Archive · 27 Sep 2025
Supreme Court Approves JSW Steel's Bhushan Power Acquisition
The Supreme Court in India has given the green light for JSW Steel to buy Bhushan Power & Steel, a deal worth about $2.2 billion.
The court reversed an earlier decision that had stopped the sale.
This means JSW can continue to run Bhushan Power, which it acquired in 2021.
The court rejected requests for extra payments.
This decision is a relief for JSW, and is meant to support how bankruptcy laws are implemented.
The Supreme Court affirmed JSW Steel's acquisition of Bhushan Power & Steel.
The acquisition is valued at ₹19,700 crore ($2.2 billion).
The court rejected lenders' demands for additional payments from JSW.
JSW Steel completed the acquisition in 2021.
The ruling reversed an earlier decision rejecting the deal.
- Who
- JSW Steel, Supreme Court
- What
- Supreme Court upheld JSW Steel's acquisition of Bhushan Power & Steel
- When
- Recently
- Where
- India
- Why
- To uphold debt resolution and allow JSW to acquire BPSL
Lenders
JSW Steel
Additional Payments
Lenders
Sought more money.
JSW Steel
Rejected by the Supreme Court.
- Companies Involved
- JSW Steel, Bhushan Power & Steel (BPSL)
- Ruling
- Supreme Court upheld acquisition
- Acquisition Value
- ₹19,700 crore ($2.2 billion)
- Acquisition Year
- 2021
- Steel Capacity Increase
- 65%
Sources
Supreme Court approves JSW Steel's takeover of Bhushan Power; reverses May ruling
JSW Steel share price rises as SC upholds resolution plan for BPSL
Supreme Court reverses order, allows JSW Steel to acquire Bhushan Steel in Rs 20,000 cr deal
Supreme Court approves JSW Steel’s takeover of Bhushan Power and Steel
SC Approves JSW Steel's Takeover Of Bhushan Power And Steel
SC approves JSW Steel’s takeover of Bhushan Power and Steel
SC Clears JSW Steel’s Rs 20,000 Crore Bhushan Steel Acquisition Plan
SC reverses May verdict, clears JSW Steel’s Rs 19,000 Cr takeover of Bhushan Power & Steel
Supreme Court upholds NCLAT approval of JSW resolution plan for BPSL
SC upholds JSW Steel’s resolution plan for debt-ridden Bhushan Power and Steel Ltd
Earnings not defined in Resolution Plan belong to corporate debtor, clarifies SC
Earnings not defined in Resolution Plan belong to corporate debtor, clarifies SC
JSW’s takeover of Bhushan Power: Supreme Court’s reversal of its May decision, how it impacts ongoing IBC resolution plans
JSW Steel’s Rs 20,000-crore acquisition of BPSL gets nod
SC upholds JSW Steel's takeover plan for Bhushan Power and Steel
Supreme Court allows JSW Steel’s ₹19,700 crore Bhushan Power takeover to proceed - Telegraph India
