JSW Steel’s Next Growth Phase: Higher Volumes, Lower Logistics Costs And New Capex | Jayant Acharya
ET Now · 26 Oct 2026 · 11 min
Management interview of JSW Steel Ltd (JSWSTEEL), with 8 key numbers discussed.
- Jayant Acharya, Joint MD & CEO, JSW Steel
JSW Steel reported strong volume growth driven by a pickup in construction demand and normalising market conditions. Management expects H2 volumes to rise 8-9% over H1, aided by ramp-ups at Vijayanagar and BPSL. While coking coal costs are projected to increase by $25 in Q3, past price hikes should offset this impact. The company has approved Rs 300bn in capex for expansion projects to reach 62 MT capacity by FY32. Additionally, captive coking coal initiatives and the Odisha slurry pipeline will deliver substantial raw material security and cost savings.