JSW Steel had acquired BPSL as part of its aggressive expansion plan and invested ₹3,500–4,500 crore post-acquisition to expand capacity from 2.75 MT to 4.5 MT. Plans were in place to raise it ...

BPSL is a key asset for JSW, with its Odisha plant contributing 4.5 million tonnes per annum (MTPA) to JSW's total domestic capacity of 34.2 MTPA.

Apart from new projects, JSW Steel had also planned expansion of BPSL from 4.5 MTPA to 10 MTPA and proposed Paradip plant’s capacity from 13.2 MTPA to 24 MTPA for which an MoU has already been ...

India's top court on Monday halted the liquidation proceedings of Bhushan Power and Steel (BPSL), weeks after it rejected JSW Steel's $2.3 billion deal to acquire the firm.

The Odisha-based BPSL plant, with a capacity of 4.5 million tonnes per annum (MTPA), is a key part of JSW Steel’s domestic operations, which total 34.2 MTPA, the highest in India.

In a big relief for JSW Steel, the Supreme Court on Monday directed for status quo on National Company Law Tribunal (NCLT) proceedings on liquidation of Bhushan Power and Steel Ltd (BPSL), stated ...

As BPSL's capacity expansion and operations gradually stall, JSW is likely to focus on its other investments in Odisha - notably the 5 MT plant it has proposed to set up with POSCO, as well as a ...

Senior advocate Neeraj Kishan Kaul, for JSW, had informed the court that BPSL had an annual turnover of ₹28,000 crore in one year. Its production had increased from 2.5 tonnes to 4.5 tonnes.

JSW Steel shares fell 7% after the Supreme Court rejected its insolvency plan for BPSL, citing violations of the IBC. While JSW may receive its acquisition price, uncertainty looms over ...

At the time of its insolvency admission, BPSL had outstanding liabilities exceeding Rs 45,000 crore. JSW Steel had submitted the highest bid for the company during the resolution process.

JSW Steel USA plans to invest $500 million to build a new factory in the U.S. Combined with a previous announcement that JSW will modernize an existing plant, the Indian-owned company is making a ...

JSW may face a ₹4,000–4,500 crore EBITDA shortfall in FY25. BPSL accounts for over 13% of JSW’s production and 10% of EBITDA. The company may need to write off the entire ₹19,700 crore ...