JSW Ispat Special Products Limited

In August 2018, Monnet Ispat & Energy Limited (MIEL), has been acquired jointly by a consortium of Aion Investments Private Limited (AION) and JSW Steel Limited.

Established in 1994 Monnet Ispat & Energy Limited (MIEL), has a de-risked business portfolio that encompasses manufacturing and marketing of Sponge Iron, Steel and Ferro Alloys. MIEL is in the elite group of primary steel producers with a world class integrated steel plant at Raigarh that has a production capacity of 1.5 MTPA to produce HR plates, rebars and structure profiles to cater to the rapidly growing infrastructure & construction industry. The name of the Company has been changed to JSW Ispat Special Products Limited with effect from 23rd September 2020.

About JSW Group

With a workforce of over 40,000 individuals representing multiple nationalities,
JSW is known to be the 'strategic first mover'.

  • JSW Steel

    Manufacturing capacity of
    18 MTPA

  • JSW Energy

    Power Generation capacity of
    4,541 MW

  • JSW Infrastructure

    Operating capacity of
    85 MTPA

  • JSW Cements

    Production capacity of
    12.8 MTPA

Visit jsw.in
  • Global Network

    A US $ 23 billion - (as on 31st March 2023) conglomerate, with presence across India, USA, South America & Africa, the JSW Group is a part of the O.P. Jindal Group with strong footprints across core economic sectors, namely, Steel, Energy, Infrastructure, Cement, Ventures and Sports.

  • Corporate Citizenship

    Regular engagement with different stakeholder groups forms an integral part of our business strategy. With best of our efforts, we strive towards transforming our stakeholder engagement into an active two-way dialogue.

  • Foundation

    JSW Foundation is the social development arm of JSW with a belief that every life is important and must be given fair opportunities to make best out of it.

AION Capital Management Limited (AION)

AION Capital Management Limited (AION)

AION Capital Management Limited (AION), a company incorporated in Mauritius is a fund management company. It represents one of the largest India-focused funds of ~$825 mn with a preeminent, global investor base. Together with co invested capital of ~$275 mn, AION manages investable capital of over $1 bn. AION through its affiliate’s leverages regional and global expertise in the metals & mining sector.

AION aims at creating meaningful upside for its investors through its consistent, rigorous, value-oriented approach across private equity, credit and distressed assets. Its key strengths lie in being able to seek uncommon opportunities and generate attractive returns through its differentiated execution strategy and creative structuring capabilities.

AION’s holistic approach not only ensures value creation for investors but also for its portfolio companies by;

  1. improving their debt profile;
  2. funding projects in a timely and efficient manner;
  3. bolstering their existing management teams to help strengthen their respective businesses;
  4. ease their liquidity concerns
  5. focus on internal controls, governance and compliances; and
  6. focus on long term strategic growth plans.

AION has successfully managed a range of transactions that are in the form of carve – outs, equity recaps, structured credit, buyouts and distressed transactions in India.