JSW Steel reported a sharp jump in Q4 earnings, with profit before tax more than doubling for the quarter ended March 31. The company attributed the surge to recovering steel prices and steady demand, despite higher costs linked to the Iran war. Consolidated profit before exceptional items and tax stood at Rs 44.89 billion, underscoring resilience as the market firms up.
Larsen & Toubro’s Minerals & Metals division has won its biggest domestic metals order from JSW Steel, valued between Rs 10,000 crore and Rs 15,000 crore. The deal covers engineering, procurement and installation of key process facilities to help JSW expand capacity to over 50 MTPA by 2031, largely across Karnataka and Odisha sites.
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JSW Steel, led by Sajjan Jindal, is taking a different route to decarbonisation. While competitors chase a specific net-zero target date, JSW is not setting a net-zero year. Instead, it has a 2030 decarbonisation roadmap anchored in renewables, circularity, and process efficiency, paired with sustainability-linked remuneration from board to managers.
JSW Steel and South Korea’s POSCO Group have formed a joint venture to build a new steel plant in Odisha with capacity of 6 million tonnes per annum. The partnership underlines deepening strategic ties between the two steel majors, and supports JSW Steel’s expansion plans as India and South Korea move to strengthen industrial cooperation during the South Korean President’s visit.
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