MoneyWorks4Me

JSW Steel gets LoI for Bhushan Power and Steel acquisition

13 Feb 2019 Evaluate

JSW Steel has received a Letter of Intent (LoI) from the Insolvency Resolution Professional (IRP) of Bhushan Power and Steel, declaring it the highest bidder for the stressed asset.

Once the company accepts the LoI, the IRP, in consultation with the Committee of Creditors (CoC), will place the resolution plan before the NCLT for final approval. The entire process is expected to be completed by the first week of April.

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.

JSW Steel Share Price

1294.85 -5.65 (-0.43%)
09-Sep-2026 10:13 View Price Chart
Peers
Company Name CMP
Tata Steel 184.45
JSW Steel 1294.85
Steel Authority 185.95
Jindal Stainless 734.95
APL Apollo Tubes 2174.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: