JSW Steel Reports 8% Annual Growth: Crude Steel Production Hits 30.14 MT in FY26

JSW Steel Limited (NSE: JSWSTEEL; BSE: 500228) has released its production performance report for the financial year ended March 31, 2026. The company achieved a significant milestone, crossing the 30-million-tonne mark in combined crude steel production despite temporary capacity shutdowns for infrastructure upgrades.

Annual Production Highlights (FY26)

The company demonstrated resilient growth across its consolidated operations:

Combined Crude Steel Production: 30.14 million tonnes (MT), registering an 8% Year-on-Year (YoY) growth compared to 27.79 MT in FY25.

Indian Operations: Produced 29.25 MT, an 8% increase over the previous year.

JSW Steel USA (Ohio): Contributed 0.83 MT to the consolidated total.

JSW Sambalpur Steel Ltd (JSSL): Recorded 0.06 MT following the transfer of Bhushan Power and Steel Limited's (BPSL) steel undertaking on March 27, 2026.

Operational Updates & Capacity Upgrades

JSW Steel focused on strategic brownfield expansions and efficiency upgrades during the year:

Vijayanagar BF-3 Shutdown: The Blast Furnace-3 at Vijayanagar has been offline since September 2025 for a capacity upgrade. This impacted overall capacity utilization, which stood at ~87% (including BF-3) but would have been ~92% excluding it.

Salem Unit Expansion: Following the upgrade of casters and the commissioning of a new Ladle Furnace, the Salem unit's capacity increased from 1.0 MTPA to 1.15 MTPA effective March 2026.

Consolidated Capacity: Current capacity stands at 35.9 MTPA, with a roadmap to reach 43.4 MTPA within the next three years.

Quarterly Performance (Q4 FY26)

For the final quarter of the fiscal year, combined production stood at 7.49 MT. Capacity utilization for Indian operations during this period was robust at ~96% (excluding the offline BF-3 capacity).

Shares of JSW Steel Limited was last trading in BSE at Rs. 1209.75 as compared to the previous close of Rs. 1194.05. The total number of shares traded during the day was 175241 in over 12808 trades.

The stock hit an intraday high of Rs. 1217.80 and intraday low of 1184.90. The net turnover during the day was Rs. 211186671.00.

Source : Equity Bulls

Keywords

JSWSteel INE019A01038 March2026 PerformanceUpdate