The Supreme Court of India approved the acquisition by JSW Steel limited BHUSHAN Power and Steel (BPSL) for $ 2.3 billion, abolishing the previously adopted decision to block the transaction. The decision of the Supreme Court, made on Friday, September 26, is considered as a serious incentive for the trust of investors under the Code of Insolvency and Bankruptcy of the country (IBC).
BPSL
Court of 2025 in May 2025. He rejected the absorption of JSW, almost six years after the settlement plan was first approved in accordance with the IBC. This decision concerned investors and questioned confidence in bankruptcy reform in India. After that, JSW Steel filed a revision of revision, urging the court to revise the decision.
In its last verdict, the Supreme Court recognized significant JSW investments in the modernization of BPSL and noted that the absorption defended thousands of jobs, ensuring the continuity of the company as a “acting Enterprises ".
The value for the Indian steel sectorBPSL controls a fully integrated steel factory with a capacity of 3 million tons per year producing cast iron, DRI, harvesting, hot -cloth rolls, hot -rolons, hot -closed rails Cold roll rolls, GP/GC sheets, precision pipes, black and galvanized pipes, cable tapes, TMT rods and doped rolos.
Analysts say that the green light of the Supreme Court for JSW Steel does not only revive a critical steel asset, but also strengthens confidence to the bankruptcy Code of India, encouraging global investors
