Brands
JSW Steel lifts Q3 crude steel output 6 per cent
MUMBAI: JSW Steel reported consolidated crude steel production of 7.48 million tonnes in the third quarter of FY26, a 6 per cent rise year-on-year, even as a key blast furnace upgrade constrained capacity utilisation at its Indian operations.
Production slipped 5 per cent sequentially from 7.90 million tonnes in Q2 FY26, largely due to the shutdown of blast furnace 3 at the Vijayanagar plant for capacity expansion. The furnace has been offline since late September 2025 and is expected to be commissioned by the end of Q4 FY26.
Indian operations produced 7.28 million tonnes during the quarter, up 7 per cent year-on-year but lower sequentially. Excluding BF3, capacity utilisation stood at about 93 per cent; including the idled furnace, utilisation fell to 85 per cent. JSW Steel’s Ohio facility in the US contributed 0.20 million tonnes.
For the nine months ended FY26, consolidated crude steel production rose 12 per cent to 22.65 million tonnes, driven by stronger domestic output. Indian operations accounted for 21.97 million tonnes during the period, up from 19.58 million tonnes a year earlier.
JSW Steel currently operates consolidated crude steel capacity of 35.7 million tonnes per annum, including 1.5 MTPA in the US. The company plans to expand capacity to 43.4 MTPA over the next three years, with Vijayanagar remaining its largest single-location facility.
Brands
Origen Realty names Preeti Rai as president- sales & strategy
Veteran hire signals push into Gurugram market with growth ambitions
GURUGRAM: Origen Realty has appointed Preeti Rai as president for sales and strategy, as the company gears up to enter the competitive Gurugram property market.
The move brings in a seasoned industry hand with over two decades of experience across residential and commercial real estate. In her new role, she will lead the company’s sales operations and go-to-market strategy, with a focus on building a strong foothold in Gurugram and driving early momentum.
Origen Realty management said the appointment marks a key milestone in its expansion plans. Origen Realty management said the hire will help sharpen execution and strengthen the company’s sales-led growth strategy as it steps into a new market.
Preeti Rai said, “I look forward to being part of Origen Realty at a pivotal stage in its journey and contributing to building a strong presence in the Gurugram market.”
Before joining Origen Realty, she served as senior vice president for sales and marketing at Elan Group. Her career also includes stints at major developers such as DLF Universal Ltd, Today Homes and Infrastructure, Paras Buildtech Pvt Ltd and Ambience Infrastructure Ltd, where she built expertise across channel sales, leasing, and end-to-end deal execution.
Known for her focus on strategy and team leadership, Rai is expected to play a central role in shaping Origen Realty’s market positioning and sales ecosystem in the region.
As Gurugram’s real estate market continues to attract fresh investments and new entrants, Origen Realty’s latest leadership hire signals its intent to compete with a clear, sales-driven playbook.
