JSW Unit in India Requests Government Aid for Gas Supply Amid Shortages

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JSW Unit Seeks Govt Help for Gas Amid Iran War Shortages, Fears Output Disruption

JSW Steel | The company has become India's largest steel producer after having rapidly expanded its capacity from 8 MTPA in FY10 to 34 MTPA in FY25. It also has plans to raise it to 42 MTPA by September-2027, led by a 5 MTPA Dolvi expansion and de-bottlenecking. Expansions are also planned in Andhra Pradesh with an aim to take the capacity to 50 MTPA by financial year 2031. Jefferies said that India flat steel spot prices may see further improvement as Asian spreads bounce back. JSW Steel's EBITDA per tonne may expand to ₹8,500 in the December quarter to ₹11,600 in the March quarter and then to ₹14,000 by financial year 2027-2028, Jefferies said. Price target of ₹1,400 implies a premium to Tata Steel considering the former's higher India exposure, higher EBITDA sensitivity to rising steel prices and the absence of any mine-related overhang after 2030.

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CNBC TV18•19-03-2026, 22:19

JSW Unit Seeks Govt Help for Gas Amid Iran War Shortages, Fears Output Disruption

•JSW Steel Coated Products, a unit of JSW Steel, has requested government intervention to secure liquefied natural gas and propane supplies.
•The company fears output disruptions due to shortages caused by the Iran war, as stated in a letter reviewed by Reuters.
•Disruption in production would adversely impact downstream customers and could lead to supply deficits in key sectors.
•JSW Steel Coated Products is India’s largest manufacturer of coated steel products, serving food packaging, engineering, and infrastructure.
•Mounting gas shortages have already disrupted operations at some JSW Group steel plants, with one unit facing potential shutdown.

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