{"id":234122,"date":"2019-02-14T06:00:46","date_gmt":"2019-02-14T06:00:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=234122"},"modified":"2019-02-14T06:00:46","modified_gmt":"2019-02-14T06:00:46","slug":"jsw-steel-declared-winning-bidder-bhushan-power-and-steel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jsw-steel-declared-winning-bidder-bhushan-power-and-steel\/","title":{"rendered":"JSW Steel declared winning bidder Bhushan Power and Steel"},"content":{"rendered":"<p>Mumbai: The committee of creditors of Bhushan Power and Steel Ltd have issued a letter of intent to India&#8217;s largest private steelmaker JSW Steel Ltd, thus approving the latter&#8217;s resolution plan for the distressed steel mill. JSW Steel will now pay Rs19,700 crore in upfront cash to Bhushan Power and Steel&#8217;s lenders and infuse \u20b9350 crore in the steelmaker to revive it.<\/p>\n<p>Bhushan Power and Steel is the second insolvent firm acquired by Sajjan Jindal-led JSW Steel after Monnet Ispat and Energy Ltd last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The committee of creditors of Bhushan Power and Steel Ltd have issued a letter of intent to India&#8217;s largest private steelmaker JSW Steel Ltd, thus approving the latter&#8217;s resolution plan for the distressed steel mill. JSW Steel will now pay Rs19,700 crore in upfront cash to Bhushan Power and Steel&#8217;s lenders and infuse \u20b9350 crore in the steelmaker to revive it. Bhushan Power and Steel is the second insolvent firm acquired by Sajjan Jindal-led JSW Steel after Monnet Ispat and Energy Ltd last year.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-234122","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=234122"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234122\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=234122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=234122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=234122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}