JSW Steel reported a 19 per cent year-on-year increase in October crude steel production, reaching 25.73 lakh tonnes, while outlining aggressive long-term capacity expansion plans to reach 54.8MTPA over the next four years and capitalizing on robust domestic demand.

JSW Steel reported a 19 per cent year-on-year increase in October crude steel production, reaching 25.73 lakh tonnes, while outlining aggressive long-term capacity expansion plans to reach 54.8MTPA over the next four years and capitalizing on robust domestic demand.

JSW Steel reported a 19 per cent year-on-year increase in October crude steel production, reaching 25.73 lakh tonnes, while outlining aggressive long-term capacity expansion plans to reach 54.8MTPA over the next four years and capitalizing on robust domestic demand.

JSW Steel, the flagship business of the $55-billion JSW Group, saw its crude steel production jump 19 per cent YoY for October.

The steel giant reported its October 2026 consolidated production at 25.73 lakh tonnes, out of which 24.86 lakh tonnes were from India operations and the remaining 0.87 lakh tonnes from the JSW Steel USA – Ohio unit. 

JSW Steel now have a combined crude steel capacity of 37.9MTPA, including 4.5MTPA through the JSW JFE Steel JV. 

The company looks to expand its combined capacity to 54.8MTPA over the next four years. JSW Steel’s Vijayanagar plant in Karnataka is the largest single-location steel-producing facility in India, with a current capacity of 19.5MTPA. According to the company, it is currently being expanded to become the world’s largest steel plant with a capacity of around 25MTPA by FY2030.

JSW Steel recently posted its Q2 earnings, where the company posted a net profit of ₹5,359 crore on an operating revenue of ₹54,486 crore. Last quarter also saw the steel giant post its highest-ever consolidated crude steel production of 7.27MT, up 5 per cent YoY. 

JSW Steel is betting that India will be the key steel market over the coming decade. The company reasoned this to the gradual decline in China's steel production and consumption as a percentage of the world, unlike India, where it has increased. 

JSW Steel's ambitious outlook for FY2032 is a testament to it. The company is aiming for a consolidated 79.5MTPA for FY2032, with 62MTPA from India ops alone.

As of today, JSW Steel opened relatively flat but in the green territory. But year-to-date, it has posted more than 15 per cent returns. And in the past five years, the stock has doubled.

The Centre’s draft National Steel Policy: Vision 2047, announced earlier this month, is expected to lift the fortunes of Indian steelmakers further, with the document projecting finished steel demand of 505MT by 2047, requiring crude steel capacity of 604MT, per capita consumption of 302kg and steel exports of 45MT. 

TAGS