JSW Steel Limited has disclosed its consolidated crude steel production figures for the second quarter of FY27 through a press release dated October 08, 2026, in compliance with SEBI Listing Regulations.

Production Performance - Q2 FY27

The company reported consolidated crude steel production of 7.27 million tonnes (MnT) for Q2 FY27, representing:

  • 10% quarter-on-quarter (QoQ) growth from Q1 FY27 production of 6.59 MnT
  • 5% year-on-year (YoY) growth from Q2 FY26 production of 6.95 MnT

Production Breakdown

Indian Operations: 7.07 MnT (11% QoQ growth from 6.35 MnT, 5% YoY growth from 6.71 MnT)

JSW Steel USA - Ohio: 0.20 MnT (compared to 0.24 MnT in both Q1 FY27 and Q2 FY26)

Capacity Utilization

  • Indian operations achieved 88% capacity utilization during Q2 FY27
  • Capacity utilization improved to approximately 90% in September 2026 as BF3 of Vijayanagar plant gradually ramps up after shutdown for capacity upgradation

Half-Yearly Performance (H1 FY27)

Consolidated production for H1 FY27 reached 13.86 MnT, showing 4% YoY growth from 13.32 MnT in H1 FY26:

  • Indian Operations: 13.41 MnT (4% YoY growth from 12.85 MnT)
  • JSW Steel USA - Ohio: 0.45 MnT (compared to 0.48 MnT in H1 FY26)

Important Note on Comparability

The steel business undertaking of Bhushan Power and Steel Limited (BPSL), a subsidiary of JSW Steel, was transferred on a slump-sale basis to JSW-JFE Steel Limited (a joint venture company) in March 2026. All comparative production figures for previous periods have been adjusted by reducing the production relating to this transferred undertaking to ensure like-for-like comparison.

Company Background Information

JSW Steel is the flagship business of the diversified JSW Group (US$ 25 billion). The company has grown to become India's leading integrated steel company with:

  • Combined crude steel capacity of 37.9 MTPA (including 4.5 MTPA through JSW JFE Steel JV)
  • Planned expansion to 54.8 MTPA capacity over the next four years
  • Vijayanagar plant (Karnataka) is India's largest single-location steel facility with current capacity of 19.5 MTPA, expanding to ~25 MTPA by FY30

The company maintains strategic collaboration with JFE Steel of Japan for technology access and produces high-value special steel products for construction, infrastructure, automobile, electrical applications, and appliances.

Sustainability and Recognition Highlights

  • WorldSteel's Steel Sustainability Champion (8 consecutive years from 2019 to 2026)
  • Deming Prize for TQM (Vijayanagar 2018, Salem 2019)
  • Constituent of FTSE4Good Index and Dow Jones Sustainability Indices (DJSI 2025)
  • Ranked #1 globally in steel sector in S&P Global Corporate Sustainability Assessment (CSA 2025)
  • 4 operations are Responsible Steel Certified (>80% domestic production covered)
  • Energy Transition Changemakers recognition at COP28 for SEED project
  • Ranked 6th among top 34 world-class steelmakers by World Steel Dynamics (December 2025)

Environmental Commitments

  • CO₂ emission reduction goals aligned with India's Paris Accord commitments
  • Target: 42% reduction in CO₂ emissions from steel-making operations by 2030
  • Commitment: Net neutral carbon emission for all directly controlled operations by 2050
  • Sustainability targets include no net-loss in biodiversity by 2030, improved air quality, reduced water consumption, and Zero Liquid Discharge

Workplace Recognition

  • Certified by Great Places to Work (2021, 2022, 2023)
  • Ranked among Best Employers among Nation Builders (2023, 2024)
  • Recognized as one of India's best workplaces in Health & Wellness (2023)

Forward-Looking Statements

The document contains cautionary statements regarding forward-looking information, noting various risks and uncertainties that could cause actual results to differ materially from expectations, including fluctuations in earnings, growth management challenges, intense competition, cost factors, wage increases, skilled professional retention, contract overruns, client concentration, immigration restrictions, operational management, reduced steel demand, acquisition integration, contractual liabilities, strategic investment outcomes, withdrawal of government incentives, political instability, capital raising restrictions, intellectual property protection, and general economic conditions.