JSW Steel Ltd Share Price – NSE  / BSE

Steel, Mid Cap

The board of JSW Steel at its meeting held on 17 April 2026, has approved entering into a Share Subscription and Joint Venture Agreement, with POSCO Co., and POSCO India (together referred to as ?POSCO Group?) through which Saffron Resources (Saffron), a wholly owned subsidiary of the Company would become a 50:50 Joint Venture between the Company and POSCO Group.

The proposed joint venture would set up a greenfield 6 MTPA integrated steel plant at Odisha. Saffron possesses 887 acres of land in Odisha (~595 acres freehold land; ~292 acres leasehold land), which may be used to set up the proposed plant.

The company?s Indian operations produced 29.25 MT, up from 26.98 MT, while its US Ohio unit contributed 0.83 MT. For Q4FY26, consolidated crude steel production stood at 7.43 MT, down 1% from the previous quarter and 3% lower than Q4FY25.

Production from Indian operations increased 1% quarter-on-quarter to 7.34 MT but declined 1% year-on-year. Capacity utilization for Indian operations, including the ongoing Vijayanagar blast furnace-3 (BF-3) upgrade, was approximately 87% for the quarter and around 96% excluding BF-3 capacity.

JSW Steel?s Salem unit underwent an upgrade with a new ladle furnace and vacuum degasser commissioned in February 2026, raising capacity from one MTPA to 1.15 MTPA. The Vijayanagar BF-3 shutdown, effective since September 2025, impacted production and utilization during FY26.

The company also incorporated production from JSW Sambalpur Steel, formed via a slump sale of Bhushan Power and Steel Ltd's steel business undertaking on March 27, 2026, as part of a joint venture with JFE Steel, Japan.

JSW Steel is the flagship business of the diversified, US$23 billion JSW Group. As one of India?s leading business houses, JSW Group also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defense, sports, and venture capital.

The company?s consolidated net profit zoomed 198.32% to Rs 2,139 crore in Q3 FY26, compared with Rs 717 crore in the corresponding period last year. Revenue from operations rose 11.14% year-on-year to Rs 45,991 crore in the quarter ended 31 December 2025.

Shares of JSW Steel rose 0.49% to Rs 1,215.70 on the BSE.

JSW Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 1207.5, up 1.11% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 23807.15. The Sensex is at 76773.35, down 1.02%. JSW Steel Ltd has dropped around 0.56% in last one month.

Meanwhile, Nifty Metal index of which JSW Steel Ltd is a constituent, has dropped around 2.82% in last one month and is currently quoting at 12078.95, up 1.03% on the day. The volume in the stock stood at 15.67 lakh shares today, compared to the daily average of 21.84 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 1216.5, up 1.64% on the day. JSW Steel Ltd is up 21.94% in last one year as compared to a 4.29% spurt in NIFTY and a 49.4% spurt in the Nifty Metal index.

The PE of the stock is 40.52 based on TTM earnings ending December 25.

JSW Steel announced that JFE Steel Corporation (JFE) has invested Rs. 7,875 crore, being the first tranche of JFE's investment in JSW Kalinga Steel (JSW Kalinga) and 2,26,94,524 equity shares of JSW Kalinga have been allotted to JFE today (i.e. 30 March 2026), resulting in JFE holding 25% shareholding on a fully diluted basis in JSW Kalinga.

Consequent to the aforesaid allotment and changes to board composition of JSW Kalinga in terms of the Joint Venture Agreement dated 03 December 2025 (JVA), the Company and JFE have today established joint control over JSW Kalinga and its wholly owned subsidiary - JSW Sambalpur Steel.

The acquisition of further 25% stake (on a fully diluted basis) in JSW Kalinga by JFE for Rs. 7,875 crore, would be completed in accordance with the JVA.

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