JSW Steel announced that its next phase of growth will elevate combined capacity to 54.8 MTPA over the next four years. Shares rose as much as 1.4 % to touch an intraday high of ₹1,192 on Friday, October 9, a day after the firm disclosed that consolidated crude steel production grew 5 % year‑on‑year to 7.27 million tonnes for the quarter ended September 30, 2026 (Q2 FY27). Sequentially, production increased 10 %. The company’s Indian operations produced 7.07 million tonnes, up 5 % YoY and 11 % QoQ, while H1 FY27 consolidated production jumped 4 % to 13.86 MT from 13.32 MT a year‑ago.

Capacity utilisation of Indian operations for Q2 FY27 stood at 88 %, with utilisation rising to approximately 90 % for September 2026 as BF3 of Vijayanagar ramps up after a shutdown for capacity upgrade. Over the last three decades, JSW Steel has expanded from a single unit to the country’s leading integrated steel company, boasting a combined crude steel capacity of 37.9 MTPA, including 4.5 MTPA through the JSW JFE Steel joint venture. The Vijayanagar plant, currently 19.5 MTPA, is being expanded to about 25 MTPA by FY30, potentially becoming the world’s largest steel plant.

JSW Steel, the flagship business of the diversified $25 billion JSW Group, aims to reduce CO₂ emissions by 42 % from its steel‑making operations by 2030 and has committed to achieving net neutrality in carbon emissions for all operations under its direct control by 2050. In Q1 FY27, the company’s net profit more than doubled to ₹4,651 crore from ₹2,184 crore in the same period last year, while total revenue from operations advanced 10 % to ₹47,364 crore from ₹43,147 crore a year‑ago. EBITDA rose 24 % to ₹9,383 crore, improving the margin by 230 basis points to 19.81 %. The previous year’s EBITDA was ₹7,576 crore, and the company declared a second interim dividend of ₹12 per share.

At 10:09 AM, JSW Steel shares were trading at ₹1,180 on the National Stock Exchange, up 0.41 %. From the beginning of the year, the stock has gained nearly 1 %. Over a month’s time, the share price has slipped 9 %, and it has fallen 1.2 % in the past six months. Shares touched a one‑year high of ₹1,351 on August 27, 2026, while the 52‑week low of ₹1,073.20 was hit on December 18, 2025. The company’s market capitalisation stood at ₹2.87 lakh crore as of October 8, 2026.

JSW Steel’s regulatory filing highlighted that the capacity utilisation of its Indian operations for Q2 FY27 was 88 %, with utilisation expected to reach about 90 % for September 2026 as BF3 of Vijayanagar ramps up after a shutdown for capacity upgrade. The company’s expansion plans to increase combined capacity to 54.8 MTPA over four years underscore its commitment to scaling production while pursuing aggressive carbon‑reduction targets, positioning it as a key player in India’s steel industry and a potential leader in global steel manufacturing.