9NOVEMBER 2026JSW Steel Q2 results for FY27 show a sharp rise in profitability and revenue. The company reported a 225.3 percent year-on-year (YoY) increase in consolidated net profit attributable to owners. Net profit reached Rs 5,279 crore in the second quarter, compared with Rs 1,623 crore in the same period last year. Revenue from operations rose 20.7 percent to Rs 54,486 crore from Rs 45,152 crore in Q2FY26. Total income also increased 20.9 percent to Rs 54,927 crore, compared with Rs 45,436 crore a year earlier.The company's earnings per share (EPS) reflected the strong growth in profitability. Basic EPS climbed to Rs 21.63 during the quarter from Rs 6.66 in the corresponding period last year, marking a 224.8 percent YoY increase. The quarterly performance also included record crude steel production and steel sales. JSW Steel reported its highest-ever quarterly crude steel production of 7.07 million tonnes. Steel sales reached a new quarterly high of 7.27 million tonnes. Surat, known for its sarees and synthetic fabrics, is expanding into specialized defense fabrics. The shift reflects the city's changing textile industry and India's push to strengthen domestic manufacturing. Companies are adding high-performance textiles to their traditional product lines, creating new opportunities for industrial growth. The Laxmipati Group is among the companies manufacturing and processing specialized fabrics for defense applications.According to Amit Mittal of the group, fabrics that were once imported are now being produced in India. This shift is helping meet domestic demand while creating employment opportunities. Mittal said the company currently caters to India's domestic consumption needs. It also plans to explore export opportunities in the future. He highlighted the role of government support in helping the sector develop and expand. Jindal Stainless Limited (JSL) reported strong Q2 results for the quarter ended September 30, 2026, with net revenue rising 18.2 percent year-on-year to Rs 12,874 crore. Profit after tax increased 11.1 percent to Rs 898 crore, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 1,433 crore. The company's consolidated net debt was Rs 3,121 crore, with a net debt-to-equity ratio of 0.15 times.The performance marked a recovery from first-quarter operational disruptions caused by geopolitical developments and limited industrial gas availability. Compared with the previous quarter, sales volumes increased 14.4 percent, while net revenue grew 14.1 percent. Jindal Stainless benefited from demand for value-added products and growth in the automotive and ornamental pipe and tube segments. Its stainless steel plates and ferritic grades also gained acceptance in international markets, particularly for white goods, lifts, and elevators. JSW STEEL Q2 RESULTS: NET PROFIT JUMPS 225%, REVENUE RISES 21%SURAT'S TEXTILE INDUSTRY BETS ON TECHNICAL TEXTILES AND DEFENSE FABRICJINDAL STAINLESS Q2 RESULTS: PROFIT RISES 11.1% TO RS 898 CROREPassenger train manufacturing in India could enter a new phase as Jupiter Wagons Limited partners with Poland's PESA Bydgoszcz to explore local production of locomotives and passenger rail vehicles. The agreement, signed during the Poland-India Economic Forum in New Delhi on October 22, 2026, establishes a framework for technology transfer, joint manufacturing and railway component production.It also opens the possibility of collaboration on hydrogen-powered vehicles and railway decarbonisation. The development adds to Jupiter Wagons' product range, but it also shows how working with international technology partners can help Indian manufacturers build expertise in advanced rolling stock to meet the nation's growing mobility requirements. JUPITER-PESA DEAL TARGETS PASSENGER TRAIN MANUFACTURING IN INDIAon imported coking coal. The country imported 66.33 million tons in FY26, while domestic washed coking coal production stood at 5.93 million tons, according to government data.
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