest private sector steel company in India after its merger with ISPAT steels. In the year 1982, the Jindal Group acquired the Piramal Steel Limited and later on renamed it as Jindal Iron and Steel Company (JISCO). The Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994; its plant being located at Toranagallu, in Bellary district.

Hence, option D is the correct option.

Additional Information: Since the JSW Steel Ltd. is a subsidiary of the JSW Group which is a part of the O.P. Jindal Group, it already has strong footprints in the economic sectors such as Steel, Energy, Infrastructure, Cement, etc.

Note: In 2005, JISCO and JVSL merged to form JSW Steel Ltd. Further, for a steel plant, JSW Steel Ltd. formed a joint venture in Georgia. It has also acquired mining assets in the Republic of Chile, the United States, and Mozambique. Also, it has tied up with JFE Steel Corp, Japan for manufacturing of high-grade automotive steel.