| Iron & Steel | Integrated steel manufacturing including flat and long products, value-added steel solutions. | Backward integration with captive mines, leading R&D, specialized steel grades, and diversified product portfolio. | B2B primarily serving construction, automotive, engineering and infrastructure sectors. | Value-added steel products like rails, high-strength plates, and specialized coils. | 49382 | 88 | Sales of steel products to industrial, construction, and infrastructure sectors. | Market-driven pricing with some long-term contracts, focus on volume and value addition. | Rising domestic infrastructure demand, capacity expansions, product innovations, and export opportunities. | TMT Bars, Plates, Coils, Rails, Beams, Wire Rods |
| Power | Power generation primarily to support steel operations and sale of surplus power. | Integrated captive power plants reduce operational costs and improve energy security. | Internal consumption and regional power distribution companies (B2B). | Captive plants supplying steel plants, reducing power costs significantly. | 4185 | 7 | Power sales to group steel plants and external customers under power purchase agreements. | Long-term PPAs and spot market sales; captive consumption reduces cost volatility. | Capacity commissioning at Angul, long-term coal linkage, and growing power demand. | Captive Thermal Power Plants at Raigarh, Angul, Dongamahua |
| Others | Coal and iron ore mining, steel forging, logistics support and other ancillary services. | Resource ownership, geographic diversity of mines, and integration with steelmaking. | Steel plants, external mining customers, B2B industrial clients. | High-quality coking coal mining and specialized forging products. | 1285 | 5 | Sale of mined coal and minerals, forging services, logistics charges. | Commodity pricing with export and domestic contracts; service charges on logistics. | Expanding mining output, strategic acquisitions, enhancing supply chain efficiency. | Mining Assets in Australia, Mozambique, South Africa; Steel Forging Plants; Logistics |
