26-Oct-2026 08:41:17
JSWSTEELExpansion
CLSA on JSW Steel ; O-P, TP Rs 1500
2Q Ebitda was slightly ahead of estimate, supported by higher volumes and better subsidiary profitability. 3Q profitability should improve, with higher steel prices, softer iron-ore costs and operating leverage expected to outweigh the coking-coal headwind. Longer term, greater visibility on path to 80mt with approvals for capacity expansion at JSW Utkal and JJSL reinforces its growth outlook.
JSW STEEL LIMITED