The strength of businesses is determined not by how well they do in good times, but how well they sustain through periods of uncertainty and challenges.

Looked at from this prism, we at JSW Steel have demonstrated our ability to withstand such challenges and adversities through our performance in FY 2015-16. At JSW Steel, we did not just hold on to our production levels in such a scenario. In fact, we increased our installed capacity to 18 MTPA and reported our highest ever sales in the last quarter. We were not just content with the cost savings that the commodity price softening allowed us. We went a step ahead to achieve further operational efficiencies and enrich our product mix.

The unviability of exports also did not deter us. Instead we focused on growing our domestic sales and aggressively expanding our retail network and achieve higher branded sales. Our commitment to long-term, sustainable value creation stands validated. Thus for JSW Steel, FY 2015-16 was not just a year of staying strong, but also growing stronger.