The wait is finally over for JSW Steel to acquire Bhushan Power and Steel Ltd (BPSL) as NCLT (National Company Law Tribunal) has finally given a go-ahead to the former’s bid of INR 19,700 crore for BPSL.
News ID: 6387 Publish Date : 2019/09/05
India’s steel giant, JSW Steel has moved a step closer to acquire debt-ridden Asian Colour Coated Ispat Ltd (ACCIL) that was referred to the insolvency court by RBI in July last year. As per the latest updates, the company’s bid has received approval from 80% of the lenders, the voting for which was done on Friday.
News ID: 4976 Publish Date : 2019/07/02
Bhushan Power & Steel - a major integrated steel maker with a capacity of 3.5 MnT has recorded iron ore sourcing at 0.22 MnT in Jan'19. The sourcing witnessed drop of 32% on monthly basis as against 0.33 MnT a month ago.
News ID: 3962 Publish Date : 2019/03/11
China's state-controlled Hesteel group has taken a 70pc stake in Indian producer Tata Steel's southeast Asian steel business for $327mn.
News ID: 3459 Publish Date : 2019/01/28
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