Jsw Steel Limited · NSE:JSWSTEEL
Jsw Steel — Q4 FY22 Earnings Presentation
63 slides from Jsw Steel's earnings presentation, May 27, 2022
Slide 1: Cover letter to stock exchanges
flW ..,& Steel Limited Regd . Office : JSW Centre, Sandra Kurla Complex, Sandra (East), Mumbai - 400 051 CIN.: L27102MH1994PLC152925 Phone : +912242861000 Fax : +91 22 4286 3000 JSWSL: SECT: MUM: SE: 2022-23 Website: www.jsw.in May 27, 2022 1. National Stock Exchange of India Ltd. 2. BSE Limited Exc
Slide 2: Q4 & FY22 Results Presentation
~ ~Steel Q4 & FY22 Results Presentation 27 May 2022
Slide 3: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement ~ ~Steel Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statem
Slide 4: Key Highlights – Q4 FY22 & FY22
Key Highlights – Q4 FY22 & FY22 ~Steel • Revenue from Operations: ₹146,371 crore in FY22, ₹46,895 crore in Q4 • Operating EBITDA: ₹39,007 crore in FY22, ₹9,184 crore in Q4 • Net Profit: ₹20,938 crore in FY22, ₹3,343 crore in Q4 Consolidated • Net Debt to Equity: 0.83x and Net Debt to EBITDA1: 1.45x
Slide 5: Agenda
Agenda ~ --------------------------------------------------------------------------- ~Steel rl Sustainability I Business Environment I Operational Performance I Financial Performance I JSW Ispat Special Products Merger I Outlook & Project Updates I Digitalisation at JSW Steel _J JSW Steel Q4 FY22 Re
Slide 6: Agenda
Agenda ~ ~Steel Sustainability Business Environment Operational Performance Financial Performance JSW Ispat Special Products Merger Outlook & Project Updates Digitalisation at JSW Steel _J JSW Steel Q4 FY22 Results Presentation 5
Slide 7: Sustainability Framework and Priorities
Sustainability Framework and Priorities ~ ~Steel 17 Focus Areas Governance & Oversight By Board-level Business Responsibility And Climate Change: Biodiversity: No Net Loss for Biodiversity Sustainability Committee • Aligned to India’s Nationally Determined Contributions for Climate Change as per Ms.
Slide 8: Environment: Targets and Strategy
Environment: Targets and Strategy ~ ~Steel SD Targets FY05 FY30 Targets Improvement Strategic Approach Climate Change • Specific Energy GCal/tcs • GHG Emissions tCO2e/ tcs 6.94 3.39 ► 5.65* 1.95 --19% 42% • • • • • Transition from thermal to renewable energy Reduction of fuel rate in BF and DRI Incr
Slide 9: Environmental Performance
~ Environmental Performance ~Steel Specific Energy Consumption (Gcal/tonne) GHG Emission Intensity (tCO2/tcs) Specific Freshwater Consumption (m3/tcs) 2.75 4.13 6.59 6.56 3.79 6.38 6.24 2.59 2.60 2.41 2.45 2.52 2.50 6.04 2.49 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 * FY18 FY19 FY20 FY21 FY
Slide 10: Health & Safety
Health & Safety ~ ~Steel JSW is committed to providing a safe and healthy working environment and achieving an injury- & occupational illness-free workplace. Our vision is to achieve ‘Zero Harm’ Building a Culture of Health & Safety JSW’s Roadmap to Vision 000 Zero Zero Zero major injury harm incide
Slide 11: Sustainability Initiatives & Recognitions
Sustainability Initiatives & Recognitions ~ ~Steel Initiatives Recognitions 225 MW of Renewable Energy For the 4th consecutive year JSW Steel Solar power supply from 225MW recognised as a Sustainability Champion by -~ - . commenced at Vijayanagar, as part of World Steel Association, for its contribu
Slide 12: Our Communities
Our Communities ~ ~Steel India’s First Skill Impact Bond New Initiatives & Updates • Impact bonds are innovative and results-based finance mechanism that leverage private sector capital and expertise. Private investors Inculcating Critical Additional Water (risk investors) initially finance the init
Slide 13: Agenda
Agenda ~ ~Steel Sustainability Business Environment Operational Performance Financial Performance JSW Ispat Special Products Merger Outlook & Project Updates Digitalisation at JSW Steel _J JSW Steel Q4 FY22 Results Presentation 12
Slide 14: Global Economy
Global Economy ~ ~Steel GDP Growth Forecasts (%YoY) • IMF reduced 2022 global GDP forecast by 80 bps to 3.6%, due ■ CY22F (Jan 22) ■ CY22F(Apr 22) ■ CY23F(Apr 22) to Russia-Ukraine conflict, inflation and monetary policy tightening, and supply bottlenecks. Covid has moved to the 9.0% “endemic” stage
Slide 15: Global Steel
Global Steel ~ ~Steel Crude Steel Production – Jan-Apr (mt) Steel Demand (mt) China Steel Production and Export (mt) ■ Jan-Apr CY20 ■ Jan-Apr CY21 ■ Jan-Apr CY22 ■ CY21 ■ CY22F (Oct 21) ■ CY22F (Apr 22) ■ CY23F (Apr 22) ■ China Crude Steel Production (LHS) 150 10 -7.1% +0.4% ■ Exports (RHS) 8 1,896
Slide 16: Indian Economy
Indian Economy ~ ~Steel PMI – Manufacturing GST Collection (₹ Lakh Cr) • Broad-based recovery in recent months with withdrawal of 60 Covid restrictions and normalization of the economy. Most 2.0 55 sectors, excluding services, now at pre-Covid levels. 50 45 1.5 • Infrastructure and manufacturing ini
Slide 17: Indian Steel – Annual Trend
Indian Steel – Annual Trend ~ ~Steel Production and Consumption (mt) Steel Imports (mt) Steel Exports (mt) ■ FY 21 ■ FY 22 ■ Finished ■ Semis ■ Finished ■ Semis +15.9% +11.4% -4.0% +5.7% 18.37 120.01 5.04 17.39 103.55 94.89 105.75 4.88 0.29 4.84 6.60 □ □ 0.17 10.78 13.49 4.75 4.67 Crude Steel Produc
Slide 18: Indian Steel – Quarterly Trend
Indian Steel – Quarterly Trend »rste91 Production and Consumption (mt) Steel Imports (mt) Steel Exports (mt) ■ Q4 FY21 ■ Q4 FY22 ■ Finished ■ Semis ■ Finished ■ Semis +5.9% -1.7% YoY Trend -22.3% 30.13 31.92 1.62 9.3% 29.49 29.00 1.26 3.89 3.56 0.08 0.72 0.05 1.09 1.54 1.21 3.17 2.47 Crude Steel Pro
Slide 19: Agenda
Agenda ~ ------------------------------------------------------------------------------------------ ~Steel rl Sustainability Business Environment Operational Performance Financial Performance I JSW Ispat Special Products Merger I Outlook & Project Updates I Digitalisation at JSW Steel _J JSW Steel Q
Slide 20: Quarterly Volumes – Standalone
~ Quarterly Volumes – Standalone ~Steel Crude Steel Production Steel Sales +20% +26% YoY 13% YoY QoQ +28% QoQ 5.01 5.11 4.19 4.41 4.06 4.00 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 Flat 2.99 3.15 3.76 Flat 2.97 3.00 3.79 Long 1.05 0.99 1.15 Long
Slide 21: FY22 Volumes – Standalone
~ FY22 Volumes – Standalone ~Steel Crude Steel Production Steel Sales +17% ( YoY ( 11% YoY 17.62 16.52 14.88 15.08 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 Flat 10.87 12.63 Flat 11.00 12.06 Long 3.21 4.03 Long 3.15 3.87 Semis 0.73 0.58 JSW Steel Q4 FY22 Results Presentation All figures in million ton
Slide 22: Q4FY22 Sales Highlights – Consolidated
Q4FY22 Sales Highlights – Consolidated ~ ~Steel Domestic Sales Total Sales ■ OEM/Industrial ■ Retail ■ Auto ■ Export ■ Domestic ■ Other Products ■ Value Added ■ Special Products 4.03mt 5.13mt 26% VASP Q4 52% 35% 13% 79% YoY FY22 Q4 FY22 43% 41% 16% 31% t__________t_57% 3.10mt 3.91mt QoQ Q3 r -- - 55
Slide 23: FY22 Sales Highlights – Consolidated
FY22 Sales Highlights – Consolidated ~ ~Steel Domestic Sales Total Sales FY22 ■ OEM/Industrial ■ Retail 52% 32% ■ Auto 16% 11.77mt ■ Domestic ■ Export 72% 16.34mt +9% YoY FY22 ■ Other Products 40% ■ VA ■ Special Products 44% r - - - - - -- --.. -60% - 16% VASP FY21 55% 31% 14% 10.72mt 72% 14.95mt FY
Slide 24: Retail Segment and Branded Stores Highlights
Retail Segment and Branded Stores Highlights ~ ~Steel Retail Sales (in kt) Branded Stores (number of outlets) 1,301 +48% 352 new YoY +51% branded stores added in new QoQ 3,786 503 towns and 151 1,426 3,326 in existing towns 710 591 961 945 2,003 775 1,729 108 395 523 529 798 651 1,597 1,783 483 439
Slide 25: Q4 & FY22 Production & Sales Summary
Q4 & FY22 Production & Sales Summary ~ ~Steel In million metric tonnes Q4 FY22 FY22 Crude Steel Crude Steel Particulars Sales Sales Production Production Existing operations 4.41 4.54 16.84 15.75 ------~-----~ Dolvi Phase-II expansion 0.59 0.57 0.78* 0.76 JSW Steel Standalone 5.01 5.11 17.62 16.52 B
Slide 26: Grades/Products Approved in Q4 FY22 (1/2)
22 Grades/Products Approved in Q4 FY22 (1/2) ~ ~Steel Galvanized Steel – High Strength & Structural Steel for Color Coated (PPGI) for Home Appliances – Deep Freezer, Solar Structural Support Application Washing Machine & Refrigerator Cabinet Parts Refrigerator Cabinet (IS 277 GPL(SGCC) –Color Coated
Slide 27: Grades/Products Approved in Q4 FY22 (2/2)
22 Grades/Products Approved in Q4 FY22 (2/2) ~ ~Steel A special product (with uncoated surface) for pump Special alloy steel grade for auto OEMs, with hardening, motor, Generator Core & Fan Motor segment Casing characteristics & Forging Applications Fan Segment Motor(50SP660 – Electrical Steel, Semi
Slide 28: Brand Initiatives and Customer Engagement
Brand Initiatives and Customer Engagement ~Steel JSW Experience Centre, Coimbatore JSW Roof To Dream JSW Roof to Dream video: http://surl.li/cbmbs • Aims to refurbish schools infrastructure to provide a conducive learning environment to students • Over 13,000 students in 52 schools across 6 states b
Slide 29: Brand Initiatives and Customer Engagement
Brand Initiatives and Customer Engagement ~ ~Steel Meet & Greet for our Distributors IPL Campaigns and Branding with Delhi Capitals players Launch of Silveron+ and Colouron+ variants • Launched Silveron+, a premium category roofing • Launched 3 new variants of '.I sheet with Al- Zn coating Colouron+
Slide 30: Agenda
Agenda ~ --------------------------------------------------------------------------------------- ~Steel rl Sustainability Business Environment Operational Performance Financial Performance JSW Ispat Special Products Merger I Outlook & Project Updates I Digitalisation at JSW Steel _J JSW Steel Q4 FY2
Slide 31: Financials – Standalone
Financials – Standalone ~ ~Steel ₹ crore Particulars Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Revenue from Operations 36,011 24,398 28,850 118,820 70,727 Operating EBITDA 6,907 8,021 6,797 31,868 19,259 Other Income 416 195 394 1,929 669 Finance Cost 1,317 868 887 3,849 3,565 Depreciation 1,225 1,011 1,237
Slide 32: Operating EBITDA Movement Q4 FY22 – Standalone
Operating EBITDA Movement Q4 FY22 – Standalone ~ ~Steel ₹ crore 1,887 (985) 6,797 6,907 (792) Q3 FY22 EB ITDA Volume NSR Cost Q4 FY22 EBITDA JSW Steel Q4 FY22 Results Presentation 31
Slide 33: Operating EBITDA Movement FY22 – Standalone
Operating EBITDA Movement FY22 – Standalone ~ ~Steel ₹ crore 36,937 31,868 (26,451) 2,123 19,259 FY21 EBITDA Volume NSR Cost FY22 EBITDA JSW Steel Q4 FY22 Results Presentation 32
Slide 34: JSW Steel Coated Products (Consolidated)
JSW Steel Coated Products (Consolidated) ~ ~Steel Million tonnes Volumes Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Production (GI/GL + Tin) 0.79 0.64 0.73 2.93 2.05 Sales 0.94 0.76 0.77 3.22 2.41 ₹ crore Key P&L data Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Revenue from 8,935 5,992 7,781 31,775 16,829 Operations O
Slide 35: Bhushan Power and Steel Ltd (BPSL)
Bhushan Power and Steel Ltd (BPSL) ~ ~Steel Million tonnes Volumes Q4 FY22 Q3 FY22 FY22 Crude Steel Production 0.71 0.64 1.34 Steel Sales 0.78 0.58 1.36 ₹ crore Key P&L data Q4 FY22 Q3 FY22 FY22 Revenue from 6,125 5,083 11,208 Operations Operating EBITDA 1,553 1,547 3,100 Profit after Tax 1,044 1,01
Slide 36: Operational Performance – Ohio, USA
Operational Performance – Ohio, USA ~ ~Steel Net tonnes Operational Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Production - Crude Steel 106,884 21,170 180,112 605,657 83,043 Sales - Slab 12,788 3,402 74,721 213,175 52,594 Sales - HRC 74,185 9,880 92,557 318,493 90,474 US$ mn Key P&L data Q4 FY22 Q4 FY21 Q3 F
Slide 37: Operational Performance – US Plate & Pipe Mill
Operational Performance – US Plate & Pipe Mill ~ ~Steel Net tonnes Production Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Plate Mill 63,494 18,309 76,621 292,037 132,059 Pipe Mill 1,008 - 1,261 12,845 4,175 Net tonnes Sales Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Plate Mill 68,969 16,485 66,573 266,575 139,596 Pipe
Slide 38: Operational Performance – Piombino, Italy
Operational Performance – Piombino, Italy ~ ~Steel tonnes Production Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Rolled Products (Bars, Wire 94,007 77,907 104,149 319,316 285,098 Rod & Rails) Grinding Balls 15,856 11,256 15,921 49,465 45,890 tonnes Sales Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Rolled Products (Bars
Slide 39: Joint Controlled Entity: JSW Ispat Special Products
Joint Controlled Entity: JSW Ispat Special Products ~ ~Steel Million tonnes Key Metrics Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Crude Steel Production (mt) 0.17 0.15 0.14 0.58 0.38 Steel Sales (mt) 0.17 0.13 0.13 0.58 0.34 ₹ crore Key P&L data Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Revenue from Operations 1,68
Slide 40: Financials – Consolidated
Financials – Consolidated ~ ~Steel ₹ crore Particulars Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 Revenue from operations 46,895 26,934 38,071 146,371 79,839 Operating EBITDA 9,184 8,440 9,132 39,007 20,141 Other Income 233 161 154 1,531 592 Finance Cost 1,756 1,005 1,283 4,968 3,957 Depreciation 1,815 1,253
Slide 41: Q4 FY22 Results – Drivers of Performance (Standalone)
Q4 FY22 Results – Drivers of Performance (Standalone) ~ ~Steel • Operated at 98% capacity utilization (ex-Dolvi expansion) vs. 94% QoQ Volumes • Sales volumes higher by 28% QoQ, driven by contribution from Dolvi expansion and healthy demand Realisation • Net sales realisation declined by 3% QoQ driv
Slide 42: Net Debt Movement – Consolidated
Net Debt Movement – Consolidated ~ ~Steel ₹ crore - 4,938 66,312 (2,068) 797 (7,385) 56,650 (5,945) Net Debt New Loans Repayments Prepayments Forex impact Movement in Cash Net Debt Dec-21 Taken & Bank Bal. Mar-22 Particulars 31.03.2022 31.12.2021 31.03.2021 Net Debt (₹ Cr) 56,650 66,312 52,615 Cash
Slide 43: Strong Balance Sheet
Strong Balance Sheet ~ ~Steel Net Gearing (ND/Equity) well Leverage (ND/EBITDA) well under the stated cap of 1.75x under the stated cap of 3.75x Diversified Funding Sources 1.75x 4.50x 1.38x 1.48x 1.34x 3.75x - - - 1.17x - 2.60x 2.40x 2.61x INR debt, Loans and 0.83x - - - 1.45x Foreign 39% others, B
Slide 44: Agenda
Agenda ~ --------------------------------------------------------------------------------- ~Steel rl Sustainability I Business Environment Operational Performance Financial Performance JSW Ispat Special Products Merger Outlook & Project Updates I Digitalisation at JSW Steel _J JSW Steel Q4 FY22 Resu
Slide 45: JISPL Merger with JSW Steel: Transaction Overview
JISPL Merger with JSW Steel: Transaction Overview ~ ~Steel Transaction Structure Proposed Swap Ratio Approvals and Timeline • JSW Ispat Special • JISPL shareholders to • Transaction is subject to Products Ltd (“JISPL”) and receive 1 share of JSW shareholders, creditors its holding company Steel for
Slide 46: JISPL Merger with JSW Steel: Transaction Overview
JISPL Merger with JSW Steel: Transaction Overview ~ ~Steel JSW Steel Limited AION Investments Pvt II Ltd Current Structure 48% 52% (effective stake) 100% Creixent Special Steels Ltd JTPM Atsali Ltd 5% 48% Post Transaction Shareholding of JSW Steel Pre-Merger Proforma 47% JISPL 31st Mar 22 Post-Merge
Slide 47: Successful Turnaround Executed at JISPL
Successful Turnaround Executed at JISPL ~ ~Steel 2018 _ _ _ _j A consortium of JSW Steel & AION completed the acquisition of the distressed Monnet Ispat & Energy Ltd (Now JISPL). Key Metrics Operating Revenue (₹ Cr) 6,061 Restarted TMT operations, introduced JSW Neosteel brand _ _ __....J under lice
Slide 48: Agenda
Agenda ~ --------------------------------------------------------------------------------- ~Steel rl Sustainability I Business Environment I Operational Performance I Financial Performance I JSW Ispat Special Products Merger Outlook & Project Updates Digitalisation at JSW Steel _J JSW Steel Q4 FY22
Slide 49: FY23 – Key Strategic Priorities & Outlook
FY23 – Key Strategic Priorities & Outlook ~ ~Steel • Committed to Sustainability targets with focus on 5 key areas: Climate Change, Water Security, Waste, Air Emissions, Biodiversity • Maintain healthy margins despite challenging external environment: • Leverage low conversion cost advantage • Optim
Slide 50: FY23 Guidance
FY23 Guidance ~ ~Steel All fig. in million metric tonnes FY23 Crude Steel Particulars Sales Production Consolidated Indian Operations 23.60 22.60 Joint Control Entity: JSW Ispat Special Products Ltd. 0.70 0.70 Indian Operations incl. Joint Control 24.30 23.30 JSW Steel USA Ohio 0.70 0.70 Total Combi
Slide 51: Annual Capex Update
Annual Capex Update ~ ~Steel ₹ crore Actual Spent 20,000 19,124 14,198 9,728 FY22 FY23 FY24 FY25 Particulars ₹ Cr Unspent Capex including creditors & acceptance 33,259 Sinter plant and other facilities to support 5mtpa expansion at Vijayanagar 1 5,000 LRPC2 and Other Projects 1,401 Sustenance Capex
Slide 52: Key Project Updates - Vijayanagar
Key Project Updates - Vijayanagar ~ ~Steel 5mtpa brownfield project • Long lead-time items ordered, Letters of Credit established • Construction activities for all packages underway • Project to be completed by FY24 CRM-1 complex capacity expansion (0.85 mtpa to 1.80 mtpa) • 2nd CGL line of 0.45mtpa
Slide 53: Key Project Updates – BPSL
Key Project Updates – BPSL ~ ~Steel Phase-I expansion to 3.5 MTPA (By Q2 FY23) • EAF Modification: Completed in Q4 FY22 • SMS1 Caster Modification: Caster 1&2 Project comissioned in Q1 FY23 • Completion of Sinter Plant-2: Furnace light up done, to be completed by Q2 FY23 Phase-II expansion to 5 MTPA
Slide 54: Key Project Updates – Downstream
Key Project Updates – Downstream ~ ~Steel Vasind and Tarapur: Downstream projects • 0.5mtpa Continuous Annealing Line at Vasind o To be commissioned by June 2022 • Second Tinplate line of 0.25 mtpa at Tarapur o All major equipment installation completed. To be commissioned by June 2022 Other Downstr
Slide 55: Agenda
Agenda ~ ~Steel r I Sustainability I Business Environment I Operational Performance I Financial Performance I JSW Ispat Special Products Merger I Outlook & Project Updates Digitalisation at JSW Steel JSW Steel Q4 FY22 Results Presentation 54
Slide 56: Digitalisation: JSW’s Approach & Impact Created
Digitalisation: JSW’s Approach & Impact Created ~ ~Steel Wave 4 and Vision 2025 Scale digital to best-in-class: – Enhance Sales, Marketing, Customer service and eCommerce – Existing plants: Continue digital projects ···························~ – New plants: BPSL, ACCIL, JISPL – Support functions: H
Slide 57: JSW’s Digital Focus Areas
JSW’s Digital Focus Areas ~ ~Steel Additional Focus Technologies Used Core Systems (SAP, SF, GCP, Mining Azure, Darwin Box), IoT, AI/ML, Analytics, Cloud/Edge Computing, RPA-leveraging JSW Safety, Security, Sustainability led Digital team as well as Startup • Finance Governance R&D Primary Supply ec
Slide 58: Industry 4.0 for Digital Steel Plants and Mining
Industry 4.0 for Digital Steel Plants and Mining ~ ~Steel AI Enabled Security Surveillance and Safety System 1 • Integrated Control Tower Artificial Cloud Fuel management system (Mining Dashboards (Several plants) Intelligence Computing business) Track & Trace- Outbound Process • Yard Management Sys
Slide 59: Initiatives Beyond Industry 4.0 Leading to Significant Value Generation
~ Initiatives Beyond Industry 4.0 Leading to Significant Value Generation ~Steel JSW’s Digital transformation along B2B sales direct 3 dimensions connect and eCommerce (JSW One for MSME) Micro-market _.Ii!&. IoT Advanced spend cube analytics – category rooms (procurement) e·e .. ... based sales (JSW
Slide 60: Successful Digital Initiatives for Safety and Sustainability
Successful Digital Initiatives for Safety and Sustainability ~ ~Steel CRM-2: Dross Cleaning Robot for Laser Scanner for LF Ladle Productivity and Employee Safety Laser scanning in ladles improves safety and • Zinc dross in coated steel plants is valuable extends Steel ladle life from financial and s
Slide 61: Digital Logistic Management System (DLMS) - Odisha Mines
Digital Logistic Management System (DLMS) - Odisha Mines Non-DLMS DLMS • 1 Integration with i3MS Permit details generated in i3MS and fetched 5 Parking Management (Day of despatch activities) Entry control through RFiD • 2 Integration with SAP DO creation in SAP DO-Permit Tag authentication and Boom
Slide 62: Our Steel is Helping Build Key Infrastructure in India
Our Steel is Helping Build Key Infrastructure in India ~ ~Steel Solar Project: Contributed 9.1 GW Wind Project: Contributed 620MW -., High Speed Rail (Mumbai - Ahmedabad) c.90kT supplied ~ I Expressways and Highways: Over 1,145km ~ Metro Projects: c.41km of metro project lines (Mumbai, Pune, Nagpur,
Slide 63: Investor Relations Contact
~ _.,,ISI/Ysteel Investor Relations Contact: ir.jswsteel@jsw.in BETTER EVERYDAY JSW Steel Q4 FY22 Results Presentation 62