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 ...

MUMBAI, May 5 (Reuters) - The Indian government has discussed with banks a court order that scrapped JSW Steel's (JSTL.NS), opens new tab four-year-old buyout of Bhushan Power and Steel ...

Sajjan Jindal–controlled JSW Steel, is likely to go for an appeal against the Supreme Court order after the latter rejected the steel major’s ₹19,350 crore bid to acquire Bhushan Power and ...

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 ...

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 a shocking move on Friday, the Supreme Court struck down JSW Steel’s buyout of Bhushan Power & Steel — four years after it was deemed completed — and rejected the company’s Rs197bn ($2 ...

The Supreme Court on Friday set aside a resolution plan submitted by JSW Steel for Bhushan Steel and Power Limited (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code ...

India’s top court Friday rejected JSW Steel Ltd.’s plan to buy a debt-burdened rival, more than four years after the steelmaker announced the acquisition. The Supreme Court said JSW’s plan ...

JSW shares slumped 5.02 per cent intraday to Rs 967.80 on the NSE following the verdict. The company had acquired a majority stake in BPSL in 2021, but the resolution plan backed by a mix of equity ...

NEW DELHI, May 1 (Reuters) - JSW Steel (JSTL.NS), opens new tab, India's largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from Mongolia due to unresponsive suppliers and ...