Jindal Steel Limited demonstrated resilience in FY26, achieving a gross revenue of Rs. 62,412 crore and meeting production guidance with 9.25 MT of steel output. The company successfully expanded its Angul facility from 6.0 MTPA to 12.0 MTPA and strengthened its raw material security through integrated mining operations. Despite a volatile global demand environment, the company maintained a healthy adjusted EBITDA of Rs. 9,099 crore, underscoring its operational efficiency and focused capital allocation.
FY26 Financial and Operational Highlights
Jindal Steel reported a robust fiscal year 2026, delivering 9.25 MT in production and 8.68 MT in sales. The company’s profitability remained stable, with an adjusted EBITDA of Rs. 9,099 crore and an adjusted EBITDA per tonne of Rs. 10,482. The company concluded the year with a Profit After Tax (PAT) of Rs. 3,361 crore, reflecting effective management against a backdrop of global trade uncertainties. As a result of this performance, the Board has recommended a final dividend of Rs. 2 per share.
Expansion and Infrastructure Milestones
A key achievement during the fiscal year was the successful completion of the Angul facility expansion, scaling capacity from 6.0 MTPA to 12.0 MTPA. The company also reached significant milestones in infrastructure, including the commissioning of the Coal Pipe Conveyor and the CRM Complex. These projects, alongside the ongoing integration of iron ore and coal mines, have contributed to a lower cost base and enhanced operational efficiency. Looking ahead to FY27, the company targets steel production volumes between 11.0 and 11.5 MT.
Strategic Outlook and Capital Allocation
Jindal Steel remains committed to disciplined capital allocation. In FY26, the company invested Rs. 9,574 crore in capex, focusing on high-growth assets and green technology. The company maintains a strong liquidity position with a cash balance of Rs. 6,249 crore. With a continued focus on deleveraging, the company aims to maintain its Net Debt/EBITDA ratio below 1.5x. Furthermore, the company is actively pursuing its decarbonization roadmap, aiming for net-zero carbon emissions by 2047 through advancements in syngas utilization and energy efficiency.
Digital Transformation
The company is driving growth through a comprehensive AI-driven transformation. By integrating advanced analytics across its people, processes, and plants, Jindal Steel is shifting toward autonomous operations. Initiatives such as JARVIS (AI for real-time visibility) and autonomous plants in Raigarh and Angul are designed to optimize production planning, safety, and supply chain reliability, ensuring the company remains at the forefront of the steel industry’s technological evolution.
Source: BSE
