JSW Steel Ltd

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

JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2026-27 at 6.59 million tonnes, higher by 2% on QoQ basis and 3% on YoY basis. Blast Furnace 3 (BF3) of Vijayanagar, was under shutdown for upgradation of capacity, started hot-metal production from 23rd June 2026. The Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown. Excluding BF3 production impact from last year's base, Q1 FY27 volumes grew ~15% YoY, driven by full ramp-up of JVML operations and improved utilisation at Dolvi Unit. The capacity utilisation for Indian operations for Q1 FY27 (excluding BF3 capacity under shutdown) was at ~94%.

JSW Steel has received credit ratings from CARE Ratings as under: Long term bank facilities - CARE AA+; Stable (rating upgraded) Long term / short term bank facilities - CARE AA+; Stable / CARE A1+ (LT rating upgraded/ ST rating reaffirmed) Short term bank facilities - CARE A1+ (rating reaffirmed) Issuer ratings - CARE AA+; Stable (rating upgraded) Non convertible debentures - CARE AA+; Stable (rating upgraded) Commercial paper - CARE A1+ (rating reaffirmed)

JSW Steel announced that Fitch Ratings has upgraded the company's  Long-Term Issuer Default Rating (IDR) and the rating on its outstanding bonds to 'BB+', from 'BB'. All ratings have been removed from Rating Watch Positive (RWP). The Outlook is Positive

JSW Steel today marked the commencement of development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reaffirming its long-term commitment to India's manufacturing growth and the industrial transformation of the state of Andhra Pradesh. The project is to set up a 2 million tonne steel plant by JSW Rayalaseema Steel, a 100% subsidiary of JSW Steel., in phases. The 1st phase, with a planned investment of Rs 4,500 crore, would be a 1-MTPA Integrated Steel Plant to manufacture low carbon emission steel products. The 2nd phase, with an additional planned investment of upto Rs 11,850 crore, will expand capacity to 2 MTPA, taking the total project investment upto Rs 16,350 crore.

JFE Steel Corporation, Japan (JFE) has on 30 June 2026 acquired a further 25% stake (on a fully diluted basis) in JSW JFE Kalinga Steel for a consideration of Rs. 7,875 crore. Consequently, JFE now holds 50% of the shareholding in JSW JFE Kalinga Steel.

JSW Steel will hold a meeting of the Board of Directors of the Company on 17 July 2026.

JSW Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 1303.9, up 0.49% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.23% on the day, quoting at 23912.85. The Sensex is at 76447.04, up 1.22%. JSW Steel Ltd has risen around 0.86% in last one month. Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 0.27% in last one month and is currently quoting at 12854.5, up 2.18% on the day. The volume in the stock stood at 7.24 lakh shares today, compared to the daily average of 17.66 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1307.1, up 0.14% on the day. JSW Steel Ltd is up 29.9% in last one year as compared to a 4.14% drop in NIFTY and a 40.36% drop in the Nifty Metal index.The PE of the stock is 46.37 based on TTM earnings ending March 26.Powered by Capital Market - Live

JSW Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 1284, up 1.12% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 23273.3. The Sensex is at 74251.88, up 0.36%. JSW Steel Ltd has risen around 2.53% in last one month. Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has risen around 0.89% in last one month and is currently quoting at 12766.45, up 0% on the day. The volume in the stock stood at 8.61 lakh shares today, compared to the daily average of 19.79 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1291.2, up 1.48% on the day. JSW Steel Ltd is up 28.96% in last one year as compared to a 6.49% drop in NIFTY and a 36.57% drop in the Nifty Metal index.The PE of the stock is 45.37 based on TTM earnings ending March 26.Powered by Capital Market - Live

The company's Indian operations produced 21.98 lakh tonnes during the month, up 14.65% from 19.17 lakh tonnes in the corresponding period last year. Meanwhile, its Ohio-based facility in the United States contributed 0.95 lakh tonnes, reflecting a 20.25% year-on-year increase from 0.79 lakh tonnes. Production was higher in May 2026 mainly due to full operations of the Dolvi unit (one of the blast furnaces was under planned maintenance shutdown in May 2025) and JVML operations being fully ramped up. Blast Furnace 3 (BF3) at Vijayanagar is under shutdown for upgradation of capacity and is expected to restart in the second fortnight of June 2026. The capacity utilisation for Indian operations for the month excluding BF3 capacity was at 98% and, including BF3 capacity was at 87%. JSW Steel is primarily engaged in the business of manufacture and sale of iron and steel products. It is the flagship business of the diversified US$ 23 billion JSW Group. The group has interests in energy, infrastructure, cement, paints, sports, and venture capital. JSW Steel reported consolidated net profit of Rs 16,370 crore in Q4 FY26, up 989.15%, compared with Rs 1,503 crore in the corresponding period last year. Total revenue from operations rose 14.19% year-on-year to Rs 51,180 crore in the quarter ended 31 March 2026. The counter rose 0.14% to Rs 1,262.70 on the BSE. Powered by Capital Market - Live