InvestorQ : How will the Bhushan Power acquisition impact the business of JSW Steel?
Dia Deshpande made post

How will the Bhushan Power acquisition impact the business of JSW Steel?

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swati Bakhda answered.
3 weeks ago
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One of the positive developments in the last few days was that the NCLT approved the sale of Bhushan Power to JSW Steel. This had been in the dock for some time now. Due to the acquisition of Bhushan Power and Steel from NCLT, JSW Steel hopes that it can achieve its target of 45 million TPA capacity well before its target date of 2030. Bhushan Power and Steel gives JSW Steel a big opening into the eastern region of India.

JSW Steel, it may be recollected, had acquired Bhushan Power and Steel under the provisions of Insolvency Bankruptcy Code, 2016. For JSW Steel, the deal helps the group makes its first major foray into the lucrative Eastern region, with its access and proximity to some of the largest mining deposits in India. The Eastern region of India has long been the centre of steel production and this was the one area that JSW was not present in.

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