Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
SC cancels JSW Steel’s ₹19,700 Cr BPSL acquisition deal.
Expected EBITDA dent of ₹4,500 Cr for JSW Steel.
Government working on policy response to safeguard industry interests.
The recent Supreme Court verdict rejecting JSW Steel’s resolution plan for Bhushan Power & Steel Ltd. (BPSL) is set to have significant financial implications for the steel major. The apex court’s decision has effectively halted JSW Steel’s long-awaited ₹19,700 crore acquisition of BPSL, a deal that had been under litigation since 2019.
According to industry experts, this ruling could dent JSW Steel’s production capacity plans and profitability estimates for FY2025-26. The company was banking on BPSL’s assets to strengthen its product mix and expand market presence, especially in the Eastern India region.
Analysts predict a potential 10-15% impact on production capacity growth and a ₹4,500 crore dent in JSW’s estimated EBITDA due to this setback. Moreover, operational synergies and debt restructuring advantages expected from the acquisition will now remain unrealised.
Meanwhile, the government is reportedly finalising an appropriate response and policy roadmap following the court’s judgement to safeguard the interests of creditors, employees, and industry stakeholders.
Also Read : Jindal SAW Q1 Profit Slips 4% Amid Rising Costs South Korea to Minimise Impact of 50% Tariff on Steel Products
The production of steel dropped in four out of the seven the primary steel provinces in China betwee...
China 29-May-2024
Canada’s coal industry is urging the federal government to classify metallurgical coal a...
Asia 06-Mar-2026
The Amara Raja Group's Amara Raja Infra Private Limited (ARIPL) has declared that it has entered the...
Mid Corporate 22-Apr-2024
Net profit up 15% YoY to ₹142 Cr Revenue rises 9% to ₹1,075 Cr EBITDA margin improves to 2...
Business 27-May-2025
GPS Renewables has secured $50 million (₹411.50 crore) in debt financing from a consortium of major...
Renewables 16-Apr-2024
John Cockerill Secures ₹800 Million Order from Tata Steel for Jamshedpur Tinplate Division Jo...
Large Corporate 18-Sep-2025