JSW approached the Supreme Court after BPSL’s former promoter, Sanjay Singhal, requested the NCLT to initiate liquidation proceedings and appoint a liquidator.
Bhushan Power and Steel, one of the 12 major non-performing assets (NPAs) flagged by the Reserve Bank of India, was referred for resolution under the IBC in 2017.
JSW Steel reported a consolidated net profit of ₹3,491 crore for FY25, with revenue from operations standing at ₹1,68,824 crore. In the January–March quarter, JSW Steel’s revenue stood at ₹44,819 crore, while net profit came in at ₹1,501 crore. JSW Steel’s capacity utilisation for India operations reached 93% in the fourth quarter, driven by ramp-ups at the JSW Vijayanagar Metallics Ltd and Bhushan Power &…
