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Jayant Acharya

Joint Managing Director & CEO, JSW Steel Limited

Search every verified Jayant Acharya interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jayant Acharya, Joint Managing Director and CEO of JSW Steel, discussed the company’s performance and strategy during the Q4 FY25-26 earnings conference call. He described the fiscal year as transformational for JSW Steel, citing strategic joint ventures with global steel majors, progress on capacity expansions, enhanced raw material security, and a stronger, deleveraged balance sheet. He stated that the company is targeting 62 million tons of steel production in India by FY32, with joint ventures expected to cumulatively add 16 million tons, and expressed confidence in India’s long-term growth story supporting the industrial ecosystem. On trade policy, Acharya said India is one of the more balanced countries regarding protection, noting that global protections range between 25% and 50% while India’s safeguard duty stands at 11.5%. He attributed the need for such measures to countries safeguarding their supply chain resilience against adverse trade flows. Regarding technology partnerships, he noted that both JFE and POSCO are leading global steel companies with distinct strengths, with JFE contributing areas like CRGO technology and POSCO excelling in high-strength and giga steels for lightweighting applications.

Recent appearances

Verified interview transcripts

Notable quotes

“Net debt to EBITDA has improved now to 1.46, and we had given our comfort that we would like to be below 2.5 as we grow our capacities. We maintain that direction and we'll be financially prudent to see that that doesn't get disturbed when we grow. Net debt has reduced to 46,000 odd crores from the last quarter. And I think our balance sheet is now quite strong to be able to take advantage of the India growth story a”

“The quarter one has seen a very strong operational performance. India demand I think was one of the basic drivers. It grew at 8.3% the steel demand. And that has driven good good growth. Our capacity utilization excluding BF3 was at 94% and that quarter on quarter basis showed a volume growth of 15%.”

“no equity for funing plan our debt net debt to AITA you're right has fallen and it's at 1.46 46. We had said that while we grow our capex and while we go towards our target of 62 million tons in JSW steel by 32, we would be comfortable with a net debt to AITA below 2.5. I think we have reached that number quite well in advance. but we would keep our focus on this and see that our ratios are our financial prudence is ”

“In the quarter two what you will see will be increased volumes from JSW steel on the ramp up of BF3 furnace at Vijayagar and our Ohio operations in US. That should play into the overall absolute number. On the cost side, I already gave you an idea that the cooking coal would impact costs to some extent. the prices are difficult to estimate and therefore I'm not able to give you a band of EITA what would appear in qua”

“With China slowing down, India is the best second alternative for manufacturing for India and for the world. And steel is an essential raw material for manufacturing.”

“We have revised our targets and would like to target a capacity of 62 million tons by FY32. In addition to the joint ventures of JF and POSCO which incrementally will also add 16 million tons by FY32. These two put together we would have a capacity of 78 million ton in India and including our US operations about 79.5 million tons making us one of the largest steel companies worldwide.”

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