Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Jindal Steel & Power Ltd. reported a solid financial performance for Q3, with its consolidated net profit climbing to ₹1,208 crore, up 66% year-on-year. The surge comes despite rising input costs and a challenging global steel environment.
Driven by strong domestic demand and operational efficiency, the company’s revenue stood at ₹12,355 crore, reflecting stable sales volumes and better product mix. While raw material expenses increased, Jindal Steel managed to protect its margins through disciplined cost control and a strategic focus on value-added products.
The company also highlighted robust growth in exports, despite global headwinds, and continues to invest in capacity expansion to meet rising infrastructure and construction sector needs. Jindal Steel’s Q3 performance reaffirms its resilience and leadership position in the Indian steel industry.Looking ahead, the company remains optimistic, banking on sustained infrastructure momentum, government spending, and improved international pricing trends. Jindal Steel’s strong balance sheet and forward-looking capital allocation strategies place it in a favorable position to weather commodity volatility and drive long-term growth.
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