Moody's Upgrades JSW Steel Outlook: Positive Growth Trajectory

In a significant development, Moody's Ratings has upgraded its outlook on JSW Steel and its US-based entity Periama Holdings LLC from stable to positive. This shift underscores JSW Steel's robust expansion efforts, solidifying its status as India's leading steel producer, as per Moody's analyst Hui Ting Sim.

The outlook revision springs from JSW Steel's expanded operating scale, fueled by recent project completions driving higher earnings. Moody's also cited the company's financial discipline in its ambitious growth plans and effective debt management strategies.

JSW Steel has multiplied its production capacity considerably, aiming to fulfill India's burgeoning steel demand. With India being the world's second-largest steel market, the demand is projected to grow consistently, driven by infrastructure and industrial advancements, promising a bright future for JSW Steel.

(With inputs from agencies.)