JSW Steel Ltd IND AA+ with a stable outlook

India Ratings & Research upgraded JSW Steel and its non-convertible debentures to IND AA+ with a stable outlook, citing improved financial metrics, better interest coverage and a stronger liquidity profile. Operationally, JSW Steel reported 24.65 lakh tonnes of consolidated crude steel production in August 2026, up 3% YoY, with Indian operations running at about 88% capacity utilisation. The stock has been in focus after hitting a fresh 52-week high around ₹1,341 in late August and gaining roughly 8% over the past month; it was trading around ₹1,325 on September 5, with a day range of ₹1,300.1–₹1,331.7 and a market capitalisation of about ₹3.23 trillion. India Ratings upgrade to AA+, a 3% year-on-year rise in August crude-steel production, and its stock trading near 52-week highs after a strong monthly rally.