Latest news about JSW Steel
JSW Steel Draws Divergent Ratings from Citi, Goldman Sachs, Morgan Stanley, and Macquarie
JSW Steel
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More news about JSW Steel
09May 26
JSW Steel Schedules Analyst Call for Q4 FY26 Results on May 14
JSW Steel announced an analyst conference call on May 14, 2026, at 5:30 PM IST following the Board meeting to consider Q4 FY26 audited results. The call features senior management and offers global dial-in access with a playback option available until May 18.
09May 26
JSW Steel Declared Preferred Bidder for Pissurlem Mineral Block No. XV in Goa
JSW Steel Limited has been declared the Preferred Bidder for Pissurlem Mineral Block No. XV in Goa following an auction on May 07, 2026, with a winning bid of 118.10% of the value of mineral dispatched. The block holds projected iron ore resources of 96 million tonnes. The company plans to pursue the Letter of Intent and necessary statutory clearances as per the tender document.
28Apr 26
HSBC Maintains Buy Rating on JSW Steel with ₹1,460 Target Price on Strong Demand Outlook
HSBC maintains Buy rating on JSW Steel with ₹1,460 target price, citing multi-year steel demand visibility from urbanisation and infrastructure capex. The brokerage expects policy protection from imports and strong balance sheet to support earnings growth as demand is anticipated to outpace capacity additions.
27Apr 26
Jefferies Maintains Positive Steel Sector Outlook, Names JSW Steel Top Buy Amid China Production Decline
Jefferies maintains a positive outlook on the steel sector as China's steel exports declined 9% year-on-year and production fell 6% year-on-year, improving market balance and lifting Asian spreads from lows. The brokerage projects FY27-28 EPS for JSW Steel and Tata Steel to be 5-28% above Street estimates with potential for further upside. JSW Steel has been named as Jefferies' top buy recommendation in the sector.
27Apr 26
Goldman Sachs Initiates JSW Steel Coverage with Buy Rating and ₹1,490 Target Price
Goldman Sachs has initiated coverage on JSW Steel with a Buy rating and ₹1,490 target price, highlighting a structural shift in steel demand driven by domestic growth. The positive outlook is supported by strong capacity expansion, downstream exposure, operating leverage benefits, favorable balance sheet, and raw material security, collectively supporting long-term upside potential.
25Apr 26
JSW Steel and JFE Steel Corporation Officially Unveil JSW JFE Steel Limited Joint Venture
JSW Steel and Japan's JFE Steel Corporation have officially unveiled the corporate identity of their 50:50 joint venture as JSW JFE Steel Limited during a landmark ceremony held in Sambalpur, Odisha on April 24, 2026. The announcement marks a significant milestone in Indo-Japanese industrial collaboration and celebrates 15 years of strategic partnership between the two steel giants.
22Apr 26
JSW Steel Board Approves Joint Venture with POSCO Group for 6 MTPA Steel Plant
JSW Steel Limited's board has formally approved a strategic joint venture agreement with South Korea's POSCO Group, transforming wholly-owned subsidiary Saffron Resources into a 50:50 partnership. The deal involves POSCO Group investing approximately INR 508.8 crore to establish a 6 MTPA integrated steel manufacturing facility in Odisha, utilizing Saffron's 887 acres of land assets. The partnership provides JSW Steel access to advanced technology for high-grade steel products while supporting its expansion goal of 50 MTPA capacity by FY31.
21Apr 26
JSW Steel Limited Completes Redemption of USD 750 Million Notes, Guarantee Terminated
JSW Steel Limited announced that its indirect wholly owned subsidiary, Periama Holdings LLC, has fully redeemed USD 750 million worth of 5.95% fixed rate senior unsecured notes on April 20, 2026. The notes were issued in two tranches of USD 500 million and USD 250 million in October and December 2020 respectively, listed on the Singapore Exchange. Following the redemption, which was enabled through a loan extended by JSW Steel to the issuer, the company's guarantee under the trust deed has been terminated. All other payments related to the notes have also been completed.
20Apr 26
Investec Maintains Buy Rating on JSW Steel with Target Price ₹1,525
Investec maintains its Buy rating on JSW Steel Limited with a target price of ₹1,525, supported by BPSL monetisation opportunities and strong anticipated cash flows in FY27-28. The recommendation highlights the company's strategic expansion plans including a 6 MT POSCO joint venture, Utkal expansion, and over 18 MT of low-cost brownfield expansion potential offering superior incremental returns on capital employed.
16Apr 26
Sundram Fasteners Limited Discloses Newspaper Advertisement for Saksham Niveshak Campaign
Sundram Fasteners Limited has published newspaper advertisements regarding the IEPFA's second 100-day Saksham Niveshak campaign, which runs from April 1 to July 9, 2026. The campaign aims to help shareholders update their KYC details, bank mandates, and contact information while facilitating claims for unpaid dividends to prevent transfer to IEPFA.
16Apr 26
JSW Steel Limited Announces Special Window for Physical Share Transfer and Dematerialisation
JSW Steel Limited published newspaper advertisement on April 16, 2026, disclosing special window for transfer and dematerialisation of physical securities extended from February 05, 2026 to February 04, 2027. The facility is available for transfer deeds lodged before April 1, 2019 that were rejected due to document deficiencies, with securities to be issued only in demat mode under one-year lock-in period.
14Apr 26
JSW Steel Subsidiary's Resolution Plan for Colour Roof India Faces NCLT Challenge
JSW Steel Limited has disclosed that the NCLT Mumbai Bench partially allowed challenges to its subsidiary JSW Steel Coated Products Limited's selection as successful resolution applicant for Colour Roof (India) Limited. The tribunal directed fresh consideration of all resolution plans, including new applicants and revised proposals, effectively nullifying the previous selection process. JSWSCPL is currently assessing the order's implications and will determine next steps accordingly.
10Apr 26
Morgan Stanley Maintains Overweight Rating on JSW Steel with ₹1,330 Target Price
Morgan Stanley maintains its Overweight rating on JSW Steel with a target price of ₹1,330 despite temporary fourth quarter production impacts from blast furnace shutdown and slight year-over-year volume decline. The brokerage expects inventory destocking to support sales volumes and is awaiting upcoming financial results for further business clarity.
10Apr 26
JSW Steel Reports 30.14 Million Tonnes FY26 Output with 8% Growth Despite BF-3 Impact
JSW Steel delivered strong annual performance in FY26 with combined crude steel production of 30.14 million tonnes, achieving 8% growth despite operational challenges. The company successfully expanded Salem unit capacity from 1.0 MTPA to 1.15 MTPA through infrastructure upgrades, while managing the impact of BF-3 shutdown at Vijayanagar. Q4 FY26 production reached 7.49 million tonnes with Indian operations running at 96% capacity utilization excluding BF-3.
09Apr 26
JSW Steel Submits SEBI Compliance Certificate for Q4FY26
JSW Steel Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 09, 2026, covering the quarter ended March 31, 2026. The certificate was supported by documentation from RTA KFin Technologies Limited, confirming adherence to all dematerialization requirements and proper processing of depository participant requests within prescribed timeframes.
30Mar 26
JSW Steel-JFE Joint Venture Receives ₹7,875 Crore Investment, Establishes Joint Control
JSW Steel has reached a significant milestone in its strategic partnership with JFE Steel Corporation as the Japanese company invested ₹7,875 crores in JSW Kalinga Steel Limited, securing a 25% stake. This first tranche investment establishes joint control over JSW Kalinga and JSW Sambalpur Steel Limited, with provisions for JFE to invest another ₹7,875 crores to achieve the planned 50:50 joint venture structure.
27Mar 26
JSW Steel Board Meeting Scheduled for May 14, 2026 to Review Q4FY26 Results
JSW Steel has scheduled a Board of Directors meeting for May 14, 2026, to consider audited financial results for Q4FY26 and the full financial year FY26. The company has implemented a trading window closure from April 1-16, 2026, for designated persons and their immediate relatives in compliance with SEBI insider trading regulations.
26Mar 26
JSW Steel Completes USD 74.24 Million Acquisition of Minas de Revuboe Limitada
JSW Steel has successfully completed its strategic acquisition of a 92.19% equity stake in Minas de Revuboe Limitada for USD 74.24 million through its wholly owned subsidiary JSW Natural Resources Limited. The transaction, finalized on March 25, 2026, represents a significant step in the company's vertical integration strategy and enhances its control over raw material supply chains for steel production operations.
19Mar 26
JSW Steel Unit Approaches Government for Gas Supply Assistance Amid Shortages
A JSW Steel unit has requested government assistance to address gas supply shortages affecting its operations. The formal request highlights ongoing challenges in the steel sector regarding energy resource availability and the need for government support to maintain manufacturing continuity.
14Mar 26
JSW Steel Announces Minas de Revuboè Coking Coal Mining Project in Mozambique
JSW Steel has launched the Minas de Revuboè coking coal mining project in Mozambique's Tete Province, featuring 850 mt total reserves with 250 mt usable coking coal potential and first phase production of 2.40 mtpa. The project, supported by Mozambique's President, strengthens JSW Steel's raw material security as the company expands to 50 mtpa capacity, while contributing to sustainability goals and cost optimization through strategic overseas sourcing.
10Mar 26
JSW Steel Reports 23.66 Lakh Tonnes February 2026 Crude Steel Production
JSW Steel's February 2026 production of 23.66 lakh tonnes reflects a 2% year-on-year decline, primarily due to the ongoing BF3 upgradation at Vijayanagar and operational challenges at its US facility. Despite this, the company achieved strong capacity utilization of 97% in Indian operations excluding BF3, with underlying growth of 8% driven by JVML ramp-up.
06Mar 26
JSW Steel Limited Schedules Analyst and Institutional Investor Meetings at Jefferies 7th Asia Forum in Hong Kong
JSW Steel Limited has announced analyst and institutional investor meetings scheduled for March 18-19, 2026 at the Jefferies 7th Asia Forum in Hong Kong. The meetings will include both group sessions and one-on-one interactions, with the company noting potential schedule changes due to operational requirements. This disclosure fulfills SEBI Regulation 30 compliance requirements for transparency in investor communications.
04Mar 26
JSW Steel schedules analyst and institutional investor meeting at Vijayanagar Plant for March 11-12, 2026
JSW Steel Limited has scheduled an analyst and institutional investor meeting for March 11-12, 2026, at its Vijayanagar Plant in Karnataka. The announcement was made through a regulatory filing under SEBI regulations, with the meeting structured as a group plant visit. The company noted that schedules may change due to operational requirements, and the filing was submitted to both NSE and BSE as part of standard disclosure requirements.
27Feb 26
JSW Steel Set for $134 Million Weight Increase in MSCI February Rebalancing
JSW Steel is set to receive a significant weight increase of $134 million (₹12.2 billion) in the MSCI February rebalancing scheduled for today at 3 PM. This development represents a major boost for the steel manufacturer in terms of index inclusion weightage and potential foreign institutional investment flows.
10Feb 26
JSW Steel Reports Consolidated Crude Steel Production of 24.75 Lakh Tonnes for January 2026
JSW Steel Limited reported consolidated crude steel production of 24.75 lakh tonnes for January 2026, down 2% from 25.18 lakh tonnes in January 2025. Indian operations produced 24.58 lakh tonnes with marginal YoY growth, while US Ohio operations declined 74% to 0.17 lakh tonnes due to scheduled maintenance. Production was impacted by BF3 shutdown at Vijayanagar for capacity upgradation and caster upgrades at US facilities, though Indian operations achieved 93% capacity utilization excluding BF3.
05Feb 26
JSW Steel Shareholders Approve Strategic Restructuring and Joint Venture with JFE Steel Corporation
JSW Steel Limited obtained shareholder approval for three major corporate restructuring initiatives through postal ballot on February 4, 2026. The resolutions include material related party transactions for a joint venture with JFE Steel Corporation, Japan, transfer of Bhushan Power & Steel's business undertaking to JSW Sambalpur Steel Limited, and reduction of Piombino Steel Limited's shareholding in JSW Kalinga Steel Limited to fifty percent. All resolutions received overwhelming support exceeding 99.99% approval rates, with voting conducted entirely through remote e-voting among 616,844 shareholders on record.
28Jan 26
JSW Steel Achieves Industry-Leading S&P CSA Score of 88, Tops Global Steel Sector in Sustainability Assessment
JSW Steel achieved an exceptional CSA score of 88 from S&P Global's 2025 Corporate Sustainability Assessment, marking its highest ever performance and establishing it as the top performer in the global steel sector. The score represents a 7% year-on-year improvement and places the company in the 100th percentile of the industry. This achievement demonstrates JSW Steel's commitment to sustainable value creation and its effective response to evolving stakeholder expectations regarding ESG performance.
28Jan 26
JSW Steel CFO Confirms January Price Increases, Hints at Further Adjustments
JSW Steel's CFO has announced steel price increases implemented in January, with potential for further adjustments ahead. The pricing strategy reflects the company's proactive approach to market management and operational flexibility in responding to industry conditions.
23Jan 26
JSW Steel Executive Forecasts Improved Profit Margins in Fourth Quarter
JSW Steel executive has forecast better profit margins for the fourth quarter, indicating management's positive outlook on the company's financial performance. While specific figures were not disclosed, the projection suggests confidence in operational improvements and market positioning for the upcoming quarter.
23Jan 26
JSW Steel Forecasts 7-9% Steel Demand Growth in FY27
JSW Steel has forecasted steel demand to grow by 7-9% in FY27, indicating a positive outlook for the Indian steel industry. This projection reflects the company's expectations of continued growth in steel consumption and confidence in underlying market demand drivers for the upcoming fiscal year.
23Jan 26
JSW Steel Announces Major Capital Expenditure Plan of ₹150-160 Billion for FY26
JSW Steel has announced plans to invest ₹150-160 billion in FY26, representing a major capital expenditure commitment. This substantial investment reflects the company's strategic focus on expansion and operational enhancement, demonstrating confidence in market conditions and growth prospects.
23Jan 26
JSW Steel Reports 235% Jump in Q3 Net Profit to ₹2,410 Crore
JSW Steel reported exceptional Q3 financial performance with consolidated net profit jumping 235% to ₹2,410 crore from ₹719 crore in the previous year. Revenue from operations grew 11% to ₹45,219 crore, while EBITDA reached ₹6,496 crore with a 14.1% margin. Despite strong results, shares closed 1.6% lower at ₹1,165.40 on NSE.
23Jan 26
JSW Steel Board Approves Joint Venture Formation for Mumbai Land Development Project
JSW Steel Limited's board approved formation of a joint venture company on January 23, 2026, with subsidiary Peddar Realty Limited holding 51% stake alongside JSW Realty Private Limited and partners. The JV will bid for Mumbai land parcels to develop office and commercial spaces, with Peddar Realty investing up to ₹51.00 crores. The project targets completion by March 31, 2026, supporting JSW Steel's expansion phase and future captive space requirements.
22Jan 26
JSW Steel Q3 Preview: Import Curbs Lift Stock but Earnings Seen Under Pressure
JSW Steel shares rose 5.7% since December 30 following government's 12% safeguard duty announcement, but Q3 earnings face pressure from weak steel prices and higher coking coal costs. Analysts estimate net profit at ₹1,288.00 crore, marking a 21% sequential decline despite 63% year-on-year growth. The company continues aggressive expansion targeting 51 million tonnes capacity through strategic joint ventures with Japanese and South Korean partners while strengthening its balance sheet through the Bhushan transaction that removes ₹20,000.00 crore debt.
21Jan 26
Morgan Stanley Maintains Overweight Rating on JSW Steel, Raises Target Price to ₹1330
Morgan Stanley maintains Overweight rating on JSW Steel with target price raised to ₹1330.00. The positive recommendation reflects continued confidence in the steel major's prospects, though specific rationale was not detailed in available information.
20Jan 26
JSW's First Car to Launch Before Diwali 2025, Says Parth Jindal at Davos
Parth Jindal announced JSW's automotive debut with the first car launching before Diwali 2025, featuring 80% localization and positioned in the ₹15-30 lakh range. The Shambhaji Nagar factory will have assembly line ready by June and paint shop by October. Following AkzoNobel India acquisition, JSW became the fourth largest paint player with 29,000 combined retail counters. The cement business showed 8-9% growth in December with capacity expansion to 40 million tonnes by FY29.
09Jan 26
JSW Steel Reports 12% Production Growth in First Nine Months of FY26
JSW Steel achieved 22.65 million tons of cumulative production in the first nine months of FY26, representing a 12% year-over-year increase. The company's JSW Steel USA facility in Ohio contributed 0.20 million tons to the overall production volume. This growth demonstrates the company's expanding production capacity and successful operational management across domestic and international facilities.
09Jan 26
JSW Steel Reports Q3 FY26 Crude Steel Production of 7.48 Million Tonnes
JSW Steel announced crude steel production of 7.48 million tonnes for Q3 FY26, providing operational insights into the company's manufacturing performance. The production figures reflect the company's operational capacity across its steel facilities during the reporting quarter.
09Jan 26
JSW Steel Reports 6% YoY Growth in Q3 FY26 Crude Steel Production at 7.48 Million Tonnes
JSW Steel Limited delivered strong Q3 FY26 performance with consolidated crude steel production of 7.48 million tonnes, achieving 6% year-on-year growth despite temporary capacity constraints from BF3 upgradation at Vijayanagar. The company maintained 93% capacity utilisation excluding the offline facility and demonstrated robust nine-month growth of 12% with consolidated production reaching 22.65 million tonnes, highlighting operational resilience and strategic infrastructure development initiatives.
24Dec 25
JSW Steel Gets A- Credit Rating from Japan Agency
JSW Steel has been assigned A- ratings with stable outlook for both foreign and local currency long-term issuer categories by Japan Credit Rating Agency (JCR). The rating reflects JSW's strong market position as one of India's largest steel manufacturers, with approximately 17% domestic market share. JCR noted JSW's strategic partnerships, including with JFE Holdings and POSCO HOLDINGS, as well as its ongoing capacity expansion plans. Despite recent financial challenges, the company showed signs of recovery with improved revenue and net income in H1 FY. JCR expects JSW to maintain disciplined financial management given its competitive position and favorable business environment.
23Dec 25
JSW Steel Schedules Q3 Results Review for January 23
JSW Steel has announced that it will review its third quarter financial results on January 23. This scheduled announcement is significant for investors, analysts, and market participants who are closely monitoring the steel major's performance. The review will provide insights into JSW Steel's revenue trends, profitability metrics, and overall business performance for the quarter.
12Dec 25
JSW Steel's Long-Term Ratings Placed on Watch with Positive Implications by ICRA
ICRA Limited has placed JSW Steel's long-term ratings on watch with positive implications following approval of a strategic 50:50 joint venture with JFE Steel Corporation valued at ₹31,500 crores. The transaction involves JFE's equity infusion of ₹15,750 crores and transfer of BPSL's steel business for ₹24,483 crores, expected to result in aggregate deleveraging of ₹37,000 crores and improvement in net debt/OPBDITA ratio to 2.10-2.20 times by FY2027-28.
10Dec 25
Jefferies Maintains Buy Rating on JSW Steel with ₹1,300 Target Price
Jefferies has issued a Buy recommendation for JSW Steel with a target price of ₹1,300 per share. The recommendation reflects the global brokerage's positive assessment of the steel company's business fundamentals and market positioning in the Indian steel sector.
09Dec 25
JSW Steel Achieves 5% YoY Growth in November 2025 Crude Steel Production
JSW Steel achieved a consolidated crude steel production of 24.39 lakh tonnes in November 2025, marking a 5% year-on-year increase. The company's Indian operations maintained an 84% capacity utilization, impacted by the ongoing shutdown of Blast Furnace 3 (BF3) at its Vijayanagar facility. Excluding BF3, capacity utilization reached 93%. The BF3 shutdown, which began in late September 2025, is part of an upgrade to increase its capacity from 3 MTPA to 4.5 MTPA.
03Dec 25
JSW Steel Expands Portfolio: Acquires Saffron Resources, Strengthening Its Market Position
JSW Steel Limited has finalized the acquisition of Saffron Resources Private Limited on December 3, 2025, making it a wholly-owned subsidiary. The acquisition, initiated on July 18, 2025, involves JSW Steel acquiring 100% equity interest in Saffron Resources. While specific financial details were not disclosed, JSW Steel's recent balance sheet shows a 30.52% year-over-year increase in investments, potentially including this acquisition.
03Dec 25
JSW Steel and JFE Steel Form Strategic Joint Venture for Bhushan Power & Steel
JSW Steel and Japan's JFE Steel Corporation have agreed to establish a 50-50 joint venture to operate the Bhushan Power & Steel integrated steel facility. JFE Steel will invest approximately 270 billion yen ($1.8 billion) in this venture. The partnership aims to combine JSW Steel's local market knowledge with JFE Steel's technological expertise to enhance operational efficiency and competitiveness. This collaboration marks a significant step in the consolidation and internationalization of the Indian steel industry.
17Nov 25
JSW Steel Bolsters Leadership: Sandeep Batra Appointed as President CHRO-Steel Corporate
JSW Steel has appointed Sandeep Batra as President CHRO-Steel Corporate, effective November 18, 2025. Batra brings 31 years of HR experience across multiple sectors, including his recent role as Chief People Officer at Adani Airport Holdings Limited and Adani Digital Labs. His appointment signals JSW Steel's focus on strengthening its HR capabilities in the face of industry challenges and opportunities.
13Nov 25
JSW Steel's Credit Rating Outlook Upgraded to Stable by India Ratings
India Ratings and Research has affirmed JSW Steel Limited's Long-Term Issuer Rating and non-convertible debentures at 'IND AA' while upgrading the outlook to Stable. This follows a Supreme Court ruling upholding JSW Steel's INR 193.50 billion bid for Bhushan Power and Steel Ltd. The agency expects JSWL's consolidated net adjusted leverage to improve from FY26, supported by healthy domestic demand, capacity ramp-up, and operational improvements. JSWL plans significant expansion, aiming to increase total capacity in India to 42 mtpa by September 2027 and 50 mtpa by FY31, with a capex of INR 761.10 billion over FY26-FY29. The company maintains a strong liquidity position with INR 186.00 billion in cash and cash equivalents and INR 383.00 billion in unutilized credit lines.
11Nov 25
JSW Steel Explores Strategic Partnership for Bhushan Power & Steel
JSW Steel is considering selling up to 50% of its stake in Bhushan Power & Steel Ltd (BPSL). Japan's JFE Steel is the frontrunner to acquire this stake. JSW Steel acquired BPSL in 2019 under the Insolvency and Bankruptcy Code, with a steel-making capacity of about 4.5 million tonnes per annum. The potential sale could attract significant foreign investment and reshape India's steel industry landscape. JSW Steel aims to enhance scale, efficiency, and global competitiveness through this strategic move.
10Nov 25
JSW Steel Reports 9% YoY Growth in Crude Steel Production for October 2025
JSW Steel produced 24.95 lakh tonnes of consolidated crude steel in October 2025, a 9% year-over-year increase. Indian operations achieved 83% capacity utilization, rising to 92% when excluding Blast Furnace 3, which is undergoing expansion from 3.0 MTPA to 4.5 MTPA. JSW Steel USA-Ohio contributed 0.55 lakh tonnes. The company maintained strong production despite the temporary shutdown of Blast Furnace 3 at its Vijayanagar facility, which is expected to resume production in February 2026.
29Oct 25
JSW Steel Shares Surge 3.3% Amid Strong Q2 Results, Metal Sector Rally, and Increased Stake in Australian Coal Mine
JSW Steel's shares rose 3.3% to Rs 1,224, marking the fourth consecutive session of gains. The company reported a 307% YoY increase in Q2 FY24 consolidated PAT to Rs 1,646 crore, with revenue up 12% to Rs 42,149 crore. Domestic sales increased by 14%, and exports surged by 89%. The company's net debt-to-equity ratio improved to 0.93x. JSW Steel also increased its stake in an Australian coal mine, boosting its interest in Illawarra Metallurgical Coal to 30%.
23Oct 25
JSW Steel to Begin Odisha Plant Construction, Seeks New Iron Ore Mines
JSW Steel plans to start construction of its Odisha steel plant within a year. The company is also actively looking for new iron ore mines to secure raw material supply for increasing demand. This expansion strategy aims to strengthen JSW Steel's presence in eastern India and ensure long-term sustainability through vertical integration.
20Oct 25
JSW Steel Outlines FY26 Strategy and Expects Significant Decline in Chinese Steel Production
JSW Steel has announced its strategic plans for FY26, including an annual capital expenditure of INR 20,000 crore and a target to keep net debt to EBITDA below 3X. The company anticipates a decline in iron ore prices in Q3, a rise in steel prices in Nov-Dec 2025, and a slight increase in coking coal costs. JSW Steel also projects a 30-35 million ton reduction in Chinese steel output by 2026. Morgan Stanley maintains an 'Overweight' rating on JSW Steel with a price target of Rs 1,300.
17Oct 25
JSW Steel Announces 690 Billion Rupees Capital Expenditure Plan Amid Mixed Commodity Price Forecasts
JSW Steel has unveiled plans for a ₹690 billion capital expenditure over three years, starting from FY26. The company is consolidating its US operations under a single holding company and merging three Indian subsidiaries. Strong steel demand in India is expected, with 8-9% growth forecasted for the current fiscal year. Q2 FY26 saw impressive financial results, including a 307% YoY increase in net profit. The company also provided commodity price predictions for Q3, expecting iron ore prices to fall, steel prices to rise, and coking coal prices to increase slightly.
17Oct 25
JSW Steel Reports 25.7% Drop in Q2 Net Profit Despite Revenue Growth
JSW Steel Limited reported a 4.9% quarter-on-quarter increase in consolidated revenue to ₹44,560.00 crore. However, consolidated net profit declined by 25.7% to ₹1,623.00 crore. EBITDA fell by 6% to ₹7,115.00 crore, with the EBITDA margin compressing to 15.8% from 17.6% in the previous quarter. The company demonstrated revenue growth but faced pressure on profitability, reflecting challenges in the steel industry.
16Oct 25
JSW Steel Q2 Preview: Analysts Anticipate Margin Squeeze Despite Robust Demand
JSW Steel is set to release its Q2 FY24 results with analysts projecting a mixed performance. Despite a 2% YoY revenue increase to Rs 44,171 crore, profit is expected to decline by 21% to Rs 1,727 crore. EBITDA is forecasted to drop 8% with margins contracting by 184 bps. The company faces challenges from weaker steel price realizations, offsetting gains from robust domestic demand. Analysts from Bank of America, Morgan Stanley, and Jefferies maintain positive ratings, while ICICI Securities holds a more cautious view. Key factors influencing performance include declining realizations, higher input costs, strong domestic demand, and ongoing capacity expansions.
10Oct 25
JSW Steel Achieves Record Quarterly Crude Steel Production of 7.90 Million Tonnes in Q2 FY26
JSW Steel reported a record-breaking consolidated crude steel production of 7.90 million tonnes for Q2 FY26, marking a 17% year-over-year increase and a 9% quarter-over-quarter growth. The company operated at 92% capacity utilization. Indian operations produced 7.66 million tonnes, while JSW Steel USA – Ohio contributed 0.24 million tonnes. Key developments include the commissioning of JVML's second converter, bringing Indian operations' crude steel capacity to 34.2 MTPA, and the commencement of a planned upgrade for Blast Furnace 3 at Vijayanagar to increase hot metal capacity from 3 MTPA to 4.5 MTPA.
07Oct 25
Supreme Court Dismisses PMLA Case Against JSW Steel
The Supreme Court has dismissed a Prevention of Money Laundering Act (PMLA) case against JSW Steel, removing pending PMLA proceedings against the company. This ruling provides significant legal relief to JSW Steel and may allow the company to focus more on its core business operations. The dismissal could potentially reinforce the company's stance on regulatory compliance and financial transparency.
02Oct 25
Moody's Upgrades JSW Steel's Outlook to Positive on Robust Expansion and Growth Prospects
Moody's Ratings has revised JSW Steel's outlook from stable to positive while affirming its Ba1 ratings. The upgrade reflects JSW Steel's impressive capacity expansion and strong growth strategy in India's growing steel market. The company has increased its production capacity by 20% in 15 months to 35.7 million tonnes per annum and plans a further 20% increase by 2028. Moody's projects JSW Steel's earnings to reach ₹300.00 crore in FY26 and ₹350.00 crore in FY27, driven by increased sales volumes and stable EBITDA. However, the company faces challenges such as import competition and significant capital expenditure plans.
26Sept 25
Supreme Court Upholds JSW Steel's ₹19,700-Crore BPSL Resolution Plan After Overturning Earlier Judgment
The Supreme Court has reversed its previous judgment and approved JSW Steel's ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL). The court rejected the committee of creditors' plea for an additional ₹6,100 crore, stating such claims have no basis under the Insolvency and Bankruptcy Code. JSW Steel acquired a 49% stake in BPSL in 2021, later increasing it to 83%. The court noted JSW Steel's significant investment in BPSL, turning it into a profitable entity. Following the announcement, JSW Steel shares gained 1.50%, trading at ₹1,160.50.
25Sept 25
JSW Group to Raise ₹7,000 Crore via NCDs for AkzoNobel India Acquisition
JSW Steel plans to raise ₹7,000 crore through non-convertible debentures (NCDs) to finance its acquisition of AkzoNobel India. The zero-coupon NCDs, issued by JTPM Metal Traders, will have a 4-year 7-month tenor with an 8.50% effective IRR for investors. The issuance, rated AA by Care Ratings, allocates ₹2,100 crore to anchor investors and ₹4,900 crore for public bidding. JSW aims to acquire up to 75% stake in AkzoNobel India, with a maximum consideration of ₹9,400 crore and a total deal value of approximately ₹12,915 crore including the open offer.
23Sept 25
JSW Group Unveils Ambitious Plans for Independent Electric Vehicle Venture
JSW Steel announces entry into the automotive sector with JSW Motor, planning to launch its first electric or plug-in hybrid car in Q2 2026. The company aims to introduce 3-4 models in 2026 and 3 more in 2027. JSW is developing a 630-acre automotive hub in Maharashtra with an initial annual capacity of 500,000 cars, scalable to 1 million. The group targets a 2 million cars annual capacity within 5-6 years across multiple facilities. JSW pledges $3 billion investment over five years, with $2 billion for the first phase. The company plans to achieve 70-75% localization initially, aiming for 100% in the future. JSW Motor will focus on electric, hybrid, and next-generation vehicles, with plans to hire 1,000-1,200 engineers and 5,000-6,000 workers.
17Sept 25
JSW Steel Boosts Stake in M Res NSW, Enhancing Coking Coal Security
JSW Steel has increased its stake in M Res NSW HCC Pty Ltd to 83.33% from 66.67% for $60 million. This move raises JSW Steel's effective economic interest in Illawarra Metallurgical Coal to 30% from 20%. The acquisition enhances JSW Steel's raw material security with increased offtake rights for hard coking coal and access to significant coal reserves. The company's future investment commitment in M Res NSW has also increased to up to $75 million by 2030.
08Sept 25
JSW Steel's Crude Steel Production Surges 17% in August
JSW Steel's crude steel production reached 27.03 lakh tonnes in August, marking a 17% year-over-year increase. The company achieved a high capacity utilization rate of 95%, indicating strong operational efficiency and market demand. This growth suggests a positive outlook for the steel industry and may impact JSW Steel's market position.
28Aug 25
JSW Steel in Focus as China Plans Steel Production Cuts by 2025-2026
China plans to reduce steel production by 2025-2026, according to a Reuters report. This decision by the world's largest steel producer could significantly affect the global steel industry, potentially impacting major manufacturers like India's JSW Steel. The move may lead to shifts in global steel supply and demand dynamics, affect international steel prices, and create opportunities for producers in other countries. JSW Steel may need to reassess its strategies in response to these changing market conditions.
26Aug 25
JSW Steel Forms Joint Venture for Iron Ore Project in Andhra Pradesh
JSW Steel has incorporated APJSW Private Limited, a joint venture with Andhra Pradesh Mineral Development Corporation (APMDC), to develop the Konijedu Marlapadu Integrated Iron Ore Project. JSW Steel holds 89% stake, while APMDC holds 11% as free ride equity. The ₹1,075 crore project aims to produce 1.3 million tons of beneficiated iron ore concentrate annually, replacing imported iron ore and reducing costs for JSW Steel. The company has made an initial subscription of ₹89,000 for 8,900 equity shares in the joint venture.
22Aug 25
JSW Steel Receives ₹1,473 Crore Demand Notice from Odisha Government Over Iron Ore Block
JSW Steel has received a ₹1,472.69 crore demand notice from the Odisha Government for mining dues related to the Jajang Iron Ore Block. The company, which had surrendered the block in December 2024 due to uneconomic operations, plans to pursue legal remedies. Despite this challenge, JSW Steel's recent quarterly results show improvements with net profit rising to ₹2,184 crore and EBITDA growing by 37.5% to ₹7,576 crore. The company's shares closed down 1.70% at ₹1,053.95.
21Aug 25
JSW Steel Subsidiary Secures Coal Block in Chhattisgarh Auction
Mivaan Steels Limited, a wholly-owned subsidiary of JSW Steel, has won the auction for the Rajgamar Dipside Coal Block in Chhattisgarh. The winning bid was 31.50% of the National Coal Index pricing. The company will now proceed to obtain necessary clearances and execute agreements before starting mining operations. This acquisition is expected to enhance JSW Steel's raw material security and operational efficiency.
18Aug 25
JSW Steel and POSCO Group Explore Joint Venture Amid Growing India-China Tech Collaborations
JSW Steel and POSCO Group have signed a non-binding Heads of Agreement to explore establishing a 6 million tonnes per annum integrated steel plant in India. The proposed 50:50 joint venture aims to combine JSW's execution capabilities with POSCO's steelmaking technology. Odisha is being considered as a potential site. Both companies will conduct a detailed feasibility study to determine critical factors for the project. The partnership aligns with India's vision of Atmanirbhar Bharat and aims to create a globally competitive manufacturing hub.
14Aug 25
JSW Steel Set to Benefit from 5-Year Anti-Dumping Duty on Vietnamese Hot Rolled Steel Imports
The Directorate General of Trade Remedies (DGTR) has imposed a five-year anti-dumping duty on certain hot rolled steel imports from Vietnam. This measure aims to protect the domestic steel industry and is expected to benefit Indian manufacturers, particularly JSW Steel. The duty is designed to counter unfair trade practices, potentially leading to improved market share, enhanced pricing power, and increased capacity utilization for domestic producers. The move is anticipated to stabilize domestic prices, boost local production, and enhance the competitiveness of the Indian steel industry.
12Aug 25
Supreme Court Defers Ruling on JSW Steel's ₹19,700 Crore BPSL Plan
The Supreme Court has postponed its decision on JSW Steel's ₹19,700 crore plan related to Bhushan Power and Steel Limited (BPSL). This delay introduces uncertainty for JSW Steel, BPSL, creditors, investors, and the broader steel industry. The case's outcome could have significant implications for mergers and acquisitions in the sector.
08Aug 25
JSW Steel Reports 19% Surge in July Crude Steel Production; Banks Press for Interest Payment on Bhushan Power Deal
JSW Steel's consolidated crude steel production reached 26.23 lakh tonnes in July, marking a 19% year-over-year increase. Indian operations grew by 19% to 25.52 lakh tonnes, while JSW Steel USA-Ohio saw a slight decline to 0.72 lakh tonnes. The company's domestic facilities operated at 92.5% capacity utilization. JSW Steel aims to expand its consolidated capacity to 43.4 MTPA in the next three years and has set environmental goals including reducing CO2 emissions by 42% by 2030.
04Aug 25
JSW Steel and JFE Steel to Boost Grain-Oriented Electrical Steel Capacity to 350,000 Tons in India
JSW Steel and JFE Steel plan to increase their grain-oriented electrical steel (GOES) production capacity in India to 350,000 tons annually. The expansion includes increasing capacity at the Vijayanagar Plant to 100,000 tons and expanding the Nashik Plant's capacity five-fold to 250,000 tons. The joint venture will invest ₹5,845.00 crore in this expansion, with JSW Steel contributing up to ₹983.00 crore in equity funding. The move aims to meet growing domestic demand for high-efficiency electrical steel and support India's energy transition goals.
31Jul 25
Supreme Court Allows Open Court Hearing for JSW Steel's Review Petition in Bhushan Power Case
The Supreme Court of India has issued an order allowing an open court hearing of JSW Steel's review petition regarding the Bhushan Power and Steel Limited (BPSL) resolution plan. The court has issued a notice on the review petition, allowed applications for listing it in open court, and granted permission for oral hearings. This development follows JSW Steel's filing of a review petition on June 25, 2025, challenging the Supreme Court's judgment from May 2, 2025. The decision potentially allows for a more comprehensive examination of the case and could have significant implications for JSW Steel and the resolution of the BPSL case.
31Jul 25
Supreme Court Allows Open Court Hearing of JSW Steel's Review Petition in Bhushan Power Case
The Supreme Court has issued a notice on JSW Steel's review petition regarding the Bhushan Power and Steel Limited (BPSL) resolution plan. The court has allowed applications for listing the review petition in open court and granted permission for oral hearings. This development follows JSW Steel's acquisition of BPSL through the corporate insolvency resolution process, which was complicated by a previous Supreme Court judgment. The decision to allow an open court hearing provides JSW Steel an opportunity to present its case more comprehensively.
29Jul 25
Supreme Court to Hear JSW Steel's Review Petition on Bhushan Power Resolution Plan
The Supreme Court has agreed to hear JSW Steel's review petition challenging the earlier decision to strike down its ₹19,700 crore resolution plan for Bhushan Power and Steel Limited (BPSL). The court has issued a notice and scheduled the hearing for July 31. This review follows the court's May decision that deemed the plan a violation of the Insolvency and Bankruptcy Code (IBC) and ordered BPSL's liquidation. The outcome could have significant implications for BPSL's future, the interpretation of the IBC, and the resolution process for stressed assets in India's steel sector.
25Jul 25
JSW Steel Conducts 31st AGM, Appoints New Independent Director and Addresses Key Business Matters
JSW Steel Limited conducted its 31st Annual General Meeting virtually on July 25, 2025. The meeting saw 112 members participate and addressed key agenda items including financial performance, dividend declaration, and appointment of directors. Mr. Shyamal Mukherjee was welcomed as a new Independent Director, replacing Mr. Haigreve Khaitan. Shareholders voted on 21 resolutions covering ordinary and special business matters. The company implemented measures for transparency and compliance, including e-voting facilities and appointment of a scrutinizer.
23Jul 25
JSW Steel's Independent Director Haigreve Khaitan Concludes Second Term
JSW Steel Limited has announced the completion of Mr. Haigreve Khaitan's second five-year term as an Independent Director, effective July 23, 2025. The company expressed appreciation for Mr. Khaitan's contributions during his tenure. This announcement was made in compliance with SEBI regulations and communicated to various stock exchanges.
22Jul 25
JSW Steel Warns of Cheap Steel Import Threats Amid Strong Quarterly Performance
JSW Steel, a leading Indian steel producer, has reported a significant increase in quarterly profits, surpassing analyst expectations. However, the company has raised concerns about potential cheap steel imports despite government protective measures. Joint Managing Director Jayant Acharya highlighted the threat of imports, exacerbated by U.S. tariffs and oversupply from China. India saw increased iron and carbon steel imports from China in June. Despite challenges, JSW Steel plans to expand its steelmaking capacity from 35.70 million tons to 42.00 million tons by September 2027 and 50.00 million tons by the end of the decade.
22Jul 25
JSW Steel Reports 45% Profit Surge Despite Revenue Dip, Remains Cautious on Global Market
JSW Steel's consolidated net profit increased by 45% to ₹2,184.00 crore in Q1 FY24, despite a 3.7% year-on-year revenue decline to ₹43,147.00 crore. The company saw production volume grow by 14%, sales volume by 9%, and domestic sales by 12%. EBITDA improved due to better sales prices. CEO Jayant Acharya noted steel price increases in April and May, with moderation in June and July. The company remains cautious about future quarters due to declining international steel prices, changing global trade flows, and geopolitical challenges.
21Jul 25
JSW Steel Shares Drop Over 1% Despite 45% Net Profit Growth as Revenue Declines
JSW Steel's consolidated net profit increased by 45% to Rs 2,184 crore, while revenue declined 3.7% to Rs 43,147 crore compared to the previous quarter. EBITDA rose 19% to Rs 7,576 crore, with the EBITDA margin expanding to 17.6%. Despite strong profit growth, the company's shares fell over 1% following the results announcement. The stock has gained 14.79% over the past 12 months and 13.31% year-to-date. Analysts have mixed opinions, with 17 buy, 7 hold, and 10 sell ratings.
18Jul 25
JSW Steel Reports Strong Q1 Results, Announces Strategic Acquisitions and Joint Ventures
JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company announced strategic initiatives including the acquisition of Saffron Resources Private Limited, increased stake in JSW Severfield Structures Limited, and a joint venture with Andhra Pradesh Mineral Development Corporation. JSW Steel's Indian operations reported 87% capacity utilisation, with domestic sales growing 12% year-on-year. The company continues to focus on sustainability and maintains its expansion plans targeting 50 million tonnes capacity by 2030-31.
18Jul 25
JSW Steel Reports Robust Q1 Performance, Announces Strategic Acquisitions
JSW Steel reported robust Q1 financial performance with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company's crude steel production grew 14% YoY to 7.26 million tonnes. The Board approved key strategic moves including the acquisition of Saffron Resources Private Limited for ₹679.34 crore, plans to increase stake in JSW Severfield Structures Limited, and a joint venture with APMDC for an iron ore project in Andhra Pradesh. These initiatives aim to support future expansion and strengthen JSW Steel's market position.
18Jul 25
JSW Steel Reports Strong Q1 Results, Announces Strategic Acquisitions
JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. The company's crude steel production increased by 14% YoY to 7.26 million tonnes. Strategic moves include acquiring Saffron Resources Private Limited for ₹679.34 crore, potentially increasing stake in JSW Severfield Structures Limited, and forming a joint venture with APMDC for an iron ore project. Despite short-term challenges, JSW Steel anticipates strong demand growth in the coming year.
18Jul 25
JSW Steel Reports Strong Q1 Performance, Announces Strategic Acquisitions
JSW Steel reported robust Q1 financial results with revenue at ₹43,147.00 crore, EBITDA at ₹7,576.00 crore, and net profit at ₹2,209.00 crore. Consolidated crude steel production increased by 14% to 7.26 million tonnes, while sales volume rose 9% to 6.69 million tonnes. The company announced strategic moves including the acquisition of Saffron Resources, potential increased stake in JSW Severfield Structures Limited, and a new joint venture with APMDC for an iron ore project in Andhra Pradesh.
18Jul 25
JSW Steel Considers Review Petition for Bhushan Power & Steel Amid Strategic Acquisitions
JSW Steel is contemplating filing a review petition concerning Bhushan Power & Steel Limited (BPSL). The company is also engaging in strategic moves including the acquisition of Saffron Resources Private Limited, increasing stake in JSW Severfield Structures Limited, and forming a joint venture with Andhra Pradesh Mineral Development Corporation. These initiatives aim to strengthen JSW Steel's market position and expand operations. The company reported consolidated revenue of ₹43,147 crore, operating EBITDA of ₹7,576 crore, and net profit of ₹2,209 crore in its latest financial results.
18Jul 25
JSW Steel Expands Operations, Addresses Industry Challenges Amid Strong Domestic Demand
JSW Steel has approved the acquisition of Saffron Resources Private Limited, gaining access to 887 acres in Odisha. The company plans to increase its stake in JSW Severfield Structures Limited to 74.9%. A new joint venture with Andhra Pradesh Mineral Development Corporation will establish an iron ore project in Andhra Pradesh. Despite strong domestic demand, JSW Steel faces challenges from Chinese exports and low-cost imports. The company reported revenue of ₹43,147 crore, EBITDA of ₹7,576 crore, and net profit of ₹2,209 crore for the quarter.
18Jul 25
JSW Steel to Acquire Saffron Resources for 6.79 Billion Rupees, Expanding Land Holdings in Odisha
JSW Steel plans to acquire 100% equity in Saffron Resources Private Limited for ₹6.79 billion ($82 million). The acquisition will provide JSW Steel with 887 acres of land in Odisha for future expansion. The deal, approved by JSW Steel's Board of Directors, involves a holdback amount of ₹40.10 crore. Saffron Resources currently has no business operations and has not reported any turnover in the last three years. The transaction is expected to close within 60 days, subject to customary conditions.
18Jul 25
JSW Steel Expands Footprint with Strategic Acquisitions and Joint Ventures
JSW Steel has approved the acquisition of Saffron Resources Private Limited, which owns 887 acres of land in Odisha. The company also plans to increase its stake in JSW Severfield Structures Limited to 74.9% for up to ₹235.10 crore. Additionally, JSW Steel will form a joint venture with Andhra Pradesh Mineral Development Corporation for an iron ore project in Andhra Pradesh, with an 89% stake and an estimated cost of ₹1,075 crore. The company reported a consolidated revenue of ₹43,147.00 crore, an Operating EBITDA of ₹7,576.00 crore, and a net profit of ₹2,209.00 crore.
18Jul 25
JSW Steel Announces Strategic Moves and Q1 Profit Surge
JSW Steel announced impressive Q1 financial results with net profit doubling to ₹2,184 crore and EBITDA rising 37.5% to ₹7,576 crore. The company also revealed strategic developments including the acquisition of Saffron Resources Private Limited for land in Odisha, plans to increase stake in JSW Severfield Structures Limited to 74.9%, and a new joint venture with APMDC for an iron ore project in Andhra Pradesh. Operationally, JSW Steel saw a 14% increase in crude steel production and 9% growth in steel sales year-on-year.
18Jul 25
JSW Steel: Q1 Profit Surges on Lower Expenses
JSW Steel's Q1 financial results show significant profitability improvements despite flat revenue. Net profit soared 158.46% to ₹2,184.00 crore, while EBITDA increased 37.50% to ₹7,576.00 crore. The EBITDA margin improved to 17.56%. Cost management efforts led to a 3.30% decrease in total expenses. The company announced strategic moves including a land acquisition in Odisha, potential expansion of a joint venture, and a new iron ore project in Andhra Pradesh. However, net debt increased to ₹79,850.00 crore.
17Jul 25
JSW Steel Anticipates Margin Improvement in Q1 FY2026 Results
JSW Steel is expected to announce improved Q1 FY2026 financial results on Friday. Analysts predict a 31% year-on-year increase in EBITDA to Rs 7,234 crore and a 1% rise in revenue to Rs 42,790 crore. The positive outlook is attributed to recent price hikes and lower coal costs. However, the company faces challenges from industry pricing pressures and seasonal demand weakness.
09Jul 25
JSW Steel Achieves 14% YoY Growth in Q1 Crude Steel Production
JSW Steel produced 7.26 million tonnes of crude steel in Q1, marking a 14% year-on-year increase. This growth indicates robust demand and improved operational efficiency in the steel sector.
08Jul 25
JSW Steel: Q1 Crude Steel Production Reaches 7.26 Million Tonnes, Up 14% YoY
JSW Steel announced a consolidated crude steel production of 7.26 million tonnes for the first quarter, representing a 14% year-on-year growth. Indian operations contributed 7.02 million tonnes, with capacity utilization at 87%. Despite the annual increase, there was a 5% quarter-on-quarter decline due to planned maintenance shutdowns of blast furnaces, which have since resumed optimal operations.
25Jun 25
JSW Steel Files Review Petition in Supreme Court Over Bhushan Power Case
JSW Steel has filed a review petition in the Supreme Court regarding its earlier judgment on the Bhushan Power and Steel Ltd. (BPSL) resolution plan. This follows the court's May ruling that questioned the legality of JSW Steel's acquisition of BPSL. The Supreme Court has ordered a status quo on BPSL's liquidation proceedings until the review petitions are heard. The outcome of this petition is crucial for JSW Steel, as it could either salvage its acquisition of BPSL or force the company to relinquish control, impacting its growth plans in the steel sector.
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