 "How insolvency is reshaping steel")
JSW Steel, which has successfully bid for the stressed assets of Bhushan Power and Steel (BPSL), hopes to take over the operations of the company by the end of this month.
“Committee of Creditors (CoC) has cleared our bid for acquisition of BPSL. We are waiting for the National Company Law Tribunal (NCLT) to approve the resolution plan. Our team is ready. Hopefully, we will take over the operations of the company by the end of this month,” said Sajjan Jindal, chairman, JSW Steel.
Sources said a small team of JSW was already at BPSL to
“Committee of Creditors (CoC) has cleared our bid for acquisition of BPSL. We are waiting for the National Company Law Tribunal (NCLT) to approve the resolution plan. Our team is ready. Hopefully, we will take over the operations of the company by the end of this month,” said Sajjan Jindal, chairman, JSW Steel.
Sources said a small team of JSW was already at BPSL to
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