Investor Presentaiton

JINDAL STEEL & POWER JSP has adeptly navigated the challenges brought on by the COVID-19 pandemic One of the highest cash generating producers in the Indian steel industry High Cash Generation Product Mix Primed for Success JSP's product mix is more focused on longs than flats. With limited impact on the government spending committed to India's infra sector, JSP has seen a boom in demand as one of the leading longs producers in the country JSP offered a flexible product mix that catered to its new clientele, and ensured that Flexible Product Mix operations remained JINDAL unaffected across the period STEEL & POWER Decisive Response to COVID-19 Crisis Management was able to swiftly change the book orders to focus on export markets across the MENA, SEA, and China which were able to absorb the products Nimble Management & New Channel of Sales Minimal Disruptions to Operations Despite Lockdown Strict compliance with Government regulations resulted in minimal impact on production An "Essential" government designation coupled with a shift to export markets led to minimal disruption to operations - in fact, sales increased during the period Best ever performance in terms of EBITDA achieved during COVID. FY21 the best year ever despite the devastating COVID impact 29 29

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