JSW Steel Limited

JSW Steel Limited convened a meeting of its equity shareholders on August 21, 2026, via video conference as directed by the National Company Law Tribunal, Mumbai Bench, to approve the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel Limited and their respective shareholders. The resolution was approved by shareholders with the requisite majority, with authorizations received from 31 Bodies Corporate representing 43.66% of the company's paid-up equity share capital, totaling Rs 106.76 crore.

JSW Steel Limited has uploaded an investor presentation to its website, accessible at https://jsw -steel -s3.s3.ap -south-1.amazonaws.com/jsw -steel -images/uploads/2025/12/JSW - Steel_Investor -Presentation_Aug26_vf.pdf, in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

JSW Steel Limited, India’s largest steel producer, has achieved a Baa3 long-term issuer rating from Moody’s Ratings, placing the company at global investment grade, and marking a broader re-rating alongside upgrades from Fitch, CARE Ratings, and ICRA. The rating reflects sustained improvement in JSW Steel’s credit profile, including a reduction in net debt from Rs 76,563 crore as of March 31, 2025, to Rs 46,157 crore as of June 30, 2026.

JSW Steel Ltd announced upgrades and reaffirmations to its ratings across various instruments by ICRA Limited, reflecting a strengthened financial profile. ICRA upgraded several instruments, including Long-Term Fund Based Term Loans/Standby Letter of Credit Facilities, Long-Term/Short-Term ratings, and Non-Convertible Debentures to [ICRA] AA+ Stable, while reaffirming Short-Term Fund Based/Non-Fund Based Facilities at [ICRA] A1+. Additionally, ICRA upgraded the rating for the NCD programme (ISIN: INE019A08033) to [ICRA] AA+ Stable and withdrew it following full redemption, alongside upgrades to RBI limits and Commercial Paper Programmes. The agency also noted a potential for further upgrades based on sustained healthy growth and improved leverage, and expects adjusted net leverage to remain below 2.5 times over the next 3-4 years, considering proportionate financials of JSW JFE Kalinga Steel Limited.

JSW Steel Ltd announced that ICRA Limited has upgraded its Long-Term credit rating to [ICRA] AA+ with a stable outlook, previously [ICRA] ‘AA’ with a rating watch with positive implications. The upgrade applies to Long-Term Fund Based Term Loans/ Standby Letter of Credit Facilities, Long-Term/ Short -Term - Fund Based / Non-Fund Based Long-Term rating, Short-Term Fund Based / Non - Fund Based Facilities reaffirmed at [ICRA] A1+, and Non-Convertible Debentures, all previously rated [ICRA] ‘AA’ with a rating watch with positive implications. Additionally, ICRA reaffirmed the Commercial Paper rating at [ICRA] A1+ and upgraded the rating for INE019A07415, INE019A07423, INE019A08058, INE019A07464, and INE019A07456 Non-Convertible Debentures to [ICRA] ‘AA+’ Stable, with a stable outlook, marking an upgrade from the previous rating.

JSW Steel Ltd is up for a third straight session today. The stock is quoting at Rs 1273.6, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.94% on the day, quoting at 24210.65. The Sensex is at 77537, up 1%. JSW Steel Ltd has gained around 3.85% in last one month. Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has gained around 1.08% in last one month and is currently quoting at 12400.25, up 2.05% on the day. The volume in the stock stood at 10.4 lakh shares today, compared to the daily average of 16.72 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 1281.8, up 2.36% on the day. JSW Steel Ltd is up 22.71% in last one year as compared to a 2.59% slide in NIFTY and a 34.62% slide in the Nifty Metal index.The PE of the stock is 40.48 based on TTM earnings ending June 26.Powered by Capital Market - Live

GAIL (India) Ltd, IndusInd Bank Ltd, Punjab National Bank, Apollo Hospitals Enterprise Ltd are among the other stocks to see a surge in volumes on BSE today, 20 July 2026.JSW Steel Ltd witnessed volume of 4.56 lakh shares by 10:46 IST on BSE, a 7.82 times surge over two-week average daily volume of 58313 shares. The stock increased 1.68% to Rs.1,259.20. Volumes stood at 87591 shares in the last session.GAIL (India) Ltd clocked volume of 15.69 lakh shares by 10:46 IST on BSE, a 6.33 times surge over two-week average daily volume of 2.48 lakh shares. The stock gained 0.53% to Rs.172.15. Volumes stood at 1.6 lakh shares in the last session.IndusInd Bank Ltd clocked volume of 10.28 lakh shares by 10:46 IST on BSE, a 6.29 times surge over two-week average daily volume of 1.63 lakh shares. The stock lost 0.70% to Rs.1,020.00. Volumes stood at 98832 shares in the last session.Punjab National Bank notched up volume of 45.36 lakh shares by 10:46 IST on BSE, a 5.41 fold spurt over two-week average daily volume of 8.39 lakh shares. The stock rose 4.11% to Rs.110.15. Volumes stood at 4.2 lakh shares in the last session.Apollo Hospitals Enterprise Ltd clocked volume of 71002 shares by 10:46 IST on BSE, a 4.22 times surge over two-week average daily volume of 16821 shares. The stock gained 0.44% to Rs.8,860.00. Volumes stood at 14875 shares in the last session.

Total expenses for the period under review rose 3.7% YoY to Rs 41,830 crore from Rs 40,325 crore in the same period last year. This rise in raw material costs (up 18.4% YoY) more than offset the decline in finance costs (down 22.8% YoY), depreciation charges (down 15.8% YoY) and other expenses (down 7.3% YoY). EBITDA improved by 38% YoY to Rs 9,383 crore in Q1 FY27 from Rs 6,816 crore in Q1 FY26. Profit before tax in Q1 FY27 stood at Rs 6,160 crore, up by 100.5% from Rs 3,072 crore in Q1 FY26. The company's consolidated production for the quarter was 6.59 million tonnes, higher by 3% YoY and 2% QoQ. Steel Sales for the quarter were best ever for Ql at 6.25 million tonnes, up 4% YoY, with focus on flat steel sales & value-added special products (VASP). JSW Steel is engaged in the manufacture and sale of iron and steel products and is the flagship business of the diversified JSW Group, which has interests across energy, infrastructure, cement, paints, sports, and venture capital. The scrip had advanced 1.43% to end at Rs 1238.35 on the BSE today. Powered by Capital Market - Live

Net profit of JSW Steel rose 112.96% to Rs 4651.00 crore in the quarter ended June 2026 as against Rs 2184.00 crore during the previous quarter ended June 2025. Sales rose 9.90% to Rs 46662.00 crore in the quarter ended June 2026 as against Rs 42460.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales46662.0042460.00 10 OPM %19.9017.61 - PBDT8297.005609.00 48 PBT6160.003072.00 101 NP4651.002184.00 113 Powered by Capital Market - Live

Production from Indian operations stood at 6.35 MnT in Q1 FY27, compared with 6.14 MnT in Q1 FY26, marking a 3% YoY increase. Production at JSW Steel USA - Ohio was recorded at 0.24 MnT during the quarter. On a sequential basis, consolidated crude steel production increased 2% from 6.48 MnT in Q4 FY26. JSW Steel said YoY growth was impacted by the shutdown of Blast Furnace 3 (BF3) at its Vijayanagar facility for capacity upgradation. The furnace resumed hot metal production on June 23, 2026. Excluding the impact of the BF3 shutdown from the previous year's base, Q1 FY27 crude steel production grew around 15% YoY, supported by the full ramp-up of JSW Vijayanagar Metallics (JVML) operations and improved utilisation at the Dolvi unit. The capacity utilisation of Indian operations stood at around 94% during Q1 FY27, excluding the BF3 capacity that remained under shutdown. The company noted that production figures for previous periods have been adjusted following the transfer of the steel business undertaking of Bhushan Power and Steel (BPSL) to JSW-JFE Steel, a joint venture company, in March 2026. JSW Steel is engaged in the manufacture and sale of iron and steel products and is the flagship business of the diversified JSW Group, which has interests across energy, infrastructure, cement, paints, sports, and venture capital. JSW Steel had reported a consolidated net profit of Rs 16,370 crore in Q4 FY26, compared with Rs 1,503 crore in the corresponding period last year. Revenue from operations increased 14.19% YoY to Rs 51,180 crore for the quarter ended March 31, 2026. Shares of JSW Steel rose 0.23% to Rs 1,222.25 on the BSE. Powered by Capital Market - Live