Page 8 - Jsw Steel

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

JSW Steel up 4% after NGT clears alleged non-compliance case at Dolvi Plant

NGT has directed completion of the voluntary environment protection and restoration measures, being undertaken by the company through planation etc, and also by way of CSR activities, within a period

JSW Steel to invest ₹50,000 cr for 10 MTPA green steel for Europe

JSW Steel will be investing over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday. "We will be investing Rs 50,000-60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event here. He said this will be a brownfield investment at its plant in Raigad district's Salav and the investment will happen over the next three-four years. In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA in phases. The investment is necessitated because of a European mandate on green steel, and Jindal said the 10 MTPA capacity will emit a fifth of the carbon as used by conventional plants currently. Jindal also said that China and Vietnam are trying to dump steel into India, and expected the "vigilant" Government to slap safeguard duties to protect domestic steel makers like his company in a few days. Denying notions of

Metal index jumps over 4%; Hindalco, JSW, Lloyds,Tata Steel rally up to 7%

The US government has suspended 26 per cent reciprocal tariffs for India till July 9, 2025; however, the base tariff of 10 per cent will continue to be enforced

JSL Super Steel signs a deal with Sunsure energy to cut carbon emissions

The company has signed an agreement with Sunsure Energy to get 11 megawatts of solar power for its plant in Uttar Pradesh

JSW Steel, Tata Steel log record Q4 FY25 output on capacity boost

During Q4FY25, Tata Steel's India deliveries at 5.6 million tonnes were up 3.3 per cent year-on-year from 5.42 million tonnes in Q4FY24