Jindal Steel Limited has achieved a groundbreaking milestone in India's steel industry by pioneering advanced coal gasification technology that strengthens the nation's energy security while enabling sustainable steel production. The company has successfully deployed swadeshi coal through innovative gasification processes across multiple steelmaking applications, cutting imported coking coal use significantly.

Revolutionary Coal Gasification Applications

Jindal Steel has established several industry-first achievements in coal gasification technology. The company created India's first coal gasification-based Direct Reduced Iron (DRI) plant, utilizing syngas for iron-making processes. This represents a global first in the steel industry and demonstrates the company's commitment to technological innovation.

In response to shortages of natural gas, LPG, and propane, the company has successfully implemented syngas in galvanising and colour coating line furnaces. This marks the first such application in the steel industry and helps mitigate fuel shortages during challenging times.

Integrated Syngas Deployment Strategy

Jindal Steel has pioneered syngas injection into its blast furnace operations, significantly reducing dependence on imported coking coal while lowering carbon emissions per tonne of steel produced. This integrated deployment of syngas across the entire steelmaking value chain establishes new benchmarks for efficiency, sustainability, and energy self-reliance in the Indian steel sector.

The company's approach demonstrates how synthesis gas from swadeshi coal can replace various imported materials including methanol, ammonia, ammonium nitrate, and LNG. This strategy supports India's goal of utilizing its vast coal reserves for future-proof low-carbon growth while reducing foreign exchange outflow.

Leadership Perspective and Strategic Vision

Mr. P.K. Biju Nair, Executive Director Angul, Jindal Steel, emphasized the strategic importance of this technology: "Synthesis gas from swadeshi coal can replace imported methanol, ammonia, ammonium nitrate, and LNG. India must utilise its vast coal reserves to future-proof low-carbon growth and reduce forex outflow. Coal gasification, coupled with CCUS, will lower emission intensity, support CBAM compliance, and strengthen our export competitiveness."

The company's innovations align with the Government of India's forward-looking policies, including the National Coal Gasification Mission, which are expected to accelerate adoption of coal gasification technologies nationwide.

Company Profile and Investment Scale

Jindal Steel operates as one of India's foremost integrated steel producers with a robust mine-to-metal business model. The company leverages captive resources, advanced manufacturing capabilities, and a global distribution network to deliver high-performance steel solutions across core sectors including infrastructure, construction, and manufacturing.

The company's diversified and future-ready product portfolio supports critical sectors while advancing the vision of Aatmanirbhar Bharat through sustainable and cost-competitive steel production using advanced clean coal gasification technologies.

Jindal Steel Limited has announced key changes to its board of directors following a meeting held on March 27, 2026. The board approved the appointment of a new director and the re-appointment of an existing director, while also witnessing the departure of another director upon completion of his tenure.

Board Appointments and Re-appointments

The board of directors, based on recommendations from the Nomination and Remuneration Committee, approved two significant appointments during the meeting:

Both appointments are subject to shareholder approval. The company confirmed that neither Mr. Debojyoti Roy nor Mr. Damodar Mittal are debarred from holding director positions by SEBI or any other authority.

New Director Profile

Mr. Debojyoti Roy brings extensive experience to Jindal Steel Limited with approximately 27 years of work experience. He holds a B. Tech (Mechanical) and ME from North Eastern Hill University, along with a PGDM from XIM, Bhubaneswar.

His professional background includes significant roles at Tata Steel Ltd, where he served as:

• Chief - Corporate Strategy & Planning, leading enterprise-wide strategic planning and performance improvements
• Director - Strategy & Transformation at Tata Steel UK, driving business transformation post-demerger

Mr. Roy's expertise encompasses Business Strategy, Operations Management, People Processes, Team Leadership, Agile methodologies, Expansion Strategies, Change Management, Restructuring, and Mergers & Acquisitions. He is not related to any existing director or key managerial personnel of the company.

Re-appointed Director Background

Mr. Damodar Mittal, who has been re-appointed as Wholetime Director effective March 28, 2026, brings 37 years of experience to his continued role. He holds a B. Tech in Mechanical Engineering and is a Certified Project Manager.

Mr. Mittal's career highlights include:

• Starting as a Graduate Engineer Trainee with Jindal Steel in 1989
• Managing Iron Zone operations at Angul
• Executing large-scale projects including Coke Ovens & CDQ, DRI plant, Pellet plant, Slurry pipeline project, and Oxygen Plant
• Leading the commissioning of one of India's largest Blast Furnaces

His expertise lies in executing complex projects with focus on planning, project administration, strategic scheduling, quality control, and cost optimization. He specializes in conceptualizing and executing both greenfield and brownfield projects.

Director Departure

Mr. Sabyasachi Bandyopadhyay stepped down as Wholetime Director with effect from the close of business hours on March 27, 2026, upon completion of his tenure. In his resignation letter, he expressed gratitude to the board, management, and stakeholders for their support during his tenure.

Meeting Details

The board meeting commenced at 01:00 p.m. and concluded at 02:15 p.m. on March 27, 2026. All relevant disclosures have been made available on the company's website at www.jindalsteel.in , in compliance with SEBI regulations.