JSW Steel, under the leadership of Sajjan Jindal, has announced plans to nearly double its steelmaking capacity to 80 million tonnes per annum (mtpa) by 2031. This ambitious expansion strategy includes brownfield projects and joint ventures, aiming to position the company among the world's largest steel producers. Currently, JSW Steel operates with a capacity of 37.9 mtpa. The company has increased its standalone capacity target to 62 mtpa by FY32, up from 50 mtpa. Additionally, joint ventures with JFE and POSCO are expected to contribute a cumulative capacity of 16 million tonnes by FY32, bringing the total capacity in India to 78 million tonnes, including 1.5 million tonnes from its operations in Ohio.

In FY26, JSW Steel reported a consolidated net profit of ₹22,316 crore, a significant rise from ₹3,504 crore in the previous year, largely due to a one-time gain from the sale of its Bhushan Power and Steel assets. Revenue from operations rose by 10% year-on-year to ₹1,85,470 crore. The company anticipates continued growth in steel demand, projected at 7-9% for FY27, but acknowledges potential risks such as energy price volatility and macroeconomic uncertainties. Analysts remain cautious about the demand outlook, emphasizing dependence on sectors like infrastructure and public spending.