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BHUSHAN STEEL AND POWER
JSW Steel crude steel production rises 15% to 22.93 LTJSW Steel reported a significant 15 percent jump in crude steel production for May. The company produced 22.93 lakh tonnes, a notable incre...- Buy, Sell or Hold: Elara Capital maintains a buy rating on Oil India; Goldman Sachs retains a buy rating on JSW SteelBrokerage firms are optimistic about specific market segments. Strong earnings, supportive policies, and better balance sheets are driving ...
- SC scraps JSW Steel’s ‘illegal’ Bhushan Power and Steel deal, orders liquidationThe Supreme Court has nullified JSW Steel's resolution plan for Bhushan Power and Steel Ltd, deeming it illegal and ordering liquidation. J...
- JSW Steel set to acquire Bhushan PowerJSW Steel had made a Rs 19,650-crore offer, which included upfront payment of Rs 19,300 crore.
- Bhushan Steel ex-promoter's challenge to SFIO's arrest powers not frivolous: High CourtAdditional Solicitor General (ASG) Maninder Acharya termed the alleged offence as "economic terrorism", saying siphoning off Rs 2,000 crore...
- Tata Steel joins race for Usha Martin with a Rs. 6,000 crore offerTata steel will lock horns for the procurement of the plant with JSW steel which has reportedly offered Rs. 5,500 crore.
- After Bhushan Steel, Tata Steel is in the running for Bhushan PowerPromoters find it difficult to lose an asset that they had created but Tata Steel followed due process
- Tata Steel moves NCLAT against ruling allowing Liberty House to bid for Bhushan PowerLiberty House submitted a bid for Bhushan Power & Steel on February 20, well past the deadline for making binding offers for the company.
- Tata Sons sells 1.48% in TCS for Rs 8,127 crore; may use some funds to retire debtsTata Sons could also fund group companies such as Tata Steel, which is looking to purchase two steel firms — Bhushan Steel and Bhushan Stee...
- Bhushan Power creditors to announce highest bidder next week"The Committee of Creditors (CoC) will meet on March 14 to evaluate the criteria and declare the H1 bidder for Bhushan Power and Steel," a ...
- Lenders accept Tata Steel bid for Bhushan Power, to hold talksBhushan Power owes about ₹49,200 crore to the lenders.
- Creditors reject Liberty House bid for Bhushan Power and SteelRace for the takeover of the bankrupt firm to now be between Tata Steel and JSW steel; bids from the two interested entities were disclosed...
- Bhushan Steel surges 20% after Tata Steel's highest bidThe scrip jumped 19.93 per cent to Rs 53.85 on Monday.
- Tata Steel frontrunner to acquire Bhushan Power with Rs 24,500 crore offerTata Steel’s offer includes an upfront payment to lenders of Rs 17,000 cr, a cash infusion in the company of Rs 7000 cr to meet working cap...
- Bhushan Steel, BSPL's resolution professionals to meet creditors tomorrowOfficials would be evaluating bids submitted by interested parties and a final decision on the two debt-laden firms is likely to be taken b...
- Bhushan Steel, Bhushan Power face insolvency actionSince the plea has been admitted by the NCLT, there is a 180-day timeline to decide on a resolution plan in accordance with the Insolvency ...
- Bhushan Steel, BSPL case: NCLT nod for insolvency proceedingsNCLT has appointed Vijay Kumar V Iyer as an IRP for Bhushan Steel Ltd and Mahender Kumar Khandewal for Bhushan Steel & Power Ltd.
- NCLT reserves order on Bhushan Steel bankruptcy petitionA bench headed by Justice MM Kumar also reserved order on the plea filed by Punjab National Bank (PNB) against Bhushan Steel & Power Ltd.
- Bhushan Steel, Monnet Ispat revive takeover bids to acquire Orissa SpongeTwo Delhi-based steelmakers - Bhushan Steel & Power and Monnet Ispat & Energy - have indicated their intention to acquire up to 20% in Oris...
- Bhushan Steel gets nod to go ahead with open offer for Orissa SpongeThe fight for ownership of the resources-rich Orissa Sponge Iron & Steel which was stuck in a legal dispute could get more intense, with ma...
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