JINDAL STEEL LIMITED (JINDALSTEL) — FY25 Annual Report | 8 August 2025(2 announcements)

Jindal Steel reported ₹48,818.03 crores in turnover and ₹49,762.87 crores net worth for FY 2024-25. The company accelerated decarbonisation efforts, targeting net zero emissions by 2047 with carbon intensity reduction to 2.0 tCO₂/tcs by 2030. Key initiatives include capturing 2,000 TPD CO₂ for innovative applications, installing hydrogen and syngas injection systems at Angul, and expanding renewable energy integration. Employee strength reached 10,732 (permanent and non-permanent combined). Jindal Steel achieved 100% compliance with statutory retirement benefits and maintained comprehensive occupational health systems aligned with ISO 45001:2018. Community grievance handling improved with 872 cases processed in FY 2024-25.

Jindal Steel Limited delivered record 8.12 MT crude steel production in FY25 with ₹58,044 crore gross revenue, though profitability declined 52% to ₹2,846 crore net profit due to lower steel realizations and ₹1,229 crore exceptional provisions. The company is executing a ₹47,043 crore capacity expansion targeting 15.6 MTPA by FY28, with 85% current utilization. Despite industry headwinds from low-cost imports, Jindal maintained dividend at ₹2/share and achieved strong operational metrics including 11,901 EBITDA/tonne and 0.25x net debt-to-equity ratio (improved from 1.1x in FY20).