Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
JSW Steel is planning a partial stake sale in Bhushan Power & Steel Ltd (BPSL) after receiving relief from the Supreme Court, which upheld JSW’s ownership under the insolvency resolution process.
The Supreme Court’s decision provided long-awaited clarity on BPSL’s legal status, paving the way for JSW to explore strategic partnerships and monetisation options. Industry sources indicate that JSW may sell a minority stake to a foreign steel major to strengthen technology collaboration and enhance product capabilities.
BPSL operates a 3.5 million tonnes per annum (MTPA) integrated steel plant in Jharsuguda, Odisha, producing hot rolled coils, cold rolled sheets, and other flat products used in automotive and construction sectors.
The proposed divestment is part of JSW’s broader plan to optimize its portfolio, reduce debt, and accelerate investment in high-grade and green steel production.
While discussions are at a preliminary stage, any transaction will be subject to regulatory and board approvals.
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