JSW Steel achieved a robust performance for the 2025-26 fiscal year, reporting a combined crude steel production of 30.14 million tonnes. This reflects an 8% year-on-year growth despite operational challenges, including the capacity upgrade at the Salem unit and the ongoing blast furnace shutdown at Vijayanagar. The company remains focused on its next growth phase, aiming to scale capacity significantly over the coming years.
Annual Production Performance
During the fiscal year ending March 31, 2026, JSW Steel successfully navigated industrial upgrades to deliver strong output results. The company recorded a combined crude steel production of 30.14 million tonnes, marking an 8% increase over the previous year. Indian operations accounted for 29.25 million tonnes of this total, with JSW Steel USA contributing 0.83 million tonnes.
Strategic Operational Updates
A key driver of capacity expansion was the enhancement of the Salem unit. Following the upgrade of a caster and the installation of a new Ladle Furnace and Vacuum Degasser, the unit’s capacity was increased from 1.0 MTPA to 1.15 MTPA, effective from March 2026. Additionally, the company is managing the ongoing capacity upgrade of Blast Furnace-3 (BF-3) at Vijayanagar, which has been under shutdown since September 2025.
Quarterly Highlights
In the final quarter (Q4, Jan-Mar 2026), JSW Steel produced 7.49 million tonnes of crude steel. Despite the impact of the BF-3 shutdown, capacity utilization for Indian operations remained resilient at approximately 96% when excluding the BF-3 capacity. The integration of JSW Sambalpur Steel Limited (JSSL)—formed following the transfer of the Bhushan Power and Steel Limited undertaking—contributed 0.06 million tonnes to the quarterly and annual volumes.
Sustainability and Future Outlook
Looking ahead, the company continues to prioritize its long-term growth roadmap, which includes scaling consolidated capacity to 43.4 MTPA within the next three years. JSW Steel maintains its commitment to decarbonization, targeting a 42% reduction in CO2 emissions by 2030 and achieving net-neutral carbon emissions by 2050 through advancements in renewable energy and green steel-making technologies.
Source: BSE
