JSW Steel Limited reported consolidated crude steel production of 6.59 million tonnes for Q1 FY27, a 3% year-on-year increase and 2% quarter-on-quarter growth. Indian operations produced 6.35 million tonnes, up 0.3% sequentially and 3% annually, while the USA Ohio facility produced 0.24 million tonnes, up from 0.15 million tonnes in the previous quarter.
The year-on-year growth was constrained by the shutdown of Blast Furnace 3 at Vijayanagar for capacity upgradation, which resumed hot-metal production on June 23, 2026. Excluding the BF3 impact, volumes grew approximately 15% year-on-year driven by full ramp-up of JVML operations and improved utilisation at the Dolvi unit. Capacity utilisation for Indian operations, excluding BF3 capacity under shutdown, stood at approximately 94% during the quarter.
Production figures for previous periods have been adjusted following the March 2026 transfer of Bhushan Power and Steel Limited's steel business undertaking to JSW-JFE Steel Limited on a slump-sale basis. JSW Steel is the flagship business of the diversified US$25 billion JSW Group, which has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.
The company operates with a combined crude steel capacity of 37.9 MTPA including 4.5 MTPA through the JSW JFE Steel joint venture, with plans to expand to 54.8 MTPA over the next four years. Its Vijayanagar plant in Karnataka is the largest single-location steel-producing facility in India with current capacity of 19.5 MTPA, being expanded to approximately 25 MTPA by FY30.
JSW Steel has a collaboration with JFE Steel of Japan for high-value special steel products used across construction, infrastructure, automobile, electrical applications, and appliances. The company has been recognised as WorldSteel's Steel Sustainability Champion for eight consecutive years from 2019 to 2026, and won the Deming Prize for TQM for its Vijayanagar facility in 2018 and Salem facility in 2019.
It is a constituent of the FTSE4Good Index and the Dow Jones World and Emerging Markets Sustainability Indices (DJSI 2025), and ranked number one globally in the steel sector in the S&P Global Corporate Sustainability Assessment 2025. Four operations are Responsible Steel Certified with more than 80% of domestic crude steel production covered. The SEED project won Energy Transition Changemakers recognition at COP28, and the company is ranked sixth among the top 34 steelmakers by World Steel Dynamics as of December 2025.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.