JSW Steel (JSWSL), formerly Jindal Vijayanagar Steel (JVSL) was incorporated as a public limited company on Mar. 15, 1994. It is promoted by Jindal Iron and Steel Company, associate companies, and Karnataka State Investment and Industrial Development Corporation. The company is a fully-integrated steel plant having units across Karnataka and Maharashtra producing materials from pellets to color-coated steel. India`s 3rd largest steelmaker, consists of the most modern eco-friendly steel plants with the latest technologies for both upstream and downstream processes. It has set up an integrated steel plant to manufacture 1.65 MPTA of hot-rolled coils in Torangallu, Karnataka, which includes a pellet plant at an estimated cost of Rs 3,000 million. It is one of the few steel manufacturers in the world to follow the corex process for production of hot metal. Posco and Saldanha are two other companies using the corex process. JSWSL is the first steel company in India to implement a total integrated resource planning solution for its business process. The modules involved in its ERP project are materials management, steel process tracking system, computer managed maintenance system, Oracle financials and product costing.