Investor Presentaiton

JINDAL STEEL & POWER Major projects' timeline Angul Phase II: Disciplined capex approach over next 5 years FY22 Angul Pellet Plant #1: 6MTPA FY23 Angul Pellet Plant #2: 6MTPA Slurry Pipeline HSM Phase #1: 3MTPA HSM Phase #2 Expand to 5.5 MTPA FY24 & onwards Expected COD Sep 22 Sep 23 Sep 23 Feb 23 Sep 23 Blast Furnace #2: 4.25 MTPA Dec 23 Angul BOF #2: 3.3 MTPA Dec 23 DRI #2: 2.7 MTPA Angul EAF #2 : 3 MTPA Feb 25 Feb 25 Oxygen plant, Coke oven, RMHS Sep 23 Margin Expansion Projects (Total capex: USD 888 mn) Capacity Expansion Projects (Total capex: USD 1,532 mn) Expansion Capex (USD Mn) 322 FY22 (P) 632 578 551 FY23 (P) FY24 (P) FY25 (P) 336 FY26 (P) & FY27 (P) U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021. On the back of strong cash flows, JSP Group has announced a round of growth capex to propel its steel capacity from 9.6MT to 15.9MT (+66%) through brownfield expansion ■The 6.3MT expansion is proposed at a modest capex of c. US$400/t, among the lowest in the industry, driven by its Blast Furnace and Electric Arc Furnace ■The expansion also includes investment in cost saving projects like pellet plant, slurry pipeline, etc. The projects, which are expected to increase steel capacity by 66% and pellet by 133%, will be commissioned in a modular fashion from Sep 2022 to Feb 2025, thereby largely self-funding the cash flow needed for the capex 24 21

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