Jindal Steel is aiming to produce about 12 million tonnes of crude steel in FY26, driven by the commissioning of a new blast furnace at its Angul plant in Odisha.
Speaking to media on the sidelines of the ISA Steel Conclave in New Delhi on Monday, Naveen Jindal, Chairman, Jindal Steel, said, “Our target is to produce around 12 million tonnes of steel this year and in the remaining period we are hopeful that we are going to be able to increase the production because in September itself we are able to commission our largest blast furnace.”
The Angul blast furnace, with a capacity of around 4 million tonnes, is scheduled to be commissioned this month. The company’s output stood at 8.1 million tonnes during the same period last year.
Jindal noted that the steel industry has received significant backing from the government, contributing to India’s position as the second-largest producer and consumer of steel.
“Going forward, we have the capacity of 200 million tonnes and we want to achieve it to 300 million tonnes by 2030. It’s very important that we get all the key raw materials especially the iron ore at competitive prices and availability improved so the government has to come out with more mines so that we can have availability of iron ore,” he said.
Jindal also highlighted concerns over logistics costs. “Sometimes we have to pay a lot of money because in India rail transport is cross subsidised. So we pay higher while some sectors pay lower. We also want to have a level playing field to produce comparatively,” he added.
Trade and sustainability
On international trade issues, Jindal said US tariffs have little impact on Indian steel exports.
“The US tariff doesn’t have much impact on the industry. Already, there are very high tariffs on Indian steel going to the US,” he said.
Regarding China’s steel exports to India, he added, “On China’s act of dumping cheaper steel in India, the government has imposed safeguard duties. We are hoping it will continue, to safeguard the industry”.
On India’s Green Steel Mission, Jindal said the company is working to lower emissions, “Every company is trying to reduce its carbon footprint and they are trying to produce low-emission steel. It’s a journey and it’s not going to be achieved in a day. It’s a journey that everybody is embarking upon to achieve it”.
