General Updates

October 15, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, 1st Exchange Plaza, 5th Floor, Floor, New Trading Ring, Rotunda Plot No. C/1, G Block Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 corp.relations@bseindia.com cmlist@nse.co.in Scrip Code: 532286 Symbol: JINDALSTEL Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Commencement of Commercial Operation by Jindal Paradip Port Limited, a subsidiary company Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Jindal Paradip Port Limited, a subsidiary of the Company, has commenced commercial operations of its Phase I capacity of 12.5 MTPA with effect from October 15, 2026. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 are provided in the Annexure hereto. This is for your information and record. Thanking you. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Whole-time Director ANNEXURE Sr. No. Particulars Details 1. Existing capacity Nil 2. Existing capacity utilization Nil 3. Proposed capacity addition 12.5 MTPA 4. Period within which the proposed capacity Jindal Paradip Port Limited (JPPL) is to be added entered in Concession Agreement with Paradip Port Authority (PPA) for development of Western Dock on BOT basis at Paradip Port, Odisha with a Capacity of 25 MTPA (under 2 phases). As per the Concession Agreement, COD for Phase –I (12.5 MTPA) to be achieved by 1095 days from date of award of concession i.e. by 16th October 2026. JPPL obtained completion certificate for Phase – I of the project under concession agreement on 12th October 2026 ahead of Scheduled Completion date. 5. Investment required Both the Phases are progressing simultaneously. The total project cost is Rs. 3,393 Cr for both the phases out of which Jindal Steel Limited has invested equity of Rs. 258.25 Cr only. 6. Mode of financing Debt / Equity from Banks and FIs/ Promoters 7. Rationale Commenced operations in a subsidiary which has investment from the Company to secure dedicated long term access to port