Jindal Steel Limited has achieved a significant operational milestone by completing its 6 MTPA expansion at the Angul Integrated Steel Complex in Odisha. The completion was marked by the commissioning of the third Basic Oxygen Furnace (BOF-3) with a capacity of 3 MTPA, bringing the facility's total crude steel capacity to 12 MTPA.

Major Capacity Enhancement

The expansion represents a substantial increase in production capability for the company. With this development, Jindal Steel's Angul facility now ranks among India's largest single-location integrated steel complexes.

Comprehensive Infrastructure Development

The expansion encompasses the complete operationalisation of BOF 2 & BOF-3, supported by a comprehensive suite of associated facilities. The project includes upstream and downstream infrastructure development to ensure seamless integration and capacity ramp-up.

Key infrastructure components completed include:

• Coke ovens
• CRM complex
• Other critical supporting infrastructure

The company has successfully operationalised the entire expansion from 6 MTPA to 12 MTPA at Angul within the planned timeframe, demonstrating effective project execution capabilities.

Strategic Business Impact

The expanded capacity is positioned to deliver multiple operational and financial benefits. The increased production capability is expected to drive higher volumes and improve capacity utilisation rates, directly supporting revenue growth initiatives.

The company anticipates operating leverage benefits from the enhanced scale, with increased integration expected to contribute to margin enhancement and cost optimisation. The expansion strengthens Jindal Steel's position in supporting domestic steel capacity in alignment with India's infrastructure development priorities and the Atmanirbhar Bharat vision.

Company Profile

Jindal Steel operates as one of India's leading integrated steel producers, following a robust mine-to-metal business model. The company leverages captive resources, advanced manufacturing capabilities, and maintains a global distribution network. With an investment footprint exceeding USD 12 billion, Jindal Steel operates state-of-the-art facilities in Angul, Raigarh, and Patratu, along with strategic operations across India and Africa.

Jindal Steel Limited has disclosed an update to its Environmental, Social, and Governance (ESG) rating following an independent assessment by a SEBI-registered rating provider. The company received intimation from BSE Limited on March 23, 2026, regarding the revision in its ESG score.

ESG Rating Revision Details

ESG Risk Assessments & Insights Limited (ESG Risk.ai), a SEBI-registered ESG Rating Provider, has revised Jindal Steel Limited's ESG score upward. The rating update reflects a modest improvement in the company's ESG performance metrics.

Company's Position on Rating

Jindal Steel Limited has clarified its relationship with the rating provider regarding this assessment. The company emphasized that it did not engage ESG Risk.ai for this rating or report. According to the company's disclosure, the ESG rating appears to have been prepared independently by ESG Risk.ai based on information available in the public domain.

This clarification indicates that the rating was conducted as part of ESG Risk.ai's independent research and assessment activities, rather than through a commissioned engagement by Jindal Steel.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key aspects of the regulatory disclosure include:

• Notification received from BSE Limited on March 23, 2026
• Disclosure made for regulatory clarity and record purposes
• Compliance with SEBI listing obligations requirements
• Transparency regarding independent ESG assessment

The company has requested stock exchanges to take this information on record, ensuring proper documentation of the ESG rating update for regulatory and investor information purposes.