We feel export duty is a temporary measure to contain inflation: JSW's Rao

Companies are creating capacities with two major objectives - to meet India's requirements and also to meet global demand, says Rao

The 15 per cent export levy was a bolt from the blue for the steel industry and JSW Steel will have about 4 million tonnes (mt) additional volumes to sell in FY23 as it ramps up Dolvi and Bhushan Power & Steel. In an interview, Seshagiri Rao, joint managing director, and group chief financial officer, JSW Steel, tells Ishita Ayan Dutt that the export duty is a temporary measure to contain inflation and he does not expect it to impact medium or long term plans. Edited excerpts:

What was JSW Steel’s EBITDA/tonne in FY22 and where do you see it