JSW Steel Ltd.

The National Company Law Appellate Tribunal (NCLAT) has allowed JSW Steel to acquire Bhushan Power & Steel (BPSL) for Rs 19,700 crore by providing it immunity from prosecution.

As per the bench, the EDITDA earned by BPSL during its Corporate Insolvency resolution period will be given to JSW Steel.

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.