Jindal steel has unveiled ambitious expansion plans for its Angul facility, marking a significant milestone in the company's growth trajectory. The steel manufacturer is set to commission Basic Oxygen Furnace-III by Q4 FY26, representing a major capacity enhancement initiative.

Production Capacity Enhancement

The commissioning of the new Basic Oxygen Furnace-III will substantially boost the Angul facility's steel production capabilities. Upon completion, the facility's total steel production capacity will reach 15.6 million tonnes, positioning it as a major production hub in the company's portfolio.

Infrastructure Development

Alongside the furnace commissioning, Jindal Steel is progressing with its slurry pipeline project at the Angul facility. The completion of this critical infrastructure component is expected by the end of FY26, complementing the overall expansion strategy.

Cost Optimization Benefits

The slurry pipeline completion is projected to deliver significant operational cost advantages for the company. The infrastructure development is expected to achieve cost savings ranging from ₹750 to ₹850 per tonne, enhancing the facility's operational efficiency and competitiveness.

These strategic developments at the Angul facility demonstrate Jindal Steel's commitment to expanding its production capabilities while optimizing operational costs through infrastructure improvements.

Jindal Steel has expressed strong confidence in achieving its ambitious sales target for FY26, reaffirming its commitment to long-term operational guidance. The steel manufacturer expects to meet its sales goal of 8.5 to 9 million tonnes, demonstrating the company's robust production capabilities and market positioning.

Performance Outlook and Financial Targets

The company anticipates a significant improvement in its fourth quarter performance compared to Q3, with expectations of much higher EBITDA during the period. This projected enhancement reflects the company's operational efficiency improvements and strategic market positioning.

Strategic Financial Management

Jindal Steel has outlined its strategic approach to debt management, aiming to reduce its net debt to EBITDA ratio below 1.5x. This target will be achieved through a combination of increased production capacity and rising revenues, reflecting the company's focus on maintaining a healthy balance sheet while pursuing growth objectives.

Long-term Commitment

The company has confirmed its commitment to long-term guidance, indicating confidence in its operational strategy and market outlook. This commitment underscores Jindal Steel's strategic planning approach and its ability to deliver on projected targets despite market challenges.