JSW Steel Limited has informed the Exchange regarding a press release dated April 09, 2026, titled "JSW Steel reports Combined Crude Steel Production of30.14 million Tonnes for FY26, 8% growth YoY".
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JSW Steel reported combined crude steel production of 30.14 million tonnes for FY26, marking 8% year-over-year growth from 27.79 million tonnes in FY25. Indian operations contributed 29.25 million tonnes (up 8%), while the US Ohio unit produced 0.83 million tonnes. A new entity, JSW Sambalpur Steel Ltd (formed via JV with JFE Steel Japan), contributed 0.06 million tonnes from March 27, 2026. The Salem unit's capacity was upgraded to 1.15 MTPA from 1.0 MTPA, effective March 2026. Capacity utilization for Indian operations stood at approximately 92% excluding BF-3 (which was under shutdown for upgradation) and 87% including BF-3. Q4 FY26 production was 7.49 million tonnes.
The 8% production growth demonstrates solid operational performance and sets a positive tone for revenue visibility. However, the temporary BF-3 shutdown impacted full capacity utilization. The Salem capacity upgrade and new JFE Steel JV position the company for continued growth toward its 43.4 MTPA target. Overall, this is a constructive development for shareholders indicating volume growth momentum.