JSW Steel plans to expand capacity to 78 million tonnes by FY32, backed by raw material integration, stronger volumes and internal cash flows, though coking coal costs remain a concern.
CEO Jayant Acharya said the company remains on track to spend ₹22,000-24,000 crore in FY27 as it targets nearly 80 million tonnes of capacity
JSW Steel's Q2FY27 net profit rose 225.3 per cent to ₹5,279 crore on higher volumes and realisations, while its board approved fresh investments in steelmaking and mining projects
Q2FY27 company results: Firms including JSW Steel, Jindal Steel, Bharat Petroleum Corporation, Dr Reddys Laboratories, and Shriram Finance are also to release their July-September earnings today
Elara Capital said that steel demand remained resilient, supported by channel restocking ahead of expected price hikes.
The structural earnings outlook for JSW Steel remains positive given it's focus on cost optimization, captive raw material integration, and scale expansion, says Shrikant Chouhan of Kotak Neo.
Court has quashed a ₹696.32 crore demand against JSW Steel over mineral dispatch shortfalls at its Jajang iron ore block. It also set aside a separate ₹1,473 cr demand for FY25
JSW Steel on Thursday said that its consolidated crude steel production increased by 5 per cent to 7.27 million tonnes (MT) in the second quarter of the current financial year. The company's crude steel output was 6.95 MT in the year-ago period. The production at the company's Indian operations rose by 5 per cent year-on-year to 7.07 million tonnes during the second quarter, over the corresponding quarter. In a regulatory filing to BSE, the company said that the capacity utilisation of its Indian operations stood at 88 per cent during the July-September quarter of FY27. It improved to about 90 per cent in September 2026, as Blast Furnace 3 at the Vijayanagar plant gradually ramped up production following its shutdown for capacity upgradation. The company's consolidated production in the first half of the current fiscal year rose by 4 per cent to 13.86 MT, over 13.32 MT in the year-ago period, the filing said. JSW Steel is the flagship business of the diversified, USD 25-billion JS
Low inventories, stronger seasonal demand and firm prices could support steel makers, though raw material costs and domestic supply-demand trends remain key monitorables
JSW Energy plans to raise around ₹1,500 crore through up to five-year bonds, while JSW Steel could raise around ₹1,350 crore via three-year or four-year debt
MOFSL highlighted JSW Steel and Tata Steel as its top picks, noting that companies with stronger cost positions, captive raw materials and greater value-added exposure should be better positioned to d
Stocks to watch today: ICICI Bank, LIC, SBI, Dixon Tech, TCS, NMDC, JSW Steel, RVNL, Tata Motors, CG Power, BEML, among others, will be in focus today.
Learning from the setback, the South Korean steel major has returned to the state, but this time in a JV with JSW
JSW Steel, Tata Steel, AM/NS India and Jindal Steel are expanding downstream capabilities as demand rises for higher-performance, premium steel products
Steelmakers expect strong domestic demand and volume recovery to support growth, while softer input costs and downstream investments could aid margins in H2FY27
JSW Steel on Monday reported a three per cent rise in consolidated crude steel production to 24.02 lakh tonnes in July. The company's crude steel output stood at 23.27 lakh tonnes (LT) in the corresponding month last year. The production from the company's Indian operations increased by four per cent to 23.39 LT, compared to 22.55 LT in July 2025. Meanwhile, output from JSW Steel USA's Ohio facility dropped by 13 per cent to 0.63 lakh tonnes, against 0.72 lakh tonnes a year ago. "The capacity utilisation for Indian operations for the month was at 87 per cent. BF3 of Vijayanagar is ramping up well post re-start from 23 June 2026, and currently operating at above 80 per cent of its rated capacity," the company said in a filing to BSE. JSW Steel is the flagship business of the USD 25-billion JSW Group. The diversified conglomerate's operations span energy, infrastructure, cement, paints, realty, mobility and defence sectors. Over the last three decades, JSW Steel has grown from a s
Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.
JSW Steel reported a 113 per cent y-o-y jump in consolidated profit for the first quarter to ₹4,651 crore. The steel giant's revenue increased 9.8 per cent on an annual basis.
JSW Steel expects stronger H2 growth as domestic demand stays robust, export opportunities improve and lower raw material costs begin to support margins
Revenue from operations rose 9.8% to ₹47,364 crore, while profit before tax doubled to ₹6,160 crore and expenses increased 3.7%