# The Mumbai-headquartered steelmaker pared about ₹30,000 crore of debt in FY26.

*business · news · 2026-05-17 · Livemint*

## Key points

- JSW Steel reduced its debt by ₹30,000 crore in FY26, primarily through the BPSL stake sale.
- The company increased its steel expansion target to 62 mtpa by FY32, up from 50 mtpa by FY30.
- JSW Steel's net debt to Ebitda ratio improved sharply to 1.81 from 3.34 within a year.
- JSW Steel reported a nearly six-fold profit increase, aided by a ₹18,051 crore one-time gain.
- JSW Steel is shifting to fund expansion via internal accruals, minimizing reliance on new debt.

**Companies:** JSW Steel, JFE Steel
**Countries:** India, Australia

[Read the full story on Livemint](https://www.livemint.com/companies/jsw-steel-s-jvs-put-it-on-track-to-be-top-global-steelmakers-outside-china-bpsl-jfe-steel-mines-11779014600655.html)

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