Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Investor Presentation

October 23, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, E x c h a n g e P l a z a , 5 t h F l o o r, 1st Floor, New Trading Ring, P l o t N o . C / 1 , G B l o c k Rotunda Building, P J Towers, B a n d r a - K u r l a C o m p l e x , Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai-400051 corp.relations@bseindia.com cmlist@nse.co.in Scrip Code: 532286 S ymbol: JINDALSTEL Dear Sir/Madam Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Investor Presentation Please find enclosed herewith Q2FY27 Earnings Presentation. We have uploaded the same on the website of the Company at www.jindalsteel.in. This is for your information and records. Thanking you. Yours faithfully, For Jindal Steel Limited (formerly known as Jindal Steel & Power Limited) Damodar Mittal Wholetime Director Encl.: as above Jindal Steel Ltd. (erstwhile Jindal Steel & Power Ltd.) Q2FY27 Earnings Presentation 23rd Oct 2026 Safe Harbour Statement This presentation may contain certain forward looking statements concerning steel sector, economy and Jindal Steel Limited future business prospects and profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. We do not undertake to update our forward-looking statements. This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Jindal Steel or any of it’s subsidiary undertakings or any other invitation or inducement to engage in investment activities, neither shall this presentation nor the fact of it’s distribution form the basis of, or be relied on in connection with, any contract or investment decision. Few numbers in this presentation are purely indicative & provisional and could change later. Estimates regarding economy, steel & power sector, company and related areas are purely indicative and could change with market conditions and host of other factors. © 2026 Jindal Steel. All rights reserved. Jindal Steel – Building a Nation of our Dreams Growth Focussed Strong Financials Sustainability Driven Industry 4.0 & AI • Scaling up world-class, integrated • Best in class balance sheet • World's first and largest coal • Enterprise AI Transformation — steel production capacity gasification plant for steel-making Company wide rollout to lift • Most diversified product portfolio productivity, throughput, and margin • Innovative, value-added products • Adding Renewable power in our • Industry leading EBITDA per tonne to support our dream of Viksit journey to Net Zero • Enterprise Intelligence Layer — • Strong liquidity of INR 7,237 cr Bharat AI is being embedded across key • 192 km eco-friendly slurry pipeline • Net Debt/EBITDA at 1.51x functions supporting decision making • High performance, people and and 10 km Coal pipe conveyor customer-centric culture • Exchequer contribution at over 3x • Computer Vision & Predictive AI — • Positively impacting 14.6 million+ PAT AI-based predictive models, digital lives twins and video analytics Slide 3 © 2026 Jindal Steel. All rights reserved. World class assets – Built across an integrated value chain Iron Ore Iron Making Liquid Steel Finished Steel 13.61 17.02 15.60 13.75 MTPA MTPA MTPA MTPA 13.25 15.02 10.61 10.42 9.60 7.25 MTPA MTPA MTPA MTPA Iron-ore^ Flats Direct Reduce Iron (DRI) Steel Melting Shop (SMS) 3.11 MTPA 7.5 MTPA 3 MTPA# 2.5 3.0 MTPA Tensa Kasia Roida - I 3.12 MTPA 5.12 MTPA 9.60 MTPA 15.60 MTPA# Plate Mill 6.0 MTPA# 1.2 MTPA# Hot Strip Mill Cold Roll Mill Coal Longs Blast Furnace (BF) 4 MTPA# 3.37 MTPA# 8 MTPA@ Gare Palma IV/6 Utkal C Utkal B1 & B2 1.0 MTPA 2.40 MTPA 7.30 MTPA 11.90 MTPA# RUBM Bar Rod Mill 5 MTPA 1.2 MTPA Mozambique South Africa 0.75 MTPA 0.6 MTPA Special Profiling Mill Wire Rod Mill Expansion # Commissioned @ Utkal B1 (5.5 MTPA) commissioned ^Excludes Thakurani-A1 iron ore block awarded to Jindal Steel in Mar’26; resources of ~50 mn tonnes *Excludes Saradhapur Jalatap East coal block (partially explored) awarded to Jindal Steel in Mar’25; geological resources of 3.25 bn tonnes Slide 4 © 2026 Jindal Steel. All rights reserved. Consolidated performance highlights – Q2FY27 INR 19,448 cr 2,504 cr INR 771 cr ilh Gross Revenue Adjusted EBITDA Profit after Tax f 2.40 MT 2.38 MT 1.51x Production Sales Net Debt to EBITDA Other key highlights • 18 MTPA Iron ore Slurry pipeline commissioned • Guinness World Record for the world’s longest 1.85 km steel slag road • Strategic partnership with IIT Hyderabad to establish Centre of Excellence • World Steel Association’s 2026 Steelie Award for “Excellence in People” for the Dakshata safety initiative Note Gross revenue includes GST and Other income Adjusted EBITDA is after considering FX gain/loss Slide 5 © 2026 Jindal Steel. All rights reserved. Jindal Steel Sets a Guinness World Record Jindal Steel has been awarded the t Guinness World Record for the world’s longest road ilh built exclusively with processed steel slag, ih developed in collaboration with CSIR–CRRI* in Raigarh. P 1.85 Road length The road shows how circularity can move beyond the plant to everyday infrastructure. *CSIR - Council of Scientific and Industrial Research; CRRI - Central Road Research Institute Slide 6 © 2026 Jindal Steel. All rights reserved. Global steel demand outlook - India leads growth through CY27 World China India d p 1,780 0% 2% 3% 800 -2% -1% 0% 195 8% 8% 8% 12% y 1,755 r t -2% s 165 u 1,730 750 -10% 0% I 1,705 4 2 7 ,1 2 2 7 ,1 2 5 7 ,1 -7% 725 6 9 7 0 8 7 2 7 7 -15% 1 15 350 0 6 1 2 7 1 6 8 1 -6% 1,680 -12% 700 -20% 120 -12% CY25 CY26E CY27E CY25 CY26E CY27E CY25 CY26E CY27E Steel Demand (MT) Demand Growth (YoY%) Steel Demand (MT) Demand Growth (YoY%) Steel Demand (MT) Demand Growth (YoY%) USA EU & UK Japan 96 2% 2% 2% 5% 155 5% 10% 52 1% 2% 5% 94 150 3% 5% 0% 0% 50 -3% 0% 145 0% 90 -5% 48 -5% 140 -5% 86 19 3 9 4 9 -10% 135 7 4 6 4 15 -10% 46 8 4 8 4 9 4 -10% 1 1 1 84 -15% 130 -15% 44 -15% CY25 CY26E CY27E CY25 CY26E CY27E CY25 CY26E CY27E Steel Demand (MT) Demand Growth (YoY%) Steel Demand (MT) Demand Growth (YoY%) Steel Demand (MT) Demand Growth (YoY%) Strong domestic momentum positions India as the fastest growing major steel market Source: World Steel Association - Short Range Outlook Oct 2026 Slide 7 © 2026 Jindal Steel. All rights reserved. India steel scenario – Q2FY27 Crude Steel Production (mt) Finished Steel Production (mt) Finished Steel Consumption (mt) a +3% d +4% +8% u y r +3% 82.5 85.1 +3% 78.7 81.8 +7% 78.9 84.9 s u +2% +2% +4% I 41.6 42.1 43.0 40.0 40.6 41.2 40.5 41.6 43.4 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 • Finished steel production stood at 41.2 MT in Finished Steel Exports (mt) Finished Steel Imports (mt) Q2FY27, while finished steel consumption was +24% 43.4 MT. +26% +22% 4.1 • India drew down approximately 2 MT of 3.5 +6% 3.3 finished steel inventory during Q2FY27, +23% 2.8 +1% supporting the higher level of consumption. 2.0 2.0 2.1 2.1 1.6 1.6 • India remained a net finished steel importer in Q2FY27, w [Showing first 8,000 characters — download PDF for full document]