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JSW Steel Gets 'Buy' From Motilal Oswal On Strong Growth Outlook, Says Muted Pricing A Near-Term Headwind
Motilal Oswal reiterates Buy rating on the stock with a target price of Rs 1,150.
20 Feb 2025, 09:19 AM IST 
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Considering the healthy realization and muted input costs, Ebitda is likely to clock a ~15% CAGR by FY27E.
(Photo source: Freepik)
JSW Steel is on track to achieve a capacity of 50 mpta by FY31, aided by multiple expansion projects. The 5mtpa Vijayanagar expansion was completed in Q3 FY25, taking its total India capacity to 34 mtpa. Further, a 7 mtpa expansion is underway (2 mtpa Vijayanagar + 5 mpta Dolvi) and is targeted to be commissioned by Sep’27E.
