Established in: 1982
Managing Director: Sajjan Jindal
JSW Steel Limited is a multinational steel producer headquartered in Mumbai, Maharashtra. The company is a flagship of the JSW Group and is a result of a merger of Bhusan Power & Steel, Ispat Steel and Jindal Vijayanar Steel Limited. The company was incorporated in 1982 and has become one of India’s major private sector steel companies.
The company launched their IPO in the 1990s and listed on India stock exchanges, BSE and NSE. JSW Steel Limited is a constituent of the Nifty 50 index.
- History of JSW Steel Limited
JSW Steel was established in 192 when the Jindal Group acquired Piramal Steel Limited, which was a mini steel mill in Tarapur, Maharashtra. The Piramal Steel Limited was renamed as Jindal Iron and Steel Company (JISCO). JISCO, now known as JSW Steel Limited, set up its first steel plant in Vasind, Maharashtra.
In the following years, Jindal Vijaynagr Steel Limited (JVSL) set up its plant in Toranagallu, Karnataka, which offered good connectivity to Mormugao Port and Mangalore Port. The plant is considered the sixth-largest steel plant in the world. In 2005, JISCO and JVSL merged to form JSW Steel Limited.
- Business Segments of JSW Steel Limited
The following are the business segments of JSW Steel Limited.
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Operations
The steel producing segments of the company are the core revenue driver and involve manufacturing, sale and distribution of a variety of iron and steel products. The company uses the captive power generation and distribution facilities to power its steel manufacturing plants that require high power.
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Steel Product
The company produces Hot Rolled (HR) coils, sheets and plates, Cold Rolled (CR) coils, tinplates and galvanised steel. These are used in automotive, construction and consumer appliances. JSW Steel Limited also manufactures Thermo-Mechanically Treated (TMT) bars, wire rods, special steel bars, rails and grinding balls used in infrastructure and construction sectors.
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Customer End-Use Segments
The steel products are distributed to various national and international industrial sectors such as automotive, infrastructure, construction, renewable energy, consumer appliances and engineering.
Subsidiaries of JSW Steel Limited
The following are the Indian and International subsidiaries of JSW Steel Limited.
- JSW Steel Coated Products Limited
- Bhushan Power & Steel Limited (BPSL)
- JSW Vijayanagar Metallics Limited
- Amba River Coke Limited
- Neotrex Steel Private Limited
- Piombino Steel Limited
- Other key domestic entities
- JSW Steel USA
- JSW Steel Italy
- JSW Steel Global Trade Pte. Limited
Future Plans of JSW Steel Limited
The following are the future plans of JSW Steel Limited.
- Expansion
The company’s Phase III expansion aims to add 5 MTPA, increasing the Dolvi plant's total capacity to 15 MTPA. Separately, JSW Steel Limited is investing around ₹32,000 crore to scale up capacity at the newly formed JSW JFE Steel Limited in Odisha.
JSW Utkal Steel Ltd is constructing a new 5 MTPA greenfield plant with commission targeted by FY2030.
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Strategic Partnerships
JSW Steel Limited and POSCO entered into a strategic joint venture to establish a 6 MPTA integrated steel plant in India. The company is also actively securing the upstream supply chain and has acquired coking coal mines in Mozambique.
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ESG Goals
The company has invested around ₹20 billion towards producing high-tensile steel, packaging steel and electrical steel used in EV and energy transition sectors. JSW Steel Limited is also investing significantly in green steel initiatives and targeting carbon neutrality for direct emissions by 2050.
JSW Steel Financial Highlights
- Revenue: JSW Steel reported revenue of ₹1,86,718.00 crore in FY26 vs ₹1,69,518.00 crore in FY25. It showed an increase of 10.15% on a yearly basis.
- Operating Profit: JSW Steel reported an operating profit of ₹29,250.00 crore in FY26 vs ₹5,077.00 crore in FY25. It showed an increase of 476.13% on a year-on-year basis.
- Net Profit: JSW Steel reported a net profit of ₹25,508.00 crore in FY26 vs ₹3,491.00 crore in FY25. It showed an increase of 630.68% on a yearly basis.
JSW Steel Quarterly Result Highlights
- JSW Steel reported revenue of ₹51,521.00 crore in Mar 2026, compared with ₹46,264.00 crore in Dec 2025, representing an increase of 11.36% on a quarter-on-quarter (QoQ) basis.
- JSW Steel reported an operating profit of ₹22,377.00 crore in Mar 2026, compared with ₹1,457.00 crore in Dec 2025, representing an increase of 1,435.83% on a quarter-on-quarter (QoQ) basis.
- JSW Steel reported a profit of ₹19,243.00 crore in Mar 2026, compared with ₹2,410.00 crore in Dec 2025, reflecting an increase of 698.46% on a QoQ basis.
- The earnings per share (EPS) of JSW Steel stood at ₹91.43 during Mar 2026.
