DRIVING
TRANSFORMATIVE GROWTH

Grow

Strategic growth with efficient capital allocation.

₹1.26 lakh crore

Approved capex pipeline

78 MTPA

Targeted domestic capacity by FY 2031-32

Transform

Being future-ready through technology-led transformation and digitalisation.

Optimise

Cost leadership through resource optimisation and improved raw material security.

33%

Iron ore consumption through captive mines

10% additional stake

Acquired in the Illawarra metallurgical coal mines in Australia

1.81X

Leverage (Net Debt/EBITDA)

Credit ratings:

Moody's: Ba1
ICRA: AA
Fitch: BB
CARE: AA

Maintain

Strong financial profile and ratings.

Enhance

Value-added product portfolio with innovation and R&D.

182

Products/grades developed in FY 2025-26

61%

VASP share achieved in the overall sales mix

Steel Sustainability Champion

For the 8th consecutive year

>80%

Of steel production certified under the ResponsibleSteel™ standard

Sustain

Mainstreaming sustainability across the businesses.

Next Grow