India's JSW gets capacity, rating boost after BPSL acquisition

Indian steelmaker JSW has become the country's largest producer following its recent acquisition of Bhushan Power and & Steel Ltd (BPSL).

BPSL is an integrated steelmaker with facilities located in Chandigarh, Kolkata and Odisha. It has a steelmaking capacity of 2.75 million tonnes per year and is mostly engaged in the production of flat steel, including hot-rolled coil.
JSW Steel said on Friday March 26 it would pay 193.50 billion rupees ($2.64 billion) to BPSL's creditors to complete the deal.

The sale brings to an end a long and drawn-out insolvency procedure for BPSL,...

Published

Lee Allen

March 31, 2021

11:15 GMT

Singapore