The company’s USD 2.3 billion acquisition of Bhushan Power and Steel (BPSL showcases JSW Steel’s commitment to substantial investments in modernizing BPSL and is expected to boost its investor confidence.
Oct 03, 2025
The Supreme Court has approved JSW Steel’s USD 2.3 billion acquisition of Bhushan Power and Steel (BPSL), in a reversal of its earlier decision that had blocked the deal.
The ruling showcases JSW Steel’s commitment to substantial investments in modernizing BPSL and is expected to boost its investor confidence. It also highlighted that the acquisition saved thousands of jobs by keeping the company operational.
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The approval secures a major 3-million-ton steel plant for JSW. This is a crucial move for resolving a key distressed asset and could attract more global investment into the sector.
