मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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JSW Steel: Won't lose out after scrapping of Bhushan Steel deal
Mint Mumbai
|May 24, 2025
JSW Steel Ltd expects to be compensated adequately if Bhushan Power & Steel Ltd (BPSL) goes into liquidation after the Supreme Court scrapped its resolution plan for the bankrupt company.
JSW Steel Ltd expects to be compensated adequately if Bhushan Power & Steel Ltd (BPSL) goes into liquidation after the Supreme Court scrapped its resolution plan for the bankrupt company. The steelmaker said its agreement with the erstwhile creditors of BPSL entitled it to compensation covering the value of the assets on its balance sheet in case of liquidation. JSW Steel acquired BPSL through the bankruptcy court in March 2021.
JSW Steel held net assets worth ₹14,091 crore related to BPSL on its consolidated balance sheet as of 31 March. The company also said it had strong grounds for availing legal recourse after the Supreme Court on 2 May rejected its resolution plan and acquisition of BPSL.
JSW Steel's consolidated earnings for 2024-25, which were disclosed on Friday, included the financials of Bhushan Power.
यह कहानी Mint Mumbai के May 24, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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