JSW Steel reported a 5% increase in crude steel production at its Indian operations during the second quarter of the financial year 2027 (Q2 FY27). The company’s consolidated production for the first half of FY27 rose 4% compared to the previous year, signaling steady growth in its steel manufacturing capabilities.
- Crude steel production at Indian operations increased 5% year-on-year (YoY) and 11% quarter-on-quarter (QoQ) to 7.07 million tonnes in Q2 FY27.
- Consolidated production for H1 FY27 reached 13.86 million tonnes, up from 13.32 million tonnes in H1 FY26.
- Capacity utilization at Indian operations was 88% in Q2 FY27 and approximately 90% in September 2026.
- JSW Steel plans to expand combined crude steel capacity to 54.8 million tonnes per annum (MTPA) over the next four years.
- The Vijayanagar plant, currently the largest single-location steel facility in India with 19.5 MTPA capacity, is being expanded to about 25 MTPA by FY30.
- The company aims to reduce CO₂ emissions by 42% by 2030 and achieve net carbon neutrality by 2050.
- Net profit more than doubled to ₹4,651 crore in Q1 FY27 compared to the same period last year.
- Total revenue from operations increased 10% to ₹47,364 crore in Q1 FY27.
- EBITDA rose 24% to ₹9,383 crore with an improved margin of 19.81%.
- JSW Steel shares closed at ₹1,175.2 on October 8, 2026, with a market capitalization of ₹2.87 lakh crore.
What were JSW Steel’s production figures in Q2 FY27?
JSW Steel’s Indian operations produced 7.07 million tonnes of crude steel in Q2 FY27, marking a 5% increase compared to the same quarter last year. This also represented an 11% rise from the previous quarter. Consolidated production across all operations reached 13.86 million tonnes in the first half of FY27, up 4% from 13.32 million tonnes in H1 FY26.
How efficiently is JSW Steel utilizing its production capacity?
The company reported capacity utilization of 88% for its Indian operations during Q2 FY27. In September 2026, utilization improved to approximately 90%, aided by the gradual ramp-up of the blast furnace 3 (BF3) at the Vijayanagar plant following an upgrade shutdown.
What are JSW Steel’s expansion plans?
JSW Steel plans to increase its combined crude steel capacity from the current 37.9 MTPA to 54.8 MTPA within the next four years. The Vijayanagar facility, which is the largest single-location steel plant in India with a current capacity of 19.5 MTPA, is being expanded to around 25 MTPA by FY30. This expansion will make it the world’s largest steel plant by capacity.
What are JSW Steel’s environmental goals?
The company aims to reduce carbon dioxide emissions from its steel-making operations by 42% by 2030. Furthermore, JSW Steel has committed to achieving net carbon neutrality for all operations under its direct control by 2050, aligning with global sustainability efforts.
How did JSW Steel perform financially in recent quarters?
JSW Steel’s net profit more than doubled to ₹4,651 crore in the April-June quarter of FY27 compared to ₹2,184 crore in the same period last year. Total revenue from operations increased by 10% to ₹47,364 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 24% to ₹9,383 crore, with the EBITDA margin improving by 230 basis points to 19.81%.
How have JSW Steel’s shares performed recently?
On October 8, 2026, JSW Steel shares closed at ₹1,175.2 on the National Stock Exchange, down 4.46% for the day. Since the start of the year, the stock has gained nearly 1%, though it has declined 9% over the past month and 1.2% over six months. The shares reached a one-year high of ₹1,351 on August 27, 2026, and a 52-week low of ₹1,073.20 on December 18, 2025. The company’s market capitalization stood at ₹2.87 lakh crore as of October 8, 2026.
