Date: July 09, 2026

Production Performance Summary

JSW Steel reported consolidated crude steel production for Q1 FY27 (April-June 2026) at 6.59 million tonnes (MnT).

Production Breakdown (MnT)

| Particulars | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ Change | YoY Change |

| Indian Operations | 6.35 | 6.32 | 6.14 | +0.3% | +3.4% |

| JSW Steel USA - Ohio | 0.24 | 0.15 | 0.24 | +60.0% | 0.0% |

| Consolidated Production | 6.59 | 6.48 | 6.38 | +1.7% | +3.3% |

Operational Context and Adjustments

Note: The steel business undertaking of Bhushan Power and Steel Limited (BPSL), a subsidiary of the Company, was transferred on a slump-sale basis to JSW-JFE Steel Limited (a JV company) in March 2026. The production figures relating to the transferred undertaking have been reduced from previous year's numbers for comparison.

Operational Highlights

  • Blast Furnace 3 (BF3) of Vijayanagar was under shutdown for upgradation of capacity during the quarter
  • BF3 started hot-metal production from June 23, 2026
  • Crude steel production growth for the quarter remained at 3% YoY, mainly due to the BF3 shutdown
  • Excluding BF3 production impact from last year's base, Q1 FY27 volumes grew approximately 15% YoY
  • Growth drivers included full ramp-up of JVML operations and improved utilization at Dolvi Unit
  • Capacity utilization for Indian operations for Q1 FY27 (excluding BF3 capacity under shutdown) was approximately 94%

Company Background Context

  • JSW Steel is the flagship business of the diversified, US$ 25 billion JSW Group
  • Current combined crude steel capacity: 37.9 MTPA (including 4.5 MTPA through JSW JFE Steel JV)
  • Planned capacity expansion to 54.8 MTPA over the next four years
  • Vijayanagar plant current capacity: 19.5 MTPA, expanding to ~25 MTPA by FY30
  • Strategic collaboration with JFE Steel of Japan for technology access
  • Multiple sustainability certifications and recognitions including WorldSteel's Steel Sustainability Champion (8 consecutive years from 2019 to 2026)
  • CO₂ emission reduction goals: 42% reduction by 2030, net neutral by 2050

Forward Looking Statements

The document includes standard forward-looking statements cautioning about risks and uncertainties that could cause actual results to differ materially from expectations, including fluctuations in earnings, growth management, intense competition, cost factors, demand variations, acquisition integration, and general economic conditions.