JSW Steel Ltd Share Price – NSE /  BSE

Steel, Mid Cap

Its Indian operations produced 23.61 lakh tonnes of steel in November 2025, marking a 5% year-on-year increase.

Steel production at JSW Steel USA?Ohio grew 11.42% YoY to 0.78 lakh tonnes during the period under review.

The company stated that capacity utilisation of Indian operations stood at 84%, lower due to the shutdown of Blast Furnace 3 (BF3) at Vijayanagar from the end of September 2025 for capacity upgradation from 3 MTPA to 4.5 MTPA. Capacity utilisation excluding BF3 was approximately 93% for November 2025.

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, defence, sports, and venture capital.

JSW Steel reported a massive 269.7% surge in consolidated net profit to Rs 1,623 crore in Q2 FY26, compared to Rs 439 crore in the corresponding period last year. Revenue from operations rose 13.77% year-on-year to Rs 45,152 crore in the quarter ended 30 September 2025.

The counter shed 0.95% to Rs 1,108.70 on the BSE.

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JSW Steel reported consolidated Crude Steel production for the month of November'25 at 24.39 Lakh tonnes. The total Crude Steel production was higher by 5% YoY.

Capacity utilisation of Indian operations was at 84%, lower due to Blast Furnace 3 (BF3) shutdown at Vijayanagar from end of September 2025 for upgradation of capacity from 3 to 4.5 MTPA. Capacity utilisation excluding BF3 capacity was at ~93% for November 2025.

The break-up of production is as below: (Lakh Tonnes)

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JSW Steel has entered into a strategic joint venture partnership with JFE Steel Corporation, Japan (JFE). As part of the transaction, the Steel business undertaking of Bhushan Power and Steel (BPSL), a subsidiary of JSW, will be transferred to a 50:50 joint venture with JFE, by way of a slump sale for a cash consideration of Rs 24,483 crore. JFE will invest a total amount of Rs 15,750 crore in two tranches, for a 50% stake in the joint venture.

JSW is a growth?]oriented company with a target of achieving a steel?]making capacity of 50mtpa in India by FY 2031 and is excited about the opportunities that lie beyond. The Company believes that India presents a multi?]decadal opportunity for growth, and wants to ensure that it is well positioned to capitalise on this opportunity. The present transaction is aimed at securing the Company?fs growth in a financially prudent manner to enable it to pursue its aspirations across business cycles.

JSW acquired BPSL in 2021 through an IBC process and then turned it around successfully. What was a 2.75 mtpa sick unit now stands proud as a profitable company with an enhanced capacity of 4.5 mtpa, employing 25,000 people. Through this transaction, the Company will monetise part of its holding in BPSL, in order to accelerate the growth of JSW. While doing so, the Company will bring in JFE, a trusted, long?]term strategic partner that will bring in technological expertise, and along with JSW Steel?fs capability of project execution and operational excellence, will create further value for the joint venture. JSW shall continue to remain invested in, and will participate in the future value creation in the joint venture.

The Company firmly believes that the cash proceeds it receives from the transaction will strengthen its balance sheet even further and provide a clear runway for growth that will create significant value for its stakeholders.

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JSW Steel announced that India Ratings and Research has affirmed the Long-Term Issuer Rating and its non convertible debentures (NCD) at ?IND AA' while resolving the Rating Watch with Developing Implications. The Outlook is Stable.

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