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JSW Steel guided FY26 capex of Rs 22,000-24,000 crore and announced expansion of its JFE Steel joint venture (JSL) to 10 million tons capacity

By ScoutQuest · Mon 26 Oct 2026, 9:40 AM IST · 1 min read

FY26 capex guidance

22,000 to 24,000 crore rupees

Total capex pipeline

1.3 lakh crore rupees

US operations EBITDA

19 million dollars

Capacity goal by FY32

62 million ton

JV existing capacity

4.5 million ton

Heard on business television between 09:40:05 - 09:43:05 IST.

• Company guided full-year capex between 22,000 and 24,000 crore rupees, out of a total pipeline of almost 1.3 lakh crore rupees.
• Quarter two capex was the highest so far, with run rate in line with guidance; additional capex added for JSW Utkal phase two in Paradeep, Odisha.
• Company targets 62 million ton capacity goal by FY32.
• Overseas operations: US operations EBITDA was about 19 million dollars, up year-on-year; Ohio operations turning EBITDA positive.
• JV with Japan's JFE Steel Corporation (finalized March 2026) to expand JSL capacity by 5 million tons, from 4.5 million tons to close to 10 million tons, after board approval; project expected to be completed in about 42 months, bringing JFE technology and products plus JSW's execution strength.

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