• Global capacity targets: Strategic joint ventures with JFE Steel and POSCO will add 16 million tonnes per annum by 2032, setting JSW Steel on course to reach nearly 80 million tonnes per annum in total capacity.
• Raw material integration: The company operates 13 of its 25 iron ore mines with 1.7 billion tonnes of resources, aiming to achieve 50% captive sourcing for both iron ore and coking coal.
• Overseas investment strategy: Current upgrade projects in the US and Italy are nearing completion, with no additional capital expenditures planned for the US or Europe to keep focus primarily on India.
• Leverage and discipline: Net debt-to-EBITDA stood at 1.8 at year-end, with management maintaining a leverage comfort threshold of 2.5 or below to support ongoing expansion plans.
• Near-term capacity additions: Ongoing projects at Vijayanagar and Dolvi will add a combined 7 million tonnes per annum of capacity, with Vijayanagar finishing within roughly a month and Dolvi concluding by September 2027.