1. Jai Balaji Industries Limited

2. JBIL – A Brief Profile
First Company in West Bengal to start operation by setting up a Sponge Iron Plant.
Executed 1 MT fully integrated green field steel manufacturing facilities within a short span of 4 years .
First to set up Waste Heat Recovery Power Plants in West Bengal. Presently, 111 MW Power Plants are operational.
Presence in mineral rich states of the country viz. West Bengal, Chhattisgarh & Jharkhand.
Entire value chain of steel manufacturing from processing iron ore to manufacturing finished products.
Acquired Steel division of HEG Ltd. and Nilachal Iron & Power Ltd. in the FY
Successfully raised equity from IPO, Private Placements and QIP Route.

3. Financial Indicators
Share Price Movement

4. Financial Overview Particulars FY 06 FY 07 FY 08 FY 09 FY10 Sales
Rs in mn.
Particulars
FY 06
FY 07
FY 08
FY 09
FY10
Q1 FY11
Sales
8811.1
4143.9
Other Income
91.0
19.3
565.2
284.2
259.0
14.8
Total Revenue
8902.1
17233
4158.7
Less: Cost of Sales
7924.1
9206.6
3524.9
EBIDTA
978
1546.5
2897.1
1880.5
2612.2
633.8
Depreciation
103.9
234.2
433.5
507.9
692.9
178.2
EBIT
874.1
1312.3
2463.6
1372.6
1919.3
455.6
Interest
189.7
354.1
1101.7
1305.6
1427.1
299.4
EBT
684.4
958.2
1361.9 67
492.2
156.2
Tax provision
232.2
338
173.2
54.2
174.1
52.2
PAT
452.2
620.2
1188.7
12.8
318.1
104.0
EPS (Rs.)
9.6
13.16
25.23
0.27
5.66
1.63

5. Shareholding Pattern No. of shares 63.7 million Share Capital
Rs.637 million
Market Cap
Rs.16.5 billion
Net Debt
Rs.15.9 billion
Net Worth
Rs.9950 million
Debt Equity Ratio
1.59

6. The Business Model (Full Flexibility)
Iron Ore / Fines
Presently from Market
Allocated (will take 3 Years)
Non coking coal
Dumri 37 MT by FY 11
Coking coal
Rohne 17 MT by FY 12
Coal Washery
0.26 MT +
Sinter
0.608 MT
Coke Oven 0.35 MT by FY 12
(Coke Presently from Market)
1.0 MT
DRI
0.45 MT +
Pig Iron / Hot metal
0.51 MT
0.06 MT
Induction Furnace Billets
0.473 MT
Electric Arc Furnace
0.433 MT
CPP
111 MW
Ductile Iron Pipe
0.240 MT
TMT Rods
0.300 MT
Legend
Installed
Ferro Alloys
0.106 MT
Under Installation
Material Movement
Sales Points
Sales
Free Fuel
Power Captive Use

7. Project Implementation
2010
TPA
Ductile Iron Pipe
30 MW Power
2009
25500 MTPA
Ferro Alloy
TPA
Alloy Steel Billets
6.2 MW Power
2008
TPA
MS Billets
TPA
Sponge Iron
TPA
Sinter Plant
12.8 MW power
2007
51000 TPA Ferro Alloy
TPA MS Billets
TPA Re-Rolling Mill
TPA Pig Iron
50 MW Power
2006
88210 TPA
MS Billets
TPA Coal Washery
2005
31118 TPA Ferro Alloy
88210 TPA
MS Billets
40250 TPA Pig Iron Plant
12 MW Power Plant
2004
TPA Sponge Iron
2003
Journey of the excellent project execution
40250 TPA Pig iron Plant
80000 TPA Re-Rolling Mill
2001
79200 TPA MS Ingot
TPA Sponge iron

8. Existing Facilities Existing Facilities Capacity Sponge Iron 445000 MT
Pig Iron MT
MS Billets MT
Alloy Steel Billets MT
Ferro Alloy MT
Sinter MT
Rolling Mill MT
Ductile Iron Pipes MT
Coal Washery MT
Captive Power Plant
111 MW
Railway Rakes under WIS
4 (61 wagons each)
Pvt. Railway Siding
Durgapur , Muripar & Barbil

9. Brownfield expansions
Low Incremental Capex as compared to substantial margin expansion
Capex Description
Capacity
Capex (mn.)
Timeline
Benefits
Sponge Iron
0.06 MT
400.0
FY 11
JBIL will be short in captive metallics in the FY11. Proposed Unit planned at Jharkahnd where land and other infrastructure is already available and coal mine starting in the FY 2011.
Non Coking Coal Mine and Washery
Peak Capacity MT
950.0
Will reduce cost of DRI by around Rs.1400 per ton. JBIL has 0.45 MT existing DRI capacity. Reserves sufficient for more than 30 years.
Coking Coal Mine
Peak Capacity 0.56 MT
250.0
FY 12
Will reduce cost of hot metal by around Rs.5000 per ton. JBIL has 0.51 MT Blast Furnace capacity. Reserves sufficient for more than 30 years. Additional waste heat sufficient for 20 MW power.
Coke Ovens
0.35 MT
3620.0
Roads & infrastructure for existing Durgapur plants
290.0
Since all the capex of the Durgapur plant is complete, Roads, Drainage and other infrastructure at the plant shall also be complete.
Total
5510.0

10. Manufacturing Facilities post completion
Backward Integration
Non Coking Coal Mine 37 Million tons
Coking Coal Mine 17 Million Tons
Sinter Plant [608000]
Coke Oven [350000]
Captive Power Plant [111 MW]
Coal Washery [ ]
3 Private Railways siding
4 Railways rakes
Metallic's [ ]
Sponge Iron [545000]
[510000]
Pig iron
Metal Capacity [906000]
M.S Billets [473000]
Alloy Steel Billets [433000]
Finishing Lines
TMT Rolling Mills [560000]
Ductile Iron Pipes [240000]
Ferro Alloys [106000]

11. Proximity to Raw Material and captive mines

12. Cost Effective Logistics Infrastructure

13. Existing Power Generation Capacities
The company is operating 111 MW of captive power at its integrated Power Plants .
Power is generated by utilizing waste gases of Sponge Iron, Blast Furnaces & solid wastes such as dolochar & coal fines generated from the integrated operations.
Total cost of power generation including depreciation & interest is around Rs.1.25 wherein cost of fuel is around Re.0.65 per unit.
The Power plant has strong grid support wherein total power requirement for the integrated steel operation is approximately 145 MW.
The company has tie-ups with DVC & DPL for the balance requirement of Rs.2.75 per unit.
Power Plants eligible for CDM benefits under Kyoto Protocol.

14. Project Purulia – Green field expansion
5 MT Steel +
1215 MW Power
3 MT Cement
Project Site
1130 Acres Land
&
Coal Blocks of
Appx 700 Mn ton of
Superior Grade
Ranigunj Coal
Update

15. Project Purulia- Updates & Plans
Signed MoA with the Govt. of WB to set up an 5 MT integrated steel plant, 3 MT Cement Plant and 1215 MW Power Plant at Raghunathpur, Purulia.
JBIL has already been handed over approx 1130 acres of land for the project.
Captive Coal Mines for steel making and power plants already available and under development.
Water Drawl Permission, Railway Traffic Clearance & in-principle approval from State Electricity Board for construction power already in place.
Application for environment clearance submitted, Public Hearing complete and TOR received.
Project to be completed in modular fashions in phases.
Phase I planned to be of 2 MT metallic and 400 MW of Power, work starting in the FY 2011.

16. Captive Resources – Coal Coking & Non coking
JBIL has been one of the largest allottee of coal blocks for captive consumption in steel making for its existing facilities and Greenfield Purulia project in West Bengal due to the excellent track record of project execution.
Coking coal block of Rohne: JBIL's share in the reserves is 17m tons in Joint Venture with two other companies. The block is expected to commence in FY 12.
Non-coking coal at Dumri: This coal block was allotted to its subsidiary, Nilanchal Ispat (NIPL), in Jharkhand. NIPL's share is 38m tons in this block. Forest clearance is expected soon because there are only few trees in the mine area. Mining is likely to commence in FY 11.
Non-coking coal at Ardhgram, West Bengal: JBIL's share in reserves is 15-16%, equivalent to 4m tons. This is a small block where mining should start in 2-3 years.
Non-coking coal at Andal, West Bengal: JBIL's share is 33%, equivalent to m tons. Coal mining will start in 48 months.
Non-coking coal at Jagannathpur A & B, West Bengal: These blocks have been allotted to West Bengal Mineral Trading Development Corporation (WBMTDC). On 4 October 2007, Government of West Bengal (GoWB), West Bengal Industrial Development Corporation (WBIDC), WBMTDC signed an agreement with JBIL to provide these blocks to JBIL for setting up an integrated Greenfield steel plant. Already started exploration and drilling activities for development. Theses mines will be a source of low cost coal in three years

17. Thank You ! Safe Harbor Statement :
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.