Jindal Steel has achieved record-breaking operational milestones for the financial year ending March 31, 2026. With a 14% year-on-year increase in production to 9.25 MT and a 9% rise in sales to 8.68 MT, the company successfully reached a 15.6 MTPA crude steel capacity. The Board has recommended a final dividend of 200% (₹2 per share) for the year, pending shareholder approval at the upcoming annual meeting.
Record-Breaking Operational Performance
During the fiscal year 2025-26, Jindal Steel reached significant growth milestones. Consolidated gross revenue for the year stood at ₹62,412 crore, an 8% increase over the previous year. For the fourth quarter (January-March 2026), the company reported a robust revenue of ₹19,399 crore, representing a 28% growth compared to the preceding quarter. The company’s focus on high-value steel products remained strong, with 61% of its fourth-quarter sales attributed to value-added steel.
Strategic Expansion and Project Updates
A key highlight of the year was the successful commissioning of major infrastructure facilities, including the 4.6 MTPA ‘Bhagavati Subhadrika’ blast furnace, and two 3.0 MTPA basic oxygen furnaces (BOF2 and BOF3). These additions effectively pushed the company’s crude steel capacity to 15.6 MTPA. Furthermore, the company successfully operationalized two 525 MW power modules and a 1.2 MTPA cold rolling mill (CRM) complex, marking a pivotal inflection point in its expansion strategy.
Financial Health and Dividend
The company maintains a disciplined approach to its capital structure, with a consolidated net debt of ₹16,019 crore as of March 31, 2026. The debt-to-EBITDA ratio improved to 1.66x, down from 1.72x at the end of the previous quarter. Reflecting this stable financial performance, the Board of Directors has recommended a final dividend of ₹2 per equity share, subject to final approval by shareholders at the ensuing Annual General Meeting.
Source: BSE
