JSW Steel has commenced development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, reinforcing its commitment to India's manufacturing growth. The project is being executed by JSW Rayalaseema Steel Ltd, a 100% subsidiary of JSW Steel Ltd., with a total estimated investment of ₹16,350 crore. The first phase involves a planned investment of ₹4,500 crore to establish a 1-MTPA Integrated Steel Plant, which will subsequently expand to a capacity of 2 Million Tonnes Per Annum (MTPA).

Project Investment Overview

The Rayalaseema Steel Project represents a substantial capital deployment by JSW Steel in Andhra Pradesh. The following table outlines the key financial parameters of the project:

Technology and Sustainability

The project will leverage advanced Electric Arc Furnace (EAF) technology using recycled scrap and high-grade Direct Reduced Iron (DRI) as raw material inputs to manufacture state-of-the-art structural steel. Designed as a future-ready steel manufacturing complex, the facility is expected to be among JSW Steel's most sustainable steelmaking assets. The project aligns with the company's long-term sustainability and decarbonisation roadmap, focusing on operational efficiency, resource optimisation, and low carbon emissions.

Strategic Impact

Strategically located in the Rayalaseema region, the project is supported by planned infrastructure including road, rail, power, and water connectivity. This development is expected to catalyse the growth of ancillary industries and logistics infrastructure in the region. The commencement ceremony was attended by the Hon'ble Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu, and senior JSW leadership, including Mr. Sajjan Jindal, Chairman & Managing Director, JSW Group.

JSW Steel has fixed Friday, July 17, 2026, as the cut-off date to determine shareholder eligibility for remote e-voting and participation in its 32nd Annual General Meeting (AGM). The AGM is scheduled for Friday, July 24, 2026, at 11:00 a.m. IST via Video Conferencing and Other Audio Visual Means. The company has appointed KFin Technologies Limited as the Registrar and Share Transfer Agent to facilitate the e-voting process and meeting participation.

E-Voting and Meeting Schedule

The remote e-voting facility will be available from Tuesday, July 21, 2026 (09:00 a.m. IST) to Thursday, July 23, 2026 (05:00 p.m. IST). Shareholders holding shares in physical or dematerialized form as on the cut-off date are entitled to vote. Mr. Nilesh Shah, Practicing Company Secretary, has been appointed as the Scrutinizer to scrutinize the e-voting process. Members who have cast their vote through remote e-voting may attend the AGM but shall not be allowed to vote again.

Business to be Transacted

Shareholders will consider the adoption of financial statements for the year ended March 31, 2026, and the declaration of a dividend of ₹7.10 per equity share. The Board recommends the re-appointment of Mr. Sajjan Jindal and the appointment of Mr. Devopam Bajpai and Ms. Fiona Jane Mary Paulus as Independent Directors. Additionally, the meeting will seek shareholder approval to ratify the remuneration of Cost Auditors and to undertake material related party transactions with JSW JFE Steel Limited and JSW Steel Global Trade Pte. Limited.

Fundraising and Related Party Transactions

The company has proposed an enabling resolution to raise up to ₹14,000 crore through the issuance of Non-Convertible Debentures with warrants and/or equity shares to Qualified Institutional Buyers. Shareholders will also vote on material related party transactions aggregating ₹24,380 crore with JSW JFE Steel Limited and USD 2,622 million with JSW Steel Global Trade Pte. Limited over the financial years 2026-27 to 2028-29.

Annual Report Access

The Integrated Annual Report 2025-26 has been dispatched electronically to members whose email addresses are registered with the company or depository participants. The report is available on the company's website, the websites of BSE Limited and National Stock Exchange of India Limited, and the RTA website.