26-Oct-2026 09:36:56
JINDAL STEEL Q2 CONCALL : TARGETS 11 MT STEEL PRODUCTION IN FY27, EXPECTS ₹700/TONNE SLURRY PIPELINE SAVINGS & AIMS FOR 65% FLAT STEEL MIX
• MANAGEMENT TARGETS APPROXIMATELY 11 MILLION TONNES OF STEEL PRODUCTION IN FY27, WITH H2 OUTPUT EXPECTED AROUND 6 MT • Q3 FY27 STEEL PRODUCTION EXPECTED TO HIT A NEW QUARTERLY RECORD, WITH Q4 OUTPUT EXPECTED TO EXCEED Q3 • MONTHLY STEEL PRODUCTION TARGETED AROUND 9.6 LAKH TONNES, SUPPORTED BY RAMP-UP OF RECENTLY COMMISSIONED FACILITIES • ANGUL BLAST FURNACE OUTPUT TARGETED AT 12,000 TONNES PER DAY BY DECEMBER 2026 VS APPROXIMATELY 10,000 TONNES CURRENTLY • MANAGEMENT TARGETS FLAT STEEL CONTRIBUTION OF 65% VS CURRENT 60%, WITH LONG STEEL SHARE EXPECTED TO DECLINE TO 35% • PLATE PRODUCTION EXCEEDS 2.2 LAKH TONNES MONTHLY, SUPPORTED BY DEMAND FROM DEFENCE, SHIPBUILDING & WIND ENERGY • STEEL REALIZATIONS EXPECTED TO IMPROVE IN Q3, FOLLOWING HIGHER HOT-ROLLED COIL PRICES TOWARD THE END OF Q2 • 192-KM BARBIL–ANGUL IRON ORE SLURRY PIPELINE COMMISSIONED, WITH COMMERCIAL OPERATIONS EXPECTED TO BEGIN SHORTLY • MANAGEMENT EXPECTS SLURRY PIPELINE FREIGHT SAVINGS OF ₹700 PER TONNE OF IRON ORE TRANSPORTED, WITH PLANNED THROUGHPUT OF 20,000 TONNES DAILY • CAPTIVE COAL CONTRIBUTION TARGETED AT 65–70% OF REQUIREMENTS VS CURRENT 50–55%, SUPPORTING RAW-MATERIAL COST REDUCTION • KASIA IRON ORE MINE PRODUCTION TARGETED AT 30,000 TONNES DAILY VS CURRENT 20,000–22,000 TONNES • ROIDA IRON ORE MINE OPERATIONS EXPECTED TO RESUME AROUND JANUARY 2027, SUBJECT TO REGULATORY APPROVALS • NEW 2 MT DRI PLANT, PELLET PLANT & THREE ADDITIONAL COAL GASIFIERS TARGETED FOR COMMISSIONING IN JUNE 2027 • ANNUAL GROWTH CAPEX FRAMEWORK MAINTAINED AT ₹7,500–10,000 CR, WITH MANAGEMENT AIMING TO KEEP NET DEBT/EBITDA BELOW 1.5X THROUGH THE CYCLE • Q3 COKING COAL COSTS EXPECTED TO INCREASE BY $20–25/TONNE, WHILE HIGHER FREIGHT COSTS, STEEL PRICE VOLATILITY & PROJECT EXECUTION REMAIN KEY RISKS
JINDAL STEEL LIMITED