Page 5 - Jsw Steel

JSW Steel seeks ₹19,300 cr refund after SC cancels BPSL acquisition

Earlier this month, the Supreme Court cancelled JSW Steel's 2019 acquisition of BPSL, saying there were several non-compliances. The court also ordered that BPSL should be liquidated

Q4 results today: JSW Steel, Ashok Leyland, Glenmark Pharma on May 23

Q4 FY25 company results today: Reliance Infrastructure, Afcons and Narayana Hrudayalaya will be among 202 companies to post earnings reports for the January-March quarter

Metal stocks in focus: What should investors do amid global uncertainty?

Metal stocks in focus: Tata Steel, JSW Steel, Vedanta among top metal sector bets by analysts

ECB filings hit 72-month high of $11.04 bn in March, shows RBI data

External commercial borrowing proposals reached a 72-month high of $11.04 billion in March 2025, with full-year filings touching $61.18 billion, RBI data showed

JSW One Platforms raises Rs 340 cr from Principal Asset Management, others

JSW One Platforms, the B2B e-commerce division of the JSW Group, on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp. The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms' valuation catapulted to USD 1 billion making it enter the coveted unicorn club. The valuation has jumped by over three times since the last round of funding in April 2023, a company statement said, adding that it had then raised Rs 205 crore from Japan's Mitsui & Co. The newly raised capital will strengthen the national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and Non-Banking Financial Company (NBFC) arms, and enable wider access to credit for Micro, Small, and Medium Enterprises (MSME), it said. "We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to ...

Why India's nine-year-old insolvency law has bankers going bald with worry

A third of the bankruptcies admitted by the tribunals have gone for liquidation, while three-quarters of the cases still open in December had exceeded the prescribed 270-day mark for resolution

BPSL case: JSW Steel likely to cite NCLT 2019 order in SC review plea

JSW Steel and lenders will move the Supreme Court after its verdict struck down the BPSL resolution plan, citing lack of Form H and equity infusion in the structure

Ex-promoter of Bhushan Power moves NCLT to enforce SC's liquidation order

Top court has rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after takeover was completed

SC's Bhushan Power and Steel ruling: Review petition may flag 'errors'

According to a source aware of the developments, it appears that the court did not consider infusion of money by JSW in the form of compulsory convertible debenture towards equity infusion

SC's reversal of $2.3 billion steel deal casts shadow on bankruptcy law

Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms

CoC to meet on JSW-Bhushan case in 3 days: PNB MD & CEO Ashok Chandra

The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders

PSU banks trade mixed post SC verdict on JSW Steel; should you buy the dip?

State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday

JSW Steel to file review petition in SC on Bhushan Power & Steel resolution

Govt begins consultations after SC rejects JSW Steel's Rs 19,350 crore resolution plan for Bhushan Power and orders liquidation under IBC provisions

SC ruling on BPSL likely to have adverse bearing on JSW Steel's financials

The Supreme Court ruling against JSW Steel's resolution plan for BPSL take over is likely to have an adverse bearing on the financials of the Sajjan Jindal-led steel major which may witness a 13 per drop in revenues, ratings firm CreditSights said on Tuesday. JSW Steel may also lose its competitiveness along India's mineral-rich east coast, where BPSL's steel plant is located, the FitchSolutions company said in a report. CreditSights said it views that the loss of BPSL as modestly credit negative for JSW (Steel). Last week on Friday, the Supreme Court set aside a resolution plan submitted by JSW Steel for BSPL, holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC). A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma criticised the conduct of all key stakeholders in the resolution process -- the resolution professional, the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT) -- for enabling what it termed a "flagrant .

Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju

The DFS is assessing the Supreme Court's Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank's 61 per cent stake sale will conclude in 2025

SC flags RP's failures in Bhushan Power and Steel's insolvency plan

Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel's plan illegal and urging greater due diligence under IBC

JSW Steel may need to rework Odisha plan after SC order on BPSL: Analysts

JSW Steel's ambitious cost optimization 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), according to a BigMint report. Last week on Friday, the Supreme Court 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 (IBC). In its analysis report, BigMint said, "BPSL's strategic importance was in its location in the eastern part of India where JSW Steel had taken up considerable iron ore mining assets. The company's Netrabandha iron ore mine in Odisha, expected to commence production in Q1FY26 with an estimated capacity of 2 MT per annum, could have resulted in significant cost optimization of BPSL's operations.". Besides JSW Steel has Narayanposhi Iron Ore & Manganese Block (185.1 MT reserve), Ganua Iron Ore Block (118.92 MT reserve) and Nuagaon Iron Ore Block (789 05 MT .

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

The Supreme Court rejected JSW Steel's resolution of BPSL under the corporate insolvency resolution process, ordering the liquidation of the debt-laden company

SBI, PNB: Should you buy or sell PSU bank stocks post JSW Steel SC order?

Technical charts indicate a likely mixed outlook for state-run banking shares. Bank of Baroda and IOB stocks seem to be favourably placed, while PNB and Canara Bank may witness downward pressure.

Where will JSW Steel stock bottom out? Check details here

Technically, the stock has near support at ₹ 960; below which the most important support level coincides with the key indicator on the weekly and monthly charts. Check key levels here