Page 6 - Jsw Steel

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

Best of BS Opinion: Of arbitration, agreements, and artificial intelligence

Our opinion page today makes a strong argument for better management of the arbitration process, as well as the precedent that the Supreme Court's judgement sets

BPSL liquidation: SC setback may be a minor bump as JSW expands capacity

Loss of BPSL could trim JSW Steel's total steel production capacity by 12%

Resolution rejected: SC verdict on Bhushan Power & Steel raises questions

The order is a blow to lenders. As experts have told this newspaper, lenders will have to return the recovery received through the resolution process

Top steelmakers likely to rebid for distressed Bhushan Power & Steel assets

SC's order to liquidate Bhushan Power may prompt renewed interest from top steel companies, but investor concerns grow over reversals of long-settled IBC deals

SC ruling on BPSL resolution may reset IBC process as JSW plans review plea

"No prudent resolution applicant would submit a plan if there remains a lingering fear that some state authority might overturn it decades later", says Former IBBI chairperson M S Sahoo

Supreme Court scraps IBC buyout of Bhushan Power & Steel by JSW Steel

Supreme Court terms JSW Steel's Bhushan Power resolution plan illegal and orders liquidation, criticising CoC, NCLT, and the resolution professional

Banks stare at Bhushan Power & Steel again after SC liquidation order

Lenders may need to reverse recoveries from JSW's resolution plan for Bhushan Power & Steel as Supreme Court orders liquidation, triggering fresh provisioning concerns

SC's JSW Steel decision a blow to insolvency process, say experts

The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision

JSW Steel to decide next steps on Bhushan Steel after reviewing SC order

JSW Steel on Friday said it will review the Supreme Court order rejecting the company's resolution plan to take over Bhushan Steel and decide on future course of action. Earlier in the day, the Supreme Court set aside the resolution plan submitted by JSW Steel for Bhushan Steel and Power Ltd (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC). "We learnt that the Hon'ble Supreme Court pronounced Judgment today i.e 02-05-2025 rejecting the resolution plan submitted by the company and approved by NCLAT, on certain grounds. We are yet to receive the formal copy of the Order to understand the grounds for rejection in detail and its implications," the company said in a filing to the BSE. "Once we receive the order and are able to review the same along with our legal advisors, we will decide on our further course of action," the company added. The Supreme Court bench comprising Justice Bela M Trivedi and Justice Satish Chandra Sharma ordered the ...

SC scraps JSW Steel's Bhushan Power & Steel resolution, orders liquidation

Shares of JSW Steel fell 5% on Friday after the Supreme Court rejected its resolution plan, calling it 'illegal'

JSW Steel likely facing hurdles in coking coal imports from Mongolia

The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was looking to bring in 75,000 metric tons