Jindal Steel & Power Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

Jindal Steel's Q1FY26 consolidated results show strong performance. Adjusted EBITDA surged 20% QoQ to ₹2,984 Cr, with PAT up 36% QoQ to ₹1,496 Cr. Gross Revenue stood at ₹14,336 Cr. Net debt increased to ₹14,400 Cr, primarily due to significant capex of ₹2,226 Cr. The company is nearing completion of its Angul expansion, with India's 2nd largest blast furnace set to commence production this month. Several new lines, including CGL-1 and an HR Skin Pass Mill, have been commissioned, enhancing value-added product capabilities. They also secured the Roida-I Iron Ore block.