B N Singh resigns as joint MD, CEO of JSW Steel

Dr. B N Singh, Joint Managing Director and CEO of JSW Steel Limited, will superannuate with effect from June 1, 2007.

In compliance with Clause 30 (a) of the Listing Agreement, Dr. B.N. Singh will be prematurely superannuating as a Director and whole time Director with effect from June 1, 2007, the company has informed the National and Bombay Stock Exchanges.

Dr. B. N. Singh will act as an Advisor, operating from the company's Delhi office.

About JSW Steel Ltd:

The JSW Steel Ltd., belonging to JSW group, part of the US $ 5 billion O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases and port facilities. JSW Steel Limited is engaged primarily in manufacture of flat products viz. H R Coils, C R Coils, Galvanised products, auto grade / white goods grade CRCA Steel and Power.

Incorporated in 1994, it has grown to US $ 2.5 billion in little over a decade. JSW Steel Limited has the largest galvanizing production capacity in the country and is the largest exporter of galvanized products with presence in over 74 countries across five continents.