JSW Steel Ltd.

JSW Steel has paid Rs 19,350 crore to the financial creditors of Bhushan Power & Steel towards implementation of the resolution plan for acquiring the company. With the move, the company has closed the acquisition of Bhushan Power & Steel (BPSL).

Pursuant to the implementation of resolution plan, the inter-alia included payment of Rs 19,350 crore to the financial creditors of BPSL and merger of SPV with BPSL, PSL (Piombino Steel) holds 100 per cent equity shares in BPSL.

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.