Banks to evaluate offers for Bhushan Steel & Bhushan Power this week: Sources

It's a crucial week for the banks as resolution plans for two of the largest assets under the insolvency proceedings with a total debt of over Rs 1 lakh crore are set to be evaluated.

CNBC-TV18's Ritu Singh reports that after Bhushan Steel, Tata Steel has once again piped JSW Steel to emerge as the highest bidder for Bhushan Power.

Also watch accompanying video of Sajjan Jindal confirming CNBC-TV18’s newsbreak on losing Bhushan Steel bid to Tata Group. Speaking to Archana Shukla he adds that they are still looking at other steel assets.