JSW Steel
JSW Steel is India's leading integrated steel manufacturer with 37.9 MTPA capacity, producing flat and long steel products for automotive, construction, infrastructure, consumer durables, and energy customers across India, the USA, and Italy.
- Company typePublic
- Founded1994
- HeadquartersMumbai, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What JSW Steel does
JSW Steel Limited is India's leading integrated steel manufacturer and the flagship listed entity of the US$12 billion JSW Group. Incorporated in 1994, the company operates a 37.9 MTPA consolidated crude steel capacity across integrated plants at Vijayanagar (Karnataka, 12 MTPA — India's largest single-location steel plant), Dolvi (Maharashtra, 10 MTPA), and Salem (Tamil Nadu, 1 MTPA — special alloy steel, Deming Prize winner), supplemented by downstream coating facilities at Vasind, Tarapur, and Kalmeshwar, plus international operations in Ohio and Baytown (USA) and Piombino (Italy). The product portfolio spans hot rolled, cold rolled, galvanized, galvalume, colour-coated steel, tinplate, TMT bars (JSW Neosteel), wire rods, electrical steel, and plates/coils, produced using Blast Furnace, Corex, Direct Reduced Iron (DRI), and Electric Arc Furnace technologies. Vertical integration extends to 13 captive iron ore mines (~1.35 BT reserves), coal assets in Mozambique (Minas de Revuboè), the Dugdha Coal Washery (BCCL partnership), and recycling through NSL Green Steel Recycling.
The company sells finished steel primarily through direct enterprise sales teams serving automotive OEMs (Tata Motors, Honda, Timken), infrastructure projects (Delhi Metro, IGI Airport, SoftBank Solar), consumer durables manufacturers (Samsung, Haier, BHEL), and a tier-2/3 retail network of 11,000+ exclusive and non-exclusive outlets covering 575 districts. Exports reach 100+ countries via international trading houses. Revenue from operations stood at ₹1,85,470 crore in FY26 with net profit of ₹22,316 crore, supported by a 60% Value-Added and Special Products mix and conversion costs of $136 per tonne that rank among the lowest in the industry.
JSW Steel pursues an aggressive growth strategy, targeting 54.8 MTPA capacity by 2030, anchored by a ₹65,000 crore 13.2 MTPA greenfield plant at Paradeep (Odisha), a 50:50 JV with POSCO for a 6 MTPA Odisha plant, and the JSW JFE Steel Ltd joint venture housing BPSL's 2.5 MTPA. The GreenEdge sub-brand offers certificate-based low-carbon steel under the worldsteel Chain of Custody framework, while pilot projects target hydrogen-DRI steelmaking under India's National Green Hydrogen Mission. The company is expanding into adjacent green-fuel verticals via a 300,000 TPA green methanol MoU with Bharatia and Carbon Iceland International, and is mobilising capital through a ₹7,000 crore board-approved QIP alongside block-deal placements to GQG Partners and SBI Mutual Fund.
JSW Steel firmographics
Firmographics- Name
- JSW Steel
- Legal name
- JSW Steel Limited
- Website
- https://jswsteel.in
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- JSW Steel is India's leading integrated steel manufacturer with 37.9 MTPA capacity, producing flat and long steel products for automotive, construction, infrastructure, consumer durables, and energy customers across India, the USA, and Italy.
- Ownership category
- akta.pro rank
JSW Steel industry classification
Industry- NAICS
- Iron and Steel Mills and Ferroalloy Manufacturing (3311), Steel Product Manufacturing from Purchased Steel (3312), Metal Service Centers and Other Metal Merchant Wholesalers (423510)
- SIC
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)
- akta.pro primary industry
- Integrated Steelmaking (BF-BOF) (IMAKABAA)
- akta.pro secondary industries
- Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG), Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Steel Plate, Sections & Welded Assemblies (IMADACAD), Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)
Keywords
Where JSW Steel is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices11 records
Markets served
JSW Steel business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Finished Steel Products Sales: JSW Steel manufactures and sells finished steel products including hot rolled coils, cold rolled coils, galvanized steel, galvalume, color coated products, tinplate, TMT bars, wire rods, and special alloy steel. Revenue is generated through domestic sales (majority), exports, and retail channels.
- GreenEdge Low-Carbon Steel: Premium green steel product with verified CO2 reduction certificates sold to customers seeking to reduce Scope 3 emissions. Follows insetting model with Book and Claim methodology.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
JSW Steel product offering
Product offeringCore offering
JSW Steel manufactures and distributes a diversified portfolio of finished steel products, including hot rolled, cold rolled, galvanized, galvalume, colour coated, TMT bars, wire rods, tinplate, electrical steel, and special alloy steel. The company operates integrated steel plants at Vijayanagar (12 MTPA), Dolvi (10 MTPA), and Salem (1 MTPA), supplemented by downstream coating facilities and international operations in the USA and Italy. Products are sold to automotive OEMs, infrastructure companies, construction firms, energy projects, consumer durables manufacturers, and through an extensive retail and dealer network of 11,000+ outlets across India.
Product overview
JSW Steel offers a diversified portfolio of steel products across flat and long categories, manufactured at integrated steel plants in Vijayanagar (Karnataka), Dolvi (Maharashtra), and Salem (Tamil Nadu), with downstream coating facilities. The product portfolio includes Hot Rolled Steel, Cold Rolled Steel, TMT Bars (JSW Neosteel), Galvanized Steel, Galvalume, Colour Coated Steel, Tinplate, Wire Rods, Electrical Steel, and Steel Plates/Coils. The company also offers GreenEdge, a certificate-based low-carbon emission steel solution for sustainability-focused customers. Products serve infrastructure, construction, automotive, consumer durables, energy, and packaging sectors through various branded offerings including JSW Neosteel, JSW Colouron+, JSW Pragati, and JSW Vishwas.
Differentiator
Problem solved
Functional benefit
Brands
- JSW Neosteel: TMT bars brand for construction and infrastructure
- JSW Colouron+
- JSW Pragati
- JSW Vishwas
- JSW Galveco
- JSW Everglow
- JSW GreenEdge
Quantifiable outcome
- EBITDA per tonne of ₹21,454 (FY2021-22)
- +4 more outcomes
Companies that use JSW Steel
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles3 records
JSW Steel technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
JSW Steel partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Bharat Coking Coal Limited (BCCL)coreBCCL transferred 2 MTPA Dugdha Coal Washery to JSW Steel under 25-year agreement, marking India's first coal washery asset monetization. BCCL will supply 2 million tonnes of coking coal annually at 26% premium. Expected to save Rs 875 crore in forex by substituting imports.
- Larsen & Toubro (L&T)coreL&T GeoStructure secured piling contracts for JSW Utkal Steel's 10 MTPA integrated steel plant at Paradeep, Odisha. Contract worth ₹1,000-2,500 crore with approximately 30 lakh running metres of piling work across nine packages - L&T's largest-ever piling order.
- POSCO Holdingscore50:50 joint venture for a 6-million-ton greenfield steel plant in Odisha's Dhenkanal district. Part of JSW's ₹35,000 crore Odisha expansion. POSCO re-entered India through this JV after its previous mothballed project. Project targets 6 MTPA capacity with completion expected by 2031.
- BharatiaminorMoU with JSW Steel and Carbon Iceland International for low-carbon industrial solutions focusing on carbon capture, utilization, and sustainable industrial technologies to support cleaner steel manufacturing.
- Bharatia and Carbon Iceland InternationalminorStrategic MoU signed during India-Nordic Summit in Oslo for green methanol production project. Targets 300,000 tonnes per annum of green methanol using CO2 captured from JSW Steel's Raigad facility and green hydrogen. JSW provides industrial infrastructure, Bharatia handles execution and financing, Carbon Iceland leads carbon capture integration.
- JFE Steel Corporationcore50% stake sale in Bhushan Power and Steel Ltd (BPSL) to JFE Steel, forming JSW JFE Steel Ltd joint venture. The slump-sale transfer completed March 2026. BPSL adds 2.5 MTPA capacity to JSW's portfolio. Total benefit approximately ₹37,250 crore for JSW Steel.
- Minas de Revuboè Limitada (MdR)coreJSW Steel acquired 92.2% stake in Mozambique-based coal mining company for $73.8-74 million. MdR is a coal mining company providing JSW access to premium hard coking coal reserves (800+ metric tonnes) for steel production, reducing volatility in coal costs.
- National Steel Holding LimitedminorJSW Steel completed acquisition of remaining 50% stake in NSL Green Steel Recycling, making NSL a wholly-owned subsidiary. Transaction finalized September 27, 2023. Acquisition emphasizes JSW's commitment to sustainable and eco-friendly steel production.
Scale indicators15 records
Recent moves9 records
Expansion highlights6 records
JSW Steel competitors and assessment
Company assessmentDirect peers
- Nucor Corporation: Largest steel producer in the United States and a global benchmark for low-cost, EAF-based steelmaking. Comparable to JSW in scale, downstream value-added mix, and capital-efficient expansion model.
- United States Steel Corporation: Integrated US steelmaker with operations spanning flat-rolled, tubular, and mining. Similar integrated blast furnace / EAF / mining footprint and comparable end-market exposure in automotive, construction, and energy.
- Cleveland-Cliffs Inc. North America's largest flat-rolled steel producer and a vertically integrated iron ore miner. Comparable to JSW in combining downstream flat-rolled steelmaking with upstream raw material control.
- ArcelorMittal Nippon Steel India (AMNS India): Joint venture between ArcelorMittal and Nippon Steel operating India's largest single-location steel plant at Hazira. Competes head-to-head with JSW in flat steel and value-added products for automotive and infrastructure customers.
- Tata Steel Limited: Largest Indian private-sector integrated steel producer, with comparable flat and long product portfolios serving automotive, construction, and infrastructure customers across India and the UK. Closest direct competitor to JSW in domestic Indian steel.
- Steel Authority of India Limited (SAIL): India's largest state-owned integrated steel producer with similar BF-BOF integrated operations and a comparable product mix spanning long, flat, and specialty steel. The principal domestic public-sector peer for JSW.
Broad incumbents
- Voestalpine AG: European specialty steel and processing group focused on high-grade flat, long, and tool steel. Comparable to JSW in the Salem Works special alloy steel business and in moving up the value chain into automotive and engineering steel.
- JFE Steel Corporation: Japanese integrated steelmaker that formed the JSW JFE Steel joint venture absorbing Bhushan Power and Steel. Comparable in flat and electrical steel grades and in high-grade automotive and infrastructure applications.
- HBIS Group (Hesteel): China's largest steelmaker and one of the largest globally. Sets global steel pricing and capacity benchmarks that influence JSW's domestic and export pricing environment, particularly for commodity flat and long products.
- POSCO Holdings: Korean steel and battery materials conglomerate. Already a JV partner with JSW in the 6 MTPA Dhenkanal plant; competes broadly in flat steel, automotive steel, and increasingly in low-carbon steel technologies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
JSW Steel social profiles
Digital presenceJSW Steel compliance and trust
Trust signalCompliance6 records
JSW Steel financial estimates
Financial estimateRevenue estimate
Valuation estimate
JSW Steel leadership team
Management profileNumber of profiles
JSW Steel subsidiaries and ownership
Company hierarchySubsidiaries13 records
JSW Steel funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JSW Steel M&A and investment
M&A and investmentM&A8 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JSW Steel
What does JSW Steel do?
JSW Steel manufactures and distributes a diversified portfolio of finished steel products, including hot rolled, cold rolled, galvanized, galvalume, colour coated, TMT bars, wire rods, tinplate, electrical steel, and special alloy steel. The company operates integrated steel plants at Vijayanagar (12 MTPA), Dolvi (10 MTPA), and Salem (1 MTPA), supplemented by downstream coating facilities and international operations in the USA and Italy. Products are sold to automotive OEMs, infrastructure companies, construction firms, energy projects, consumer durables manufacturers, and through an extensive retail and dealer network of 11,000+ outlets across India.
Is JSW Steel a public or private company?
JSW Steel is a public company. It is currently operating.
When was JSW Steel founded?
JSW Steel was founded in 1994. It employs 5,001 to 10,000 people.
Where is JSW Steel based?
JSW Steel is headquartered in Mumbai, India, in the Asia region.
How does JSW Steel make money?
Two revenue lines are on record. Finished Steel Products Sales are the primary driver. The others are greenEdge Low-Carbon Steel.
Who are JSW Steel's main competitors?
Direct peers on record are Nucor Corporation, United States Steel Corporation, Cleveland-Cliffs Inc., ArcelorMittal Nippon Steel India (AMNS India), Tata Steel Limited and Steel Authority of India Limited (SAIL). Broad incumbents are Voestalpine AG, JFE Steel Corporation, HBIS Group (Hesteel) and POSCO Holdings.
Does JSW Steel have an API?
No public API is recorded for JSW Steel.
What industry is JSW Steel in?
Its primary akta.pro industry code is IMAKABAA, Integrated Steelmaking (BF-BOF), with a secondary code of IMAKABAG, Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated). Its NAICS code is 3311 and its SIC code is 3310.