JSW Steel Q3 update: Vijayanagar BF3 shutdown for upgrade; consolidated output at 7.48 million tonnes

Operations and production snapshot

JSW Steel’s Q3 FY26 operational update highlights stable performance despite the planned shutdown of BF3 at Vijayanagar for a capacity upgrade. The company’s diversified footprint and utilization across other furnaces have helped mitigate volume impact, with BF3 expected to restart by February 2026 following completion of the upgrade.

Key highlights

• Consolidated production: 7.48 million tonnes of crude steel in Q3 FY26, reflecting managed throughput amid scheduled maintenance.
• Vijayanagar BF3 status: Blast Furnace-3 under shutdown for upgrade; expected restart in February 2026, with utilization excluding BF3 reported at 92% during the period around the outage.
• Upgrade objective: BF3 revamp targets higher capacity (from 3.0 to 4.5 mtpa reported in prior updates), improved reliability, and lower specific consumptions, supporting medium-term volume growth.
• Network resilience: Other India operations maintained strong utilization, helping offset BF3 downtime and sustain supply commitments.
• Outlook: Near-term volumes may stay constrained until BF3 resumes, after which product mix and output are expected to normalize and potentially improve on efficiency gains.

This planned upgrade positions JSW Steel for stronger operational metrics post-ramp-up, with a disciplined maintenance schedule preserving market delivery.

Sources: BSE filing; JSW Steel Integrated Report; Mesteel