25-Oct-2026 18:58:41
JSW STEEL Q2 CONCALL : ODISHA SLURRY PIPELINE COMPLETION TARGETED BY MARCH 2027, VIJAYANAGAR CAPACITY TO REACH 25 MTPA & DOLVI CSP EXPANSION TO 7 MTPA
• ODISHA SLURRY PIPELINE PROJECT ON TRACK FOR COMPLETION BY MARCH 2027, EXPECTED TO IMPROVE IRON ORE LOGISTICS EFFICIENCY • NEW 8 MTPA PELLET PLANT APPROVED AT VIJAYANAGAR TO INCREASE UTILIZATION OF LOCALLY SOURCED IRON ORE FINES • VIJAYANAGAR CRUDE STEEL CAPACITY TO REACH 25 MTPA, SUPPORTED BY ADDITIONAL CONVERTER & CASTER • DOLVI CSP CAPACITY EXPANSION PLANNED TO 7 MTPA, SUPPORTING HIGHER HOT-ROLLED COIL & PLATE PRODUCTION • MANAGEMENT TARGETS LONG-TERM STEEL CAPACITY OF 78 MTPA BY FY32 • FY27 CAPEX PLANNED AT ₹22,000–24,000 CR, WITH LONG-TERM INVESTMENT PROGRAM OF APPROXIMATELY ₹1.48 LAKH CR • MANAGEMENT EXPECTS STRONGER Q3 PRODUCTION & IMPROVED STEEL REALIZATIONS • COKING COAL COSTS EXPECTED TO INCREASE BY APPROXIMATELY $25 PER TONNE, CREATING NEAR-TERM MARGIN PRESSURE • OCTOBER STEEL PRICE INCREASES & AUTOMOTIVE CONTRACT REPRICING COULD PARTIALLY OFFSET HIGHER RAW MATERIAL COSTS • MANAGEMENT EXPECTS LONG STEEL DEMAND TO IMPROVE IN H2, SUPPORTED BY INFRASTRUCTURE SPENDING & PRIVATE CAPEX • U.S. OPERATIONS REPORTED APPROXIMATELY $19 MN EBITDA, WHILE ITALIAN RAIL MILL GENERATED APPROXIMATELY $7 MN EBITDA • OHIO VACUUM TANK DEGASSER PROJECT EXPECTED TO SUPPORT HIGHER-GRADE STEEL PRODUCTION • KARNATAKA MINING PROJECT COMMISSIONING TARGETED FOR Q4 FY27, WHILE MOZAMBIQUE COAL PRODUCTION TARGETED FROM CY2028 • CAPTIVE RAW MATERIAL EXPANSION, HIGHER-VALUE STEEL PRODUCTS & LOGISTICS IMPROVEMENTS EXPECTED TO SUPPORT LONG-TERM COMPETITIVENESS • HIGHER COKING COAL COSTS, CHINESE STEEL IMPORT COMPETITION, PROJECT EXECUTION DELAYS & RISING DEBT REMAIN KEY RISKS
JSW STEEL LIMITED