BPSL Issue a One-Off, Will Look at Opportunities on Merit

JSW Steel's performance in Q4FY25 reflects an improved pricing environment and increased volumes. In an audio interview, JSW Steel Joint Managing Director and Chief Executive Officer Jayant Acharya tells Ishita Ayan Dutt that the company is on track with its expansion plans and will look at acquisition opportunities that make strategic sense. Edited excerpts:

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The acquisition of Bhushan Power and Steel Ltd (BPSL) has seen many twists and turns. There was attachment of assets by the Enforcement Directorate and finally the Supreme Court order rejecting your resolution plan and ordering liquidation. As an investor, would this deter you from bidding for IBC assets?

This is probably a one-off. We will look at each asset on merit and then take a view as to what it holds for us strategically and structurally. Also, we have many opportunities within, for expansion. We will certainly pursue those. But if there were to be a compelling opportunity, we can always look at it.

You have filed an appeal against the SC order in BPSL. On what grounds?