Bhushan Power race on

Bhushan Power race on

Bids for Bhushan Power & Steel Ltd (BPSL) may top Rs 21,000 crore as JSW Steel, Tata Steel and Liberty House of the UK are all set to make an aggressive pitch to acquire the company under the bankruptcy process.

Revised JSW offer cheers Bhushan Power lenders

Revised JSW offer cheers Bhushan Power lenders

JSW Steel’s decision to make a revised offer has cheered lenders who are hoping that they will see lower haircuts while resolving the Bhushan Power and Steel case, the company that is facing bankruptcy proceedings.

JSW Steel restarts coking coal mining in US

JSW Steel restarts coking coal mining in US

Business Line reported tat JSW Steel has restarted coking coal mining in the US after a gap of almost three years. Operations in the mines located in West Virginia were suspended after coking coal prices dropped below production cost.

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