JSW Steel Anticipates Growth in Q4 Driven by Government Capex and Infrastructure Recovery

JSW Steel expects a robust Q4 FY25 performance, buoyed by government capital expenditure and infrastructure sector recovery. Despite facing challenges in Q3 FY25 with softer steel prices and subdued demand, the company remains optimistic about future growth.

CEO Jayant Acharya stated, "We expect to achieve 98% of our volume guidance of 28.4 million tonnes in fiscal 2025". This outlook aligns with India's position as the world's second-largest steel producer, with a 4.9% growth rate.

JSW Steel's strategic investments, including the US$500 million commitment to Acero Junction Inc, underscore its expansion plans. The company's share price target for 2025 shows potential for future earnings growth, reflecting confidence in the sector's recovery.

Source: Business Standard