Bhushan Power And Steel

The NCLAT had allowed JSW Steel to acquire BPSL for Rs 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate.

JSW Steel: Is it a good time to buy this steel major?

Investors need to watch out for volume off-take for JSW Steel

JSW Steel: Higher cost push likely to impact performance in the short term

JSW to benefit from higher volumes, with Dolvi expansion going on stream; investors need to watch out for raw material cost push

JSW’s Bhushan Power & Steel deal closure coincides with healthy steel margins

The long awaited acquisition is close to being completed. What it means for JSW’s investors

Banks to SC: JSW Steel misusing ED probe in Bhushan Power to avoid executing Rs 19,700 crore resolution plan

The ED application filed states that JSW Steel should be held liable for misdeeds of old promoters

Bank loan fraud: ED arrests former Bhushan Steel CMD Sanjay Singhal

According to ED officials, Singhal was arrested under the Prevention of Money Laundering Act (PMLA) after he was questioned for several hours in the evening in connection with the case.

NCLAT asks ED, MCA to reach consensus on BPSL assets

The Enforcement Directorate (ED) and the Corporate Affairs Ministry (MCA) have locked horns over the attachment of assets of the debt-ridden company by the agency over charges of siphoning of funds by erstwhile Bhushan Power and Steel (BPSL) promoters.

NCLAT asks ED, MCA to reach consensus on Bhushan Power and Steel assets

A three-member bench headed by Chairperson Justice S J Mukhopadhaya said there was no question of amendment of laws, and both the wings of the central government should settle the issue.

Allahabad Bank reports Rs 1,774 crore fraud by Bhushan Power and Steel

Bhushan Power & Steel defaulted on Rs 47,700 crore worth of loans in 2017 and was one of the 12 cases referred for resolution under Insolvency and Bankruptcy Code.

First Cut | How costly is JSW Steel’s acquisition of Bhushan Power & Steel's assets?

While the details are not yet available, the deal would also be looked from the perspective of immediate scalability, working capital, synergy benefits and adjoining land bank

Liberty House gets backing from banks on Bhushan Power & Steel bid

Earlier this week, lenders had favoured Tata Steel’s bids citing ‘lack of commitment’ for Liberty’s bid

Liberty House appeal to NCLT to be heard today

The company is appealing against the rejection of its bid for Bhushan Power & Steel

Bhushan Power bid: Liberty House plans to move NCLT this week

Stating that the bid of Liberty House was submitted before the bids for Bhushan Power and Steel were opened, the company said that nothing unfair has happened.

Creditors reject Liberty House bid for Bhushan Power and Steel

Bhushan Steel and Power was among the 12 non-performing accounts referred by the Reserve Bank of India for National Company Law Tribunal (NCLT) proceedings.

CCEA defers issue of pvt cos' coal blocks allocation

The Cabinet Committee on Economic Affairs today did not take up the issue of 61 coal blocks allotted to private companies such as Tata Steel, JSPL and Hindalco, which have been unable to develop the mines within the stipulated timeframe.

Bhushan Power buys 12% in Nova Iron, says more on cards

Bhushan Power and Steel has bought 12% stake in Nova Iron and the company now intends to make an open offer for it in the long-term, chairman and managing director Sanjay Singhal confirmed. "We have paid approximately Rs 12 per share," he added.