JINDAL STEEL LIMITED

rs,

G Block 1st Floor, New Trading Ring, Bandra-Kurla Complex, Bandra (E), Rotunda Building, P J Towers, Mumbai-400051 Dalal Street, Fort, Mumbai – 400 001 cmlist@nse.co.in corp.relations@bseindia.com

0.66x

t India’s infrastructure creation High performance, customer-centric culture Net Debt/EBITDA at 0.66x Expansion programme to boost FCF Targeting Net Debt / EBITDA < 1.50x across commodity cycle W

1.50x

ulture Net Debt/EBITDA at 0.66x Expansion programme to boost FCF Targeting Net Debt / EBITDA < 1.50x across commodity cycle World's first and largest coal gasification plant for steel- making 200

2.5 million

gasification plant for steel- making 200 km eco-friendly slurry pipeline Positively impacting 2.5 million lives Company Snapshot Macro and Sectoral Update Business Update Social Initiatives 3QFY23 Res

67%

t a d p U l a r o t c e S d n a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4

21%

p U l a r o t c e S d n a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.

4%

l a r o t c e S d n a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 E

51%

r o t c e S d n a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 Eurozon

68%

c e S d n a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 Eurozone Chi

41%

a o r c a M World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 Eurozone China India

74%

World Economic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 Eurozone China India 2021 2022

38%

nomic Outlook Global GDP Growth Rate (%) -67% -21% -4% -51% -68% 5.9 -41% 5.9 -74% 5.3 -38% 8.1 59% 8.7 6.9 6.6 -100% 3.3 0.0 4.3 2.7 Eurozone China India 2021 2022 2023 (E)

Expansion

2

Coal

1

Coal

Tensa 3.11 MTPA Kasia 7.5 MTPA Utkal-C 3.37 MTPA Utkal-B1 & B2 8 MTPA Gare Palma IV/6 4 MTPA Mozambique 5 MTPA South Africa 1.2 MTPA Australia 1.2 MTPA Iron Making (10.42 MTPA) Liquid Steel (9.60 MTPA) Finished Steel (6.65 MTPA) Direct Reduce Iron (DRI) 3.12 MTPA Steel Melting Shop (SMS) 9.60 MTPA Wire Rod Mill (WRM) 0.60 MTPA Blast Furnace (BF) 7.30 MTPA Rail Mill 0.75 MTPA Beam & Structure Mill (BSM) 0.70 MTPA Plate Mill 2.20 MTPA Bar Rod Mill (BRM) 2.40 MTPA Raigarh (Chhattisgarh) BF 3.05 MTPA DRI 1.32 MTPA SMS 3.6MTPA Plate Mill 1.00 MTPA Rail Mill 0.75 MTPA BSM 0.70 MTPA CPP 824 MW Angul (Odisha) CGP 225,000 Nm3/Hr BF 4.25 MTPA DRI 1.8 MTPA SMS 6 MTPA BRM 1.4 MTPA Plate Mill 1.2 MTPA CPP 810 MW CPP- 1050 MW# Barbil (Odisha) Pellet Plant 9 MTPA Patratu (Jharkhand) WRM 0.60 MTPA BRM 1.0 MTPA Power Hot Metal Liquid Steel Finished Steel • CMDPA for all three Coal Mines was signed on August 17, 2022 • (#) Acquired 1050MW thermal power plant under construction in slump sale under IBC Ji

Expansion

₹ 15,900Cr. Jindal Steel & Power FY22 FY23 FY24 FY25 Angul Pellet Plant #1: 6MTPA HSM Phase #1: 3MTPA Angul Pellet Plant #2: 6MTPA Slurry Pipeline Oxygen plant, Coke oven , RMHS HSM Phase #2 Expand to 5.5 MTPA Blast Furnace #2: 4.25 MTPA Angul BOF #2 : 3.3 MTPA CPP:1050 MW * Angul EAF #2 : 3 MTPA TSCR : 3 MTPA DRI #2: 2.7 MTPA Expected COD 4QFY23 2QFY24 2QFY24 2QFY24 2QFY24 2QFY24 3QFY24 3QFY24 2QFY25 4QFY25 4QFY25 4QFY25 FINISHED STEEL CAPACITY Past (FY11) Present 25% 3.9 MTPA 15% 19% 25% 25% 33% 36% 6.65 MTPA 9% 11% 11% Future (FY25) 16% 4% 5% 4% 15% 15.15 MTPA 56% BRM BSM RAIL MILL WRM PLATES BRM BSM RAIL MILL WRM PLATES BRM BSM RAIL MILL WRM PLATES HSM+TSCR | DRI- Direct Reduced Iron | BF- Blast Furnace | WRM- Wire rod mill | BSM- Beam & structure mill | BRM- Bar rod mill (rebar) | HSM- Hot Strip Mill | TSCR – Thin Slab Caster & Rolling | * Acquired 1050MW thermal power plant under construction in slump sale under IBC. 17 Diversified Products & Customer Partnerships Innovating to M