Steel companies witnessed strong buying interest on Friday, with Tata Steel, JSW Steel, SAIL and Jindal Stainless gaining up to 4% on the BSE. Tata Steel rose to ₹174.70, close to its June 2024 record, while JSW Steel touched a new high of ₹1,161.
On 1 October 2025, JSW Steel announced that Moody’s Ratings had revised its outlook to positive from stable. “The outlook change to positive reflects JSW Steel's meaningful expansion in operating scale, reinforcing its position as India's largest steel producer.
The ramp-up of operations at recently completed projects will drive higher earnings, and support sustained improvement in the company's credit metrics," stated Hui Ting Sim, Moody's Ratings Assistant Vice President and Analyst.
JSW Steel’s production capacity has expanded by 20% in the past 15 months to 35.7 mtpa, with further growth of another 20% planned by 2028. Moody’s projects that higher sales volumes, margin improvements, and reduced input costs will drive the company’s earnings to around ₹30,000 crore in FY26 and ₹35,000 crore in FY27, up from ₹22,300 crore in FY25.
Moody’s expects India’s steel demand to grow at a 5-7% CAGR until 2030, supported by government-led infrastructure spending, construction activity, and expanding industrial output.
Protective measures, such as the 12% safeguard duty on select steel imports imposed for 200 days from April, underscore the government’s commitment to protecting domestic players.
JSW Steel, India’s largest steel producer, has been scaling up rapidly with a 20% capacity expansion in the last fifteen months and plans for further growth by 2028. Its operational ramp-up and credit outlook upgrade by Moody’s highlight its strong positioning in the domestic and global steel market.
Tata Steel, one of India’s oldest and most diversified steelmakers, continues to strengthen its presence with capacity expansions in India and efficiency improvements in Europe. Backed by cost optimisation strategies and steady demand, the company remains a key player driving India’s steel sector growth while maintaining investor confidence.
Read More: Stocks to Watch on July 09, 2025: Tata Steel, JSW Steel, Union Bank and More.
As of October 3, 2025, at 12:50 PM JSW Steel share price is trading at ₹1,167.70 per share, reflecting a surge of 1.88% from the previous day's closing price. Over the past month, the stock has surged by 8.91%. The stock's 52-week high stands at ₹1,175.80 per share, while its low is ₹880 per share.
The steel sector outlook remains promising with strong demand growth, government protectionist measures, and capacity expansions by major players. Moody’s upgrade of JSW Steel highlights industry confidence, while brokerages maintain positive views on Tata Steel and Jindal Stainless. Rising infrastructure investment ensures long-term momentum for India’s steel industry.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 3, 2025, 2:24 PM IST
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