Jindal Steel Limited reported a transformative FY26, marked by significant capacity expansion from 9.6 million tonnes to 15.6 million tonnes per annum. The company achieved INR 62,412 crores in consolidated gross revenue, an 8% increase over the previous year. With the ramp-up of the Angul facility and strategic investments in raw material security, Jindal Steel remains focused on leveraging infrastructure-led demand and optimizing its value-added product portfolio in the upcoming fiscal years.
Financial Performance Overview
Jindal Steel delivered a strong financial performance for FY26, reporting a consolidated gross revenue of INR 62,412 crores. The company’s profit after tax for the year reached INR 3,361 crores, reflecting an 18% growth year-on-year, with earnings per share of INR 33. For Q4FY26 specifically, consolidated gross revenue stood at INR 19,399 crores, a 28% increase compared to Q3FY26, supported by robust production volumes and a INR 4,743 per tonne sequential increase in blended Average Selling Price (ASP).
Strategic Capacity and Operational Milestones
The company successfully completed a major expansion phase at its Angul site, increasing total steelmaking capacity by 6 million tonnes. The successful ramp-up of the 1,050 MW Shree Bhoomi Power Plant and the advancement of the slurry pipeline project are expected to drive operational efficiencies and margin improvements. Production for FY26 reached 9.25 million tonnes, a 14% increase, while sales volume grew by 9% to 8.68 million tonnes.
Infrastructure and Future Outlook
Jindal Steel remains firmly positioned to benefit from India’s infrastructure-led growth. Management projects a FY27 production target of 11 million to 11.5 million tonnes. The company continues its focus on backward integration, having secured preferred bidder status for the Thakurani-A1 iron ore block and the Saradhapur Jalatap East coal block. Moving forward, the company intends to prioritize asset utilization and strengthening its value-added product mix, which is targeted to reach 70% of sales in the long term.
ESG and Digital Transformation
In addition to physical capacity growth, the company is accelerating its AI and digital transformation through its JARVIS platform, which integrates production and business data. Jindal Steel also reported significant progress on its ESG journey, with S&P Global raising its ESG score from 37/100 to 74/100, reflecting the company’s commitment to sustainable operations and a long-term goal of net-zero emissions by 2047.
Source: BSE
