JSW Steel offers Rs 19,700 crore for debt-laden BPSL

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

17 Aug 2018 Evaluate

JSW Steel has submitted a resolution plan of Rs 19,700 crore to the committee of creditors of debt-laden Bhushan Power and Steel (BPSL). The entire amount is upfront amount.

Besides JSW Steel, Tata Steel and Liberty House have also submitted bids to acquire the special steel maker Bhushan Power and Steel, which is under the insolvency process. Bhushan Power and Steel owes about Rs 45,000 crore to its lenders.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers

Company Name	CMP
JSW Steel	1230.00
Tata Steel	183.40
Steel Authority	173.15
Jindal Stainless	724.60
APL Apollo Tubes	2115.85
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