#1Corporate Presentation October 2023 255 JSW Steel JSW Athletes from Inspire Institute of Sport shine with 17 Medals at the Asian Games#2Forward Looking and Cautionary Statement JŚW SW Steel Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risk and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition within Steel industry including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, our ability to commission mines within contemplated time and costs, our ability to raise the finance within time and cost client concentration, restrictions on immigration, our ability to manage our internal operations, reduced demand for steel, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which the Company has made strategic investments, withdrawal of fiscal/governmental incentives, impact of regulatory measures, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the company. JSW Steel Corporate Presentation: October 2023 2#3Agenda JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 4 7 13 37 41 3#4Agenda JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 4#5Sustainability at JSW Steel ESG Focus Areas JSW Steel Driving Sustainability Initiatives Across Platforms CDP DISCLOSURE INSIGHT ACTION A LIST 2022 CLIMATE Sustainability CHAMPION worldsteel 2023 WE SUPPORT UN GLOBAL 337 COMPACT Environment Social 甚 Climate Energy Resources change Indigenous Cultural Employee people heritage wellbeing T TCFD Water resources Waste Waste Water Local considerations Social sustainability Air emissions Biodiversity Sustainable Governance CLIMATE GROUP EV100+ mining Supply chain sustainability Business ethics Human rights SW Steel TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES IH2A INDIA HYDROGEN ALLIANCE wbcsd Integrated Reporting Responsible Steel standards certification Aligned to National & International IFC International Finance Corporation WORLD BANK GROUP ISO Creating Markets, Creating Opportunities ON BUSINESS Frameworks OECD SUSTAINABLE DEVELOPMENT UNITED NATIONS GOALS GUIDING PRINCIPLES & HUMAN RIGHTS NATIONAL GUIDELINES ON RESPONSIBLE BUSINESS CONDUCT A FUTURE SHAPED BY STEEL GROWING INNOVATIVE SUSTAINABLE ESG Databook FY 2023 A FUTURE SHAPED BY STEEL FY 2023 Governance & Oversight By Board-level Business Responsibility And Sustainability Committee JSW Steel Corporate Presentation: October 2023 5#6SW Steel Climate Change: Emission Target and Initiatives Planned/ Potential initiatives to reduce CO2 intensity Derivation of carbon emission target for 2030 3.0 Energy Transition from thermal to Renewable in steel making 2.5 | 2.0 Reduction of Coke rate through iron ore beneficiation, PCI, use of natural gas and hydrogen in BF and DRI 1.5 Increased use of scrap in steel making 1.0 India NDC target 2.40 as per Paris Accord 1.95 JSW Steel target 2016 2017 2018 2019 2020 2021 2022 2023 2025 2030 2035 2040 2045 2050 JSW emissions intensity (historical) JSW emissions intensity (projected) IEA SDS scenario for Indian steel Implementation of Best Available Technologies (BATS) Process Improvements based on the world steel 'step up' global benchmarking process Scaling up Carbon Capture & Use (CCU) The Sustainable Development Scenario (SDS) (1) requires direct emission intensity of crude steel production in India to fall over 60% by 2050 on the path to net zero by 2070 • The 2030 target is based on following the trajectory needed to reach a derived emissions intensity of 1.17 tCO2/tcs by 2050 (2) India's Nationally Determined Contribution (NDC) as per Paris Accord for 2030 is 2.4 tCO2/tcs JSW Steel Corporate Presentation: October 2023 Note: 1: Based on the International Energy Agency's (IEA) Iron and Steel Technology Roadmap, published in 2020 2: Taking account of both the direct (Scope-1) and indirect energy (Scope-2) emissions 6#7Agenda JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 7#8JSW Group: Key Verticals JSW Steel • India's largest steel producer •Capacity of 29.7 mtpa, growing to 38.5 mtpa by FY25 • Targeting 50mtpa capacity by FY31 . • Listed on NSE, BSE. Market Cap of US$ 22.Obn JSW Energy • Capacity of 6.8 GW (Hydro, Renewable and Thermal) • Growing to 20 GW by 2030 along with 40 GWh/5GW of Energy Storage capacity • Listed on NSE, BSE. Market Cap of US$ 7.2bn JSW PAINTS •Capacity of 160,000 klpa •State-of-the-art plants in Karnataka and Maharashtra • Targeting 800,000 klpa capacity by FY30 SW Steel SW Infrastructure •Second largest Port & Terminal operator in India with capacity of 158 mtpa Recently listed on NSE, BSE. Current market Cap of US$4.2bn JSW Cement • Capacity of 18.6 mtpa, growing to 25 mtpa •World's #1 Eco friendly cement company • Targeting 50mtpa capacity by FY30 JSW Foundation • Social development arm of the Group, with footprint across 11 states and 15 districts • Reaching out to +1 mn individuals around the operating locations SW Sports High Performance Training centre at Vijayanagar and 4 satellite centres - trained Olympic medal winners • Champion teams: Delhi Capitals, Bengaluru FC and Haryana Steelers JSW Ventures Early-stage institutional venture capital fund investing in technology-led startups at pre-series A and series A stages JSW Steel Corporate Presentation: October 2023 Market cap as on 25th October 2023 8#9JSW Steel: Among India's Leading Steel Manufacturers One of the leading steel players in India • Most geographically diversified steel company in India Sustainability and Governance at the core of the enterprise Diversified product portfolio • Extensive product portfolio Hot-rolled, cold-rolled & coated products, tinplate, electrical steel, bars & rods, wire rod, plates, AHSS, LRPC, rails, grinding balls, etc. Technological competence • Combination of state-of-the-art steel making technologies: Corex, DRI, Conarc, Blast Furnace, BOF JSW Steel Corporate Presentation: October 2023 7 SW Steel • Integrated manufacturing process From raw material processing plants to downstream value-added product capacities Strong institutional & retail network and export presence Strong presence in B2B across all sectors • Global presence International presence in Steel • making (US), Value-added facilities (US, Italy) • Export footprint in over c.100 countries across 5 continents 9#10Transformational Growth and Value Creation India Capacity (mtpa) CAGR FY02-23: 15% Total Revenue (000's Cr) CAGR FY02-23:24% 1.6 7.8 18.0 18.0 18.0 27.0 27.7 28.2 19.5 1.7 85.0 80.4 73.9 167.0 147.9 87.4 4.2 0.3 SW Steel EBITDA (*000's Cr) CAGR FY02-23: 22% 39.0 20.1 19.0 18.5 14.9 11.9 FY02 FY10 FY19 FY20 FY21 FY22 FY23 Current FY02 FY10 FY19 FY20 FY21 FY22 FY23 H1 FY24 FY02 FY10 FY19 FY20 FY21 FY22 FY23 H1 FY24 Market cap (Cr) 1,84,150 TSR CAGR (FY 2002-23): 29% 194 10 year Total Shareholder Return i 26% i 31-Mar-02 JSW Steel Corporate Presentation: October 2023 Current 10 year TSR JSW Steel Peer 1 Peer 2 Peer 3 Market Cap and Total Shareholder Returns (TSR) as per Bloomberg, 25th October 2023. Peers are the major listed Indian steel producers. 10 10#11Strategic Priorities to Create Shared and Sustainable Value JSW Steel JSW Mainstreaming sustainability across the business Strategic growth with efficient capital allocation Cost leadership through resource Enhance value- Being future ready through technology-led transformation Strong financial profile and credit ratings optimisation and added product portfolio with innovation and R&D and digitalisation improved raw material security JSW Steel Corporate Presentation: October 2023 Creating Value for all Stakeholders 11#12. • Healthy Outlook on Strong Domestic Steel Demand Resilient operating and financial performance Expect strong steel demand in H2 FY24 JSW Steel Strong outlook for India Sales volume up 18% YoY in H1 FY24 on higher capacities and robust domestic demand Healthy share of VASP in H1, at 61% of sales India EBITDA/t for Q1 benefited from spill over export orders at higher realisations while lower raw material prices and better product mix aided Q2 performance Overseas entities reported strong EBITDA in Q1 but were muted in Q2 due to market conditions • Domestic steel price hikes of Aug- Oct to flow through in Q3, while coking coal and iron ore costs will be higher India steel demand in FY24 expected to grow at healthy double digit rate JSW Steel targets 10% sales volume growth to 25mt in FY24 through expanded capacities • • . • Govt.'s infrastructure drive, manufacturing, energy transition and consumption spurring domestic steel demand Green shoots visible in rural economy High capacity utilization and deleveraged balance sheets provide scope for private sector capex Strong interest by global investors and corporates to participate in the long-term India growth story H1 FY24 JSW Steel Corporate Presentation: October 2023 H2 & FY24 Medium Term Outlook 12#13Agenda KONECRANES JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 13#14JSW Steel: Key Investment Highlights 1 Size, Scale & Growth Efficiency Product Mix ESG JSW Steel Leading steel producer in India with plans to expand domestic capacity to 37mtpa by FY25 and to 50mtpa by FY31 Lowest cost of conversion in India, one of the lowest globally. Strong domestic iron ore linkage Strong margins further enhanced by significant downstream capacities producing value added and special products Sustainability at the core of the enterprise. Actively pursuing climate change agenda 5 Governance & Management Track Record of Growth 7 Shareholder Value Strong board and experienced management team Track record of efficient organic and inorganic growth & Partnerships: India capacity growth of 15% CAGR (FY02-FY23) Prudent capital allocation: TSR CAGR of 29% (FY02-FY23), and uninterrupted dividends 8 Balance Sheet Strength Strong balance sheet and access to diversified funding sources globally JSW Steel Corporate Presentation: October 2023 TSR: Total Shareholder Return 14 14#151 Leading and Most Geographically Diversified Steel Producer in India SW Steel Rajpura Bawal Kalmeshwar Plate & Coil Mill, Anjar Khopoli Vasind & Tarapur Dolvi: 10 mtpa Vijayanagar: 12.5 mtpa Salem: 1 mtpa - JSW Steel Corporate Presentation: October 2023 India International BPSL Chandigarh Piombino, Italy BPSL Kolkata Europe USA BPSL Jharsuguda: 3.5 mtpa Raigarh: 0.95 mtpa Ohio: 1.5 mtpa Raipur: 0.25 mtpa → Indore Plate & Pipe Mill, Baytown Steel Plants JSW Steel's ownership in Bhushan Power and Steel Ltd (BPSL) is 83.3% w.e.f. 1st Oct 2021. Downstream facilities 15#161 Strong Fundamentals for India Steel Demand India Steel: Strong Fundamentals (mt) Crude Steel Crude Steel Finished Steel Significant room for growth in steel consumption in India Government Capex (INR tn)² O China, 646 JSW Steel Healthy Steel Demand Outlook in India Production-Linked Incentive Scheme¹ 10.0 Capacity Production Demand Govt. incentive > *2 tn 161 126 120 300 FY23 FY31E Finished steel consumption (kg per capita, 2022) O 7.3 5.9 4.3 3.1 3.4 717 Applications approved Across 14 Sectors Japan, 444 US, 279 World, • 222 FY19A FY20A FY21A FY22A FY23RE FY24BE Estimated Capex *3 tn Govt. thrust on infra, housing and increasing share of mfg. in GDP Productive investments like PLI scheme and defence indigenisation to drive capex • Robust demand from auto, residential real estate and energy transition India to remain competitive exporter of steel and steel products India, 87 • JSW has industry-leading volume growth accompanied by strong value added product basket to meet rising domestic demand JSW is best placed Indian steel producer to benefit from strong domestic demand growth JSW Steel Corporate Presentation: October 2023 Source: Ministry of Steel, World Steel Association (WSA), India per capita is for FY23 as per JPC, Ministry of Steel, JSW estimate 1: Economic Survey 2022-23; 2: A- Actual, RE- Revised Estimate, BE- Budgeted Estimate 16#171 Aligned to India's Growth Story 28.2 Near-term growth to take JSW Steel India capacity to 37mt; potential to scale up to 50mt by end of decade Vijayanagar 1.5 5.0 1.2 3.5 23.5 0.3 BPSL 37.0 2.0 1.5 5.0 30.5 FY25E FY25E Current FY24E Approved Capex JSW Steel Corporate Presentation: October 2023 JISPL 13.0 50.0 FY31E Future Potential SW Steel Pathway to 50mtpa Organic Growth Options • Brownfield growth potential of ~5mt at each of Vijayanagar, Dolvi and BPSL • Greenfield growth in Odisha . Greenfield EAF at Kadapa, Andhra Pradesh Inorganic Growth • Selectively explore value-accretive acquisitions Value Added and Special Products Maintain >50% share of VASP in total sales 17#182 One of the Lowest Costs of Conversion Globally Resilient business model based on continued focus on cost leadership SW Steel WSD Aggregate Ranking¹ Leading position on global conversion cost curve - Conversion cost of c. $149/tonne in FY23 Technology, analytics and innovation continue to be the key levers to further optimize cost and operational efficiencies # 5 ranked in Asia Ui:0; $ Implementation of cost reduction projects targeting overall cost savings and reduced dependencies, such as: Pellet plant and coke oven facilities at Vijayanagar and Dolvi Utilisation of pipe conveyor system for transporting iron ore fines in Karnataka; setting up slurry pipeline in Odisha Larger blast furnace of 5mtpa for economies of scale JSW Steel Corporate Presentation: October 2023 # 8 ranked Globally 1: On the basis of weighted average score out of 10, across 23 different parameters from World Steel Dynamics' World-Class Steelmaker Rankings as of December 2022 18#192 Strong Domestic Iron Ore Linkage 13 operational captive iron ore mines ensuring raw material supply Karnataka - 9 mines 236 MnT of aggregate reserves c.24km long conveyor belt for seamless transport of iron ore to Vijayanagar plant Steel Plants Mines JV and Associates- Steel Plant • Odisha -4 mines 1,105 MnT of aggregate reserves JSW Steel Corporate Presentation: October 2023 IBM: Indian Bureau of Mines SW Steel • . • Raw material security Operating 9 mines in Karnataka and 4 mines in Odisha Won 3 mines in Karnataka, 2 in Goa and 2 exploration blocks in Maharashtra through auction mechanism recently which would be commissioned over time Advantages of Captive iron ore mines o Strategic long term iron ore security o Consistent grades to enhance BF productivity o Opportunity to optimize and significantly reduce logistics cost over time Cost of captive iron ore comprises • • Bid premium based on prevailing domestic prices declared by IBM Royalties & other statutory levies Mining & logistics costs Strengthening Mining Operations in Odisha Mining projects in progress: - Grinding and washing facilities to improve the quality of the ore, aiding higher productivity at the steel-making operations Implement digitalization across the mining operations - Slurry pipeline in Odisha to reduce logistic costs - Pellet plant in Odisha to improve RM feed 19#20Flats Longs 3 • Steel Products for Diverse Applications • Key Products • Roads • Bridges HR Plates, • Coils & Sheets . • HRPO • • CRCA Electrical Steel GI/GL/GA • Zn-Mg • PPGI/PPGL Tinplate Alloy Steels Wire Rods LRPC TMT Bars Infra & Construction Consumer Durables SW Steel Pipes & Tubes Buildings (Resi. & Commercial) Metro & other Urban Infra Airports High Speed Rail Renewables (Wind+Solar) Power Sector Roofing Solutions Refrigerators Air Conditioners Home Appliances Tinplate for Packaging Oil & Non-Oil Cans Aerosols Battery Casings Paint Containers Bottle Caps Oil & Gas (API grade) Industrial Applications Agriculture General Engineering Railways & Defence Automotive Alternators Motors Compressors Pumps • Fans • Generators • Inverters Yellow Goods Hopper & Headstock in Wagons Roof of Railway Locomotive Cargo Containers Shell Casings (Defence) JSW Steel Corporate Presentation: October 2023 Outer skin panels • Connecting Rod • • Axle Shafts • A&B Pillars Cross Beams Suspensions & Chassis Bumper Cross Member • Seat Rails • Seat Belt Tongue Door Impact Beams 20 20#213 Strong focus on building brands and increasing value added sales JSW Everglow Advanced Roofing Technology Super premium, colour coated coils & sheets, with a 20 year warranty Colour Coated Galvalume/Zn-Mg JSW Colouron+ Premium Colour Coated Roofing Sheets SW Pragati+ Colour Coated Sheets JSW Radiance Superior Quality Colour Coated Sheets & Coils SW Silveron+ Premium Al-Zn Sheets JSW Galvos Premium GALVALUME® Coil & Sheets JSW Magsure Superior Zn-Mg-Al Alloy Coated Steel JSW Vishwas+ Premium Al-Zn Sheets JSW Steel Corporate Presentation: October 2023 • • • • • • • Premium colour coated coils & sheets, with a 15 year warranty 3 variants - Cool Roof, Anti Dust & High Gloss SW Steel High quality Al-Zn alloy & colour coated roofing sheets with anti-corrosion technology and 7 year warranty Superior colour coated sheets for OEM customers, upto 20 year warranty 6 variants - Anti Microbial, Anti Graffiti, Anti Dust, Anti Statics, Cool Roof and High Gloss • Premium category Al-Zn coated roofing sheets & coils with 7 year warranty Al-Zn coated coils and sheets designed for complete requirement of solar structures (purlin, rafter, bracers, etc.) Al-Zn-Mg coated galvanized steel that offers 5x better protection than Gl against moderate to aggressive corrosive environments, upto 25 year warranty Desired weight as per customer requirements Corrosion protection and enhanced durability 21#223 Strong focus on building brands and increasing value added sales Other Brands Galvanised Tinplate JSW Platina Superior Quality Tinplate SW Galveco Lead-Free Galvanised Steel JSW Vishwas Premium GC Sheets JSW Neosteel Pure TMT Bars JSW Trusteel Premium Hot Rolled Sheets SWAvante Smart Steel Doors JSW Kalinga Trusted Quality ERW Pipes • • Tinplate coils and sheets with high strength and formability, used in food and non-food packaging SW Steel • Galvanized steel that is lead free, suited for consumer durable sector with high safety and non-hazardous material needs Premium GC (galvanized corrugated) sheet with high durability Greenpro certified TMT bars. Manufactured through primary production process to ensure purity & superior quality Unique rib pattern that provides best bonding with cement • Cut-to-Length HR sheets available in wide variety of sizes and grades • Steel doors designed to overcome the common issues associated with wooden doors like seasonal door jams, fire, termites and heavy-handed installation . ERW and superior quality GP pipes and tubes with wide range of applications JSW Steel offers branded products across all customer segments JSW Steel Corporate Presentation: October 2023 22#233 Strong focus on building brands and increasing value added sales SW Steel Strong distribution reach across India Presence in around 17,000 retail stores across more than 530 districts in India • Strong distribution channel of 2,336 points o 1,886 Branded Stores 。 687 JSW Shoppe spread across urban areas o 1,199 JSW Shoppe Connect in semi-urban and rural areas o 450 distributors Enrollment of partners in JSW Privelege Club crossed 82,000 count JSW Coated obtains EPD's for 14 products 'EPDⓇ THE INTERNATIONAL EPD SYSTEM Environmental Product Declarations (EPD) for 14 coated steel products obtained in Q2 FY24 • All JSW Steel products are now EPD certified JSW Steel's branded Products SW Platina Superior Quality Tinplate Coll & Sheets JSW Platina JSW Colouron+ JSW Steel's share of Value Added products 54% 58% 60% 53% 48% 52% 57% 61% JSW Steel Corporate Presentation: October 2023 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Value Added and Special Products Other Products 23#243 JSW Magsure: Superior Zn-Mg-Al Alloy Coated Steel Solar Structures ANN Solar Trackers JSW Steel Corporate Presentation: October 2023 JŚW SW Steel • • JSW Steel has developed a new coated product for Solar applications, that offers up to 4x corrosion resistance than conventional Galvanised or Galvalume coated steel sheets 1st company in India to produce Zn-Mg-Al Coated Steel; applied for patent • Currently, 100% of the Zn-Mg-Al coated steel products used in India are imported Key features of the product: • • • • Environment-friendly JSW Magsure o Lower carbon footprint; lead and arsenic free Superior Zn-Mg-Al Alloy Coated Steel 4x corrosion resistance vs. conventional coated products o Ideal for C4-high and C5 environmental conditions (coastal areas) Higher scratch resistance o Provides higher throughput and lower production costs Higher chemical resistance ○ Adaptable to various weather conditions 24#253 Contributing to India's High Speed Rail Journey • . • Supplying Steel to Mumbai Ahmedabad Bullet Train Project Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor is the first of the twelve lines planned by the government. It will cover more than 500 km in 2 hours and 58 minutes with a maximum speed of 320 km/hr JSW Steel is supplying high strength TMT Bars, HR Plates & LRPC for the MAHSR project and has become one of the preferred and leading suppliers, with more than 50% share of steel supplied The next bullet train project between Varanasi and Delhi of approx. 865 km is undergoing feasibility study, social impact surveys, assessments, and utility identification Steel Usage in the Mumbai-Ahmedabad Bullet Train¹ . This will be the highest steel consuming infra project in India till date Estimated steel consumption at ~2.5 million tonnes Shinkansen E5 series JSW Steel گر MAHSR Viaduct at Anand District, Gujarat JSW Steel Corporate Presentation: October 2023 Image source: JR East & NHSRCL. LRPC - Low Relaxation Prestressed Concrete Strands. 1: JSW Steel estimates 25#264 Our Commitments: No harm to People, Environment & Society OAD "8 SEARCHIN Climate Change & Renewable Energy CO₂ SW Steel Circularity & Biodiversity Water Security Air Emissions 42% reduction of CO2 to 1.95tCO2e/tcs by FY30, aligned with Paris Agreement Carbon Neutral at JSW Steel Coated Products by FY30 Increased use of scrap in steelmaking Adoption of disruptive technologies (Green H₂, CCUS, etc.) in a progressive manner Transition from thermal to renewable energy 19% reduction in Specific Energy consumption to 5.65 Gcal/tcs by FY30 Reduction of fossil fuel use in iron making by improving ore quality Energy efficiency and process efficiency improvements through BATS JSW Steel Corporate Presentation: October 2023 Promoting Circular Economy Focus on 'Zero waste to Landfill' Enhance Biodiversity at all our operations 'No net loss' of Biodiversity by FY30 Increase green cover across operations Maintaing zero liquid discharge across operations 39% reduction in Specific water consumption by FY30 Targeting Specific Water Consumption (steel production) of 2.21 m3/tcs by FY30 Installing technology for reducing fresh water in cooling towers Adopting digitalisation for better water control and monitoring 70% reduction of specific process dust emission to 0.26 kg/tcs by FY30 SOx and NOx emission targets of 0.82kg/tcs and 0.91 kg/tcs, respectively by FY30 Adoption of best available technologies like MEROS in sintering, Oven Pressure Control technology and CDQ in Coke Plants, TRT's in BF, etc. Target reduction for CO2 emissions, specific energy consumption, specific water consumption, specific process dust emissions, SOx and NOx 26 emissions by 2030 is from baseline 2005 levels#274 Building a Strong Health & Safety Culture JSW Steel's Vision 000 Safety Experience Centre at Dolvi Zero major incidents I Zero injury Zero harm Confed Space Experiance LTIFR 0.43 0.36 0.32 0.32 0.26 0.20 0.10 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 JSW Steel Corporate Presentation: October 2023 Ex Confined Space Experience Centre Hot Work Experience Module (Welding & Cutting) SW Steel • Safety Initiatives & Recognitions Capability Building Initiatives Established a Safety Experience Center with both indoor and outdoor facilities at Dolvi Plant - aims to provide employees and contractor workmen with a hands-on safety learning experience Competency Framework for Safety Professionals developed with support of British Safety Council Recognitions Vijayanagar plant expansion project received "Unnatha Suraksha Puraskara" from National Safety Council Dolvi plant honored with the prestigious "Platinum Award" at the 5th ICC¹ National Occupational Health & Safety Awards 2023 Salem plant received "Gold Award" at the 5th ICC¹ National Occupational Health & Safety Awards 2023 Note: All figures are for JSW Steel's integrated steel plants at JSW Steel standalone excluding JISPL. 1: ICC: Indian Chamber of Commerce 27#284 Our Commitment to Society Key Intervention Areas Health & Nutrition Water, Environment & Sanitation ** Agriculture Education Waste Skill Management Development Art, Culture Sports & Heritage JSW Steel Corporate Presentation: October 2023 + Health and Nutrition TB Mukt Panchayat meetings आरोग्य व आयुक्तालय महाराष्ट्र राज्य JSW Steel JSW Foundation joins the program . for Tuberculosis-free villages: 'TB-Mukt Panchayat' Focus on early detection, treatment, community participation and awareness Partnered with Gol TB Division, Govt. of Maharashtra, Tata Trusts' India Health Fund and Union for South East Asia 3 States 1,000 Villages 3mn people to be reached 28#294 17 medals from IIS at Asian Games GOLD SILVER BRONZE 485 • Inspire Institute of Sports (IIS) IIS is a state-of-the-art High Performance Centre in India and has satellite centres in Hisar, Odisha, Himachal Pradesh and Manipur 300 athletes across 5 Olympic sports: Boxing, Wrestling, Athletics, Judo, Swimming IIS aims to be the preferred home of present and future champions, helping them achieve the Indian Olympic dream Main Centre at Vijayanagar JSW Steel Corporate Presentation: October 2023 IIS website SW Steel Aquatic Centre in Odisha 29#304 Environmental Performance Specific Energy Consumption (Gcal/tonne) GHG Emission Intensity (tCO2/tcs) 6.56 6.38 6.04 5.77 5.66 SW Steel Specific Freshwater Consumption (m³/tcs) 2.60 2.52 2.49 2.50 2.48 2.36 2.46 2.45 2.45 2.41 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 0.98 Dust Emissions (kg/tcs) 0.48 0.49 0.42 0.39 1.88 1.36 SOX & NOx SOx (kg/tcs) ■NOx (kg/tcs) 2.05 1.90 1.52 1.69 1.69 92.67 1.26 1.19 1.19 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 Waste Utilization (%) 100.00 99.76 99.77 III FY21 FY22 FY23 H1 FY24 JSW Steel Corporate Presentation: October 2023 Note: All nos. are weighted averages for JSW Steel's integrated steel plants at JSW Steel standalone excluding JISPL. 30#315 Strong Board and Experienced Management Team Chairperson - Emeritus Chairman and MD Savitri Devi Jindal Sajjan Jindal Executive Directors Jayant Acharya Joint Managing Director & CEO Seturaman Mahalingam CA, Ex-CFO of TCS, Ex member of Tax Admin. Reform Commission JSW Steel Corporate Presentation: October 2023 Gajraj Singh Rathore Whole-Time Director & COO Independent Directors Haigreve Khaitan Senior Partner at M/s. Khaitan & Co Nirupama Rao 40 years of experience as a diplomat, Ex-Foreign Secretary of India Ms. Fiona Jane Mary Paulus 37 years of experience in resources and energy investment banking, risk mgmt. Dr. M.R. Ravi, IAS Nominee Director of KSIIDC Nominee Directors Marcel Fasswald Former COO & CTO of SMS Group, Germany Hiroyuki Ogawa Nominee Director of JFE Steel Corporation JŚW SW Steel 31#326 Proven Track Record of Organic & Inorganic Growth and Partnerships SW Steel Combination of organic and inorganic growth 2002-2005 2006 2007 2009 2010 2011-2012 • Capacity expanded from Capacity increased to • Capacity 1.6 mtpa to 2.5 mtpa 4.8 mtpa increased to • • SISCO(1) . Color coating line • Euro Ikon 1.0 mtpa CRM - 3.8 mtpa Plate and pipe mill US • 2017 2016 74% stake in Praxair's(3) industrial gases JV(4) Won 6 Iron Ore mines in Karnataka 2018 Capacity increased to 18 mtpa Won Moitra coking coal mine in Jharkhand 2019-2020 2015 Capacity increased 7.8 mtpa • CRM-2 Phase 2 • 0.2 mtpa electrical steel mill 2021 • 3.5 mtpa (HSM-2) JSW-JFE strategic partnership 2014 • 49.3% stake in Ispat industries • HSM-2 capacity expansion to 5 mtpa 2013 New CRM-2 - Phase I • 14.3 mtpa • 4 mtpa- Pellet Plant (2) capacity post • Ispat merger 1 mtpa- Coke Oven(2) Welspun Maxsteel, Salav 50% stake in Vallabh Tinplate 2022 2023-2024 • EAF-based steel plant . Won 3 Iron in Ohio, US Ore mines in Karnataka • • Aferpi Steel, Italy • • Minority stake in Monnet Ispat Won 4 Iron Ore mines in Odisha Acquisition of Asian Colour Coated (c.1mt downstream capacity) Acquired 49% in BPSL through IBC process, steel making capacity of 2.75 mtpa in Odisha • . Increased stake in BPSL to 83.3% w.e.f. 1st October Dolvi 5 mtpa expansion commenced operations • Acquired Plate & Coil Mill Division of Welspun Corp in Anjar, Gujarat JSW Steel Corporate Presentation: October 2023 Note: Blue text indicates acquisitions; Years above refer to financial years ending March Expanded BPSL capacity from 2.75mtpa to 3.5mtpa Merger of JSW Ispat Special Products with JSW Steel Acquired National Steel Announced JV with JFE for CRGO Steel 1: Southern Iron and Steel Company 2: Amba River Coke Ltd. 3: Praxair India Pvt. Ltd. 4: JSW Praxair Oxygen Pvt. Ltd. Consol. Capacity Of 29.7 MTPA 32#336 Proven Track Record of Organic & Inorganic Growth and Partnerships SW Steel Partnership overview • • ●JFE JSW-JFE partnership 14.99% minority stake bought by JFE in 2010 Announced JV in 2023 for setting up a CRGO steel plant in India Access to cutting edge technologies Operational excellence for cost reduction Technology agreements benefits: ✓ Faster penetration into the growing Auto Industry Technical know-how for electrical steel manufacturing ✓ Short learning curve Application engineering New product development EVI (Early Vendor Involvement) activities Benchmarking and personnel training • • Severfield JV with Severfield UK Plc JSW Severfield Structures Limited (JSSL) is a 50:50 JV with Severfield Plc, UK, the largest steel fabricator in UK, since 2009 with a production capacity of over 150ktpa This partnership makes JSSL one of the leading companies in India to offer complete Structural Steel Building Solutions Comprehensive expertise in Project Management, Design, Fabrication and Erection, in the development of complex engineering solutions Commissioned multiple projects across India and overseas MARUBENI ITOCHU STEEL Other benefits: Improvement in quality, productivity, yield, energy efficiency ✓ Sharing best maintenance, environment and safety practices ✓ Benchmarking, training and talent sharing ✓ Standardization of processes JSW Steel Corporate Presentation: October 2023 • JV with Marubeni-Itochu Steel JSW MI Steel Service Center Pvt Ltd is a 50:50 JV with Marubeni Itochu Steel since 2011 JV has steel service centres in strategic steel consuming regions across North, West and South India and is further expanding footprint JV provides efficient and reliable just-in-time solutions to key industries such as automotive, general engineering, pipe & tubes, white goods, infrastructure and construction 33#347 Prudent Capital Allocation: Strong Financial Growth Strong track record of volume growth JSW Steel Track record of Total Revenues (* 000's Cr) 167.0 12.56 15.80 16.27 16.69 16.06 15.08 18.96 23.62 12.38 147.9 21.86 17.69 14.68 15.55 15.60 14.90 14.95 12.25 85.0 80.4 11.66 73.4 73.9 60.7 46.2 87.4 FY16 FY17 FY18 15.4% FY19 FY20 FY21 FY22 FY23 H1 FY24 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Crude steel production (mt) 1 Consolidated saleable steel sales (mt)¹ Robust EBITDA Margin through the cycle 21.9% 20.6% 22.4% 16.2% 25.2% 26.6% 11.2% 19.0 20.1 14.8 12.2 11.9 6.4 FY16 FY17 FY18 FY19 EBITDA (000's Cr) 39.0 17.2% Cashflow from Operations ( 000's Cr) 20.8 17.3 13.8 13.9 18.5 14.9 7.1 7.6 FY20 FY21 FY22 FY23 H1 FY24 EBITDA margin (%) JSW Steel Corporate Presentation: October 2023 31.6 24.0 5.5 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Note: FY18 numbers based on restated financials. 1: Production and Consolidated Sales Volume comprises JSW Steel Indian operations and excludes JV's. BPSL has been included since H2 FY22 as it became a sub from 1st Oct 2021. JISPL has been included from 1st Aug' 23 following the merger with JSW Steel. Previous periods have not been restated. Sales volumes are after netting-off inter-company transactions. 34#357 Prudent Capital Allocation: 10 Year TSR CAGR of 26%, and Uninterrupted Dividends ROCE 29.8% Uninterrupted Dividends (*/share) JŚW SW Steel 6.3% FY16 19.6% 19.5% 16.4% 14.8% 9.6% 7.6% 20.0 15.0 10.0 14.7% 5.0 0.0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Market cap (Cr) 1,84,150 TSR CAGR (FY 2002-23): 29% 194 31-Mar-02 JSW Steel Corporate Presentation: October 2023 FY11 FY12 FY17 3.4 3 3 3 3 3 3 Dividend Policy of paying out 15-20% of Consol. Net Profit¹ 10 year Total Shareholder Return 1 26% Current JSW Steel 10 year TSR Peer 1 Peer 2 Peer 3 Value-accretive growth through economic cycles Market Cap and Total Shareholder Returns (TSR) as per Bloomberg as of 25th October 2023. Peers are the major listed Indian steel producers. 1: Link to JSW Steel Dividend Distribution Policy 35#36Debt Profile and Credit Ratings Net Gearing (ND/Equity) within the stated cap of 1.75x Leverage (ND/EBITDA) within the stated cap of 3.75x 4.50x 1.75x 1.48x 1.34x 3.75x 1.17x 0.89x 0.92x 2.40x 0.83x 2.61x 1.45x الاگر SW Steel Diversified Funding Sources 3.20x 2.52x Foreign currency debt 57% INR debt, 43% Loans and others, 59% FY19 FY20 FY21 FY22 FY23 Q2 FY24 FY19 FY20 FY21 FY22 FY23 Q2 FY24 Strong Liquidity and Credit Ratings • Cash and Cash Equivalents of 11,101 crore Credit Ratings: Debt Profile • . International: Moody's: Ba1 (Stable Outlook) and Fitch: BB (Stable Outlook) Domestic: ICRA: AA (Stable Outlook), IndRa: AA (Stable Outlook), CARE: AA (Stable Outlook) Access to diverse pools of liquidity. Strong relationships with domestic and international banks and financial institutions Net Gearing and Leverage within stated caps of 1.75x and 3.75x, respectively Successfully raised US$3.69bn through global bond markets since 2014 . Issued global steel industry's first USD Sustainability Linked Bond in September 2021 JSW Steel Corporate Presentation: October 2023 Note: Net Debt/EBITDA on LTM basis Bonds and debentures, 41% 36#37Agenda JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 37#38Digitalization: Strategy, Execution and Impact Wave 4 and Digital Vision-2026* Expand and scale Digital to best-in-class: Sales & Marketing Manufacturing & Mining (O&M, Quality) Sustainability, Safety and Security Supply Chain Management Human Resources Finance Wave 3 (2019-22): Expanding the art of possible to E2E plant Digitalisation and other functions End-to-End Transformation Projects Sampark: Digital Logistics Management System •Advanced Planning & Scheduling (APS) ⚫ Samarth: Financial Transformation • Unmanned and automated cranes for coil handling Bulk Raw Material Supply Chain Digitalization Guiding Principles • Value Lens | Continuous Learning Quantification and regular monitoring of digital projects' value Special focus on Safety and Sustainability projects DigiTall program with multi-tier learning approach SW Steel Democratize Digitalization • Low investment and • quick ROI projects at plant level Short, well-defined sprints as per "Agile" • Fail-fast and Learn-fast approach • Promote Horizontal and Vertical deployment Wave 2 (2018-19): Digitalisation of procurement - E2E Digitalisation of single mfg shop - Digital in large project management Wave 1 (2017-18): Accelerated implementation of select use cases across value chain JSW Steel Corporate Presentation: October 2023 *Rolling 3 year Digital strategy 30 Flagship Digital Strategic Projects digitall> DIGITAL EDUCATION FORALL 9,000 Hours of Digital Training planned for FY24 150+ Digital projects planned for FY24 38#39JSW Steel's Digital Focus Areas Finance Additional Focus Mining Supply Chain Safety, Security, Governance Primary Focus Human Resources Sustainability led R&D Manufacturing Cultural Transformation Sales and Marketing Integrated Control Tower |||| Automation, Integration and BEZE Intelligence End-to-End Functional Transformation Focus JSW Steel Corporate Presentation: October 2023 Anticipated Impact SW Steel Increased Sales Cost Optimisation Asset Availability CO₂ Emissions Reduction Safety Enhancement WOW! Great Place To Work (GPTW) Future-ready Digital Workforce 39#40Democratizing Digitalisation: Projects implemented JSW Coated - Tarapur Yard Management System and Defect Monitoring System to enhance coil tracking, worker efficiency and quality compliance Dolvi SMS Predictive Maintenance to enhance equipment reliability, reduce downtime for slow-speed and variable-drive machines Karnataka Mines Digital transformation of safety and health management systems for data-driven risk mitigation, regulatory compliance and worker safety JSW Steel Corporate Presentation: October 2023 BUIBE Contral Famel PROCESIME Performanco System SW Steel Odisha Mines Fuel Management System for lower fuel consumption, costs and better sustainability Sales & Marketing - Digital Kshitij (Digital & Analytics Program) launched dashboards for primary sales, secondary sales, inventory etc. App implementation for LRPC, HRC and Coated products within Aikyam vertical Vijayanagar Sinter Plant Improved Bulk Raw Material handling and safety using remote operations and thermal imaging 40#41Agenda "BetterEveryday JSW Steel Corporate Presentation: October 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 41 41#42Global Steel Crude Steel Production - Jan-Aug (mt) Jan-Aug CY21 Jan-Aug CY22 Jan-Aug CY23 +0.2% +2.6% 737 695 713 China -2.8% 559 544 World ex-China 1,254 1,321 World 1,256 HRC Prices US$/t Steel Demand (mt) ■CY22 ■CY23F (Apr 23) CY23F (Oct 23) CY24F (Oct 23) SW Steel China Steel Production and Export (mt) 150 +1.8% China Crude Steel Production (LHS) ■Exports (RHS) 10 8 100 +2.0% +1.6% 1,783 1,822 1,815 1,849 6 50 50 4 921 939 939 939 862 883 875 910 2 0 0 China World ex-China World Sep-21 Mar-23 Mar-22 Sep-22 Sep-23 Raw Material Prices (US$/t) Black Sea FOB China FOB Iron Ore 62% Fe HCC Premium LV FOB Aus. (RHS) HCC CFR China (RHS) N.America ExW N.Europe ExW 2,300 250 1,900 600 1,500 200 400 1,100 150 200 700 100 300 50 0 Oct-20 Apr-21 Oct-21 Apr-22 Oct-22 Apr-23 Oct-23 Oct-20 Apr-21 Oct-21 Apr-22 Oct-22 Apr-23 Oct-23 Divergence in trend of steel prices and raw materials unlikely to sustain JSW Steel Corporate Presentation: October 2023 Source: World Steel Association (WSA); Bloomberg, Platts 42 42#43Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Indian Steel Production and Consumption (mt) Q2 FY23 ■Q1 FY24 ■Q2 FY24 +15.9% +16.1% YoY YOY 34.81 34.85 32.80 31.19 30.0 28.30 Crude Steel Production Apparent Steel Consumption Apparent Steel Consumption (mt) and YoY Growth Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Steel Imports (mt) Finished Semis Q2 FY23 Q1 FY24 Q2 FY24 2.33 1.83 1.58 1.54 +16.1% 0.33 1.80 0.28 -40.9% 0.18 QoQ QoQ 0.15 0.39 1.37 0.19 +19.0% 2.05 1.39 1.40 1.50 YoY 1.41 -23.7% YoY 1.19 % YoY Change 1.50 1.03 Exports 0.92 0.80 1.00 6.3 14.2 16.7 12.0 12.0 15.4 20.7 8.8 14.5 15.5 9.7 10.7 20.4 15.8 14.5 17.9 0.67 0.66 0.65 0.54 0.41 0.43 0.48 0.61 0.53 0.62 11.38 11.14 11.16 9.18 9.60 9.47 10.19 9.82 10.41 10.10 10.64 10.45 10.63 11.00 11.17 0.50 0.22 0.59 8.68 0.00 1.00 0.49 0.50 0.58 0.69 0.68 0.88 0.77 0.00 0.48 0.71 0.52 0.55 0.48 0.55 0.66 Imports 0.71 0.46 Jul-23 Robust domestic demand and weak global markets made India a net steel importer in Q2 JSW Steel Corporate Presentation: October 2023 Source: Joint Plant Committee Aug-23 Sep-23 Monthly Steel Exports (mt) and Imports (mt) JSW Steel Steel Exports (mt) ■Finished Semis Q2 FY23 Q1 FY24 Q2 FY24 43 43 Jul-22 Aug-22- Sep-22 Oct-22- Nov-22 - Dec-22 Jan-23- Feb-23- Mar-23 Apr-23- May-23 Jun-23- Jul-23 - Aug-23 Sep-23-#44Q2 FY24 Production & Sales and FY24 Guidance In million metric tonnes JŚW SW Steel Particulars Crude Steel Production Crude Steel Sales Sales Production Q2 FY24 Q2 FY23 Consolidated India Operations 6.20 6.18 5.57 5.63 USA Ohio Operations 0.14 0.16 0.08 0.11 JSW Steel Consolidated Operations 6.34 6.34 5.66 5.74 JSW Ispat Special Products Ltd. (JISPL) 1 0.07 0.06 0.03 0.03 Total Combined Volumes 6.41 6.39 5.68 5.77 H1 FY24 H1 FY23 Consolidated India Operations 12.38 11.66 11.19 9.96 USA Ohio Operations 0.38 0.39 0.24 0.26 JSW Steel Consolidated Operations 12.76 12.05 11.43 10.23 JSW Ispat Special Products Ltd. (JISPL) 1 0.26 0.23 0.13 0.16 Total Combined Volumes 13.02 12.27 11.56 10.38 Guidance Crude Steel Production Sales FY24 India Operations incl. Joint Control JSW Steel USA Ohio 25.50 24.20 Total Combined Volumes 0.84 26.34 0.80 25.00 JSW Steel Corporate Presentation: October 2023 Following the completion of JISPL merger with JSW Steel, volumes for JISPL have been included from 1st Aug'23 in India operations. Previous periods have not been restated. 1: JISPL numbers for Q2 FY24 pertain to July. 44#45Key Project Updates - Vijayanagar 5mtpa Brownfield Project • Constrution activities for all packages underway • • • Refractory erection underway for BF package One Convertor erection completed at Steel Melt Shop Equipment erection underway at Hot Strip Mill • Project to be completed by end of FY24 Coke Oven Plant • . 1.5 mtpa Coke Oven fully completed with commissioning of Battery B (0.75 mtpa) in August 2023. Battery A commissioned in FY23 Capacity enhancement of further 1.5 mtpa to support the 5 mtpa steel making expansion. Phased commissioning from Q1 FY25 JSW Steel Corporate Presentation: October 2023 JSW Steel Converter vessel erected at SMS Top Recovery Turbine erection at BF 45#46Key Project Updates - BPSL & Downstream Phase-II Expansion from 3.5 to 5 MTPA • SMS-2 expansion expected to be commissioned in Q3 FY24 . Civil, Structural & Equipment Erection work in progress for Wire Rod Mill-2, Lime Calcination Plant-6 Project expected to be completed by the end of FY24 Downstream Projects • 0.12 MTPA Colour Coating line in Jammu & Kashmir: o Civil work at site and equipment erection in progress o To be completed by FY24 JSW Steel Corporate Presentation: October 2023 JŚW SW Steel BPSL SMS-2 46 46#47Case study: Turnaround Strategy at JSW Ispat's Dolvi plant SW Steel JSW Steel has a proven track record of identifying, acquiring and integrating assets creating synergies and optimizing costs December 2010 • Plant under maintenance • Loss making at EBITDA level ⚫ High interest cost ⚫ Financially distressed Completed initiatives - FY2011-2015 • Infusion of equity • Alignment of marketing strategies resulting in freight synergies and VAT benefits Reduction of high cost working capital funding ⚫ Refinancing of existing debt ⚫ Electricity sourcing from JSW Energy at competitive prices Commissioning of 4 mtpa pellet plant, 1 mtpa coke oven, waste gas based 55MW power plant, railway siding, and lime calcination plant FY2016-2017 ⚫ Capacity expanded to 5 mtpa • Diversified product offering from Flat steel only to mix of Flat and Long steel FY2018-2022 ⚫ Capacity increased to 10 mtpa from 5 mtpa • Major facilities setup include: о 4.5 mtpa Blast furnace with 5 mtpa Steel Melt Shop 5 mtpa Hot Strip Mill Inability to service existing debt I I - Inadequate cashflows Exit from CDR Stabilized/ramped-up the expanded I I - Corporate debt restructuring (CDR) Generating positive profit after tax capacity I - Integrated Steel production commenced I case Able to leverage an acquisition to maximum value accretion through application of knowledge and experience JSW Steel Corporate Presentation: October 2023 47#48Recent Awards & Recognitions GOLDEN PLACOCE WINNER AWARD Golden Peacock Award 2023 for Innovative product/service - JSW Steel Vijayanagar BRITISH SAFETY COUNCIL Sword of Honour 2022 Winner JSW Salem - won the Sword of Honour award from British Safety Council BRITISH SAFETY COUNCIL Five Star Occupational Health and Safety Audit 2022 Dolvi JSW Works recognized with 5-star Safety rating from British Safety Council SW Steel CDP DISCLOSURE INSIGHT ACTION A LIST 2022 CLIMATE One of the only 3 steel companies globally to achieve CDP A Leadership rating Best Indian Brands 2023 Sustainability CHAMPION worldsteel 2023 JSW Steel recognized as steel sustainability champion 2023 for the 5th consecutive time in a row AVTAR The Prof seramount amir Ca 100 BEST HALL OF FAME BEST COMPANIES FOR WOMEN INDIA 2023 Recognised as one of 100 best companies for Women in India THE JSW GROUP BECOMES THE FASTEST GROWING BRAND OVER THE LAST 10 YEARS Inter brand releases Best Indian Brands. 2023 Report JSW has gained 323in value and is today valid at NR 7406 Bilan It has CD up èpices in the bague table of the Top 50 Best Brands in JSW becomes fastest growing brand in India over the last 10 years Interbrand DX 2023 CII DX Award 2023 won by Vijayanagar for digital transformation JSW Steel Corporate Presentation: October 2023 47#49Our Steel is Helping Build Key Infrastructure in India SW Steel Solar Project: Contributed 2.3 GW Wind Project: Contributed 1.4 GW High Speed Rail (Mumbai-Ahmedabad Bullet Train) Project 994 Km of Railway Freight Corridors (Mumbai-Haryana WDFC & Ludhiana-West Bengal EDFC) Metro Projects: 57 km of Metro project lines (Mumbai, Pune, Nagpur, Bengaluru, Ahmedabad, Chennai, Indore, Kochi & Delhi) Expressways and Highways: 1,001 Km Roads & 169 Km Bridges across major projects Airports: Navi Mumbai Water Pipelines: 1,703 km of water pipelines across major projects Oil & Gas Pipelines: 607 km of pipelines across major projects Nuclear Power Plants: Contributed 1.6 咸 GW for Kudamkulam, Tarapur, Kakrapar Power Projects JSW Steel Corporate Presentation: October 2023 High Speed Rail image from JR East & NHSRCL 49 49#50BETTER EVERYDAY THANK YOU Investor Relations Contact: [email protected] JSW Steel