JSW Steel is confident of completing the Bhushan Power and Steel acquisition even in the current state of economy ravaged by Covid, if the Supreme Court gives its approval.
Sajjan Jindal, Chairman, JSW Group, told BusinessLine that JSW Steel remains committed to the acquisition and will be able to proceed with fulfilling the requirements of the transaction on receipt of all appropriate clearances.
Steel demand has turned upside-down in last two years since JSW Steel first placed its ₹19,700 crore bid for the bankrupt Bhushan Power, and it plunged further after the outbreak of Covid pandemic.
