JSW Steel, India’s leading integrated steel company, reported its highest-ever consolidated crude steel production of 7.03 million tonnes for the third quarter of fiscal year 2024-25, marking a 4 per cent increase quarter-on-quarter and 2 per cent year-on-year.

The shares of JSW Steel Limited were trading at ₹898.30 up by ₹7.35 or 0.82 per cent on the NSE today at 12.05 pm.

The company’s Indian operations achieved a record production of 6.82 million tonnes, up 3 per cent both quarterly and annually, with capacity utilisation at 91 per cent. Production was temporarily affected by maintenance work at a Dolvi blast furnace in October, which resumed normal operations in early November.

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The company’s expansion project at Vijayanagar is progressing, with its subsidiary JSW Vijayanagar Metallics Ltd. (JVML) commissioning one of two convertors and castors at its Steel Melt Shop during Q3. Once fully operational, this will increase Vijayanagar’s total crude steel capacity to 17.5 MTPA and boost JSW Steel’s overall Indian operations capacity from 29.2 MTPA to 34.2 MTPA.

For the first nine months of FY25, JSW Steel’s consolidated production reached 20.16 million tonnes, compared to 19.89 million tonnes in the same period last year, including volumes from the merged JSW Ispat Special Products Ltd.

The company, part of the $24 billion JSW Group, aims to expand its consolidated capacity to 43.5 MTPA over the next three years as part of its growth strategy.