JSW Steel’s ambitious cost optimisation plans hit a roadblock as it will have to rework its strategy in Odisha after the Supreme Court order to liquidate Bhushan Steel and Power Ltd (BPSL ...

With the Supreme Court rejecting the ₹19,350-crore Resolution Plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL), banks are staring at a hit to their balance sheet. Bankers’ fear that if ...

In 2019, JSW Steel won the bid to acquire Bhushan Power & Steel under the IBC for a little less than ₹20,000 crore. Later, in a letter to BPSL employees, Jindal had said, "Your contribution will ...

Sajjan Jindal-led JSW Steel, the country’s biggest steel producer, has also said it will review the order. The bankrupt BPSL had been acquired by JSW Steel, nearly five years ago, via the ...

JSW Steel may be forced to write off its ₹19,700 crore investment in Bhushan Power & Steel Ltd (BPSL), after the Supreme Court declared the 2021 acquisition illegal and ordered the company into ...