New Delhi, May 7 -- The Supreme Court ruling quashing Bhushan Power & Steel's (BPSL) resolution plan has upended JSW Steel's Rs.19,000 crore acquisition. Mint explains the recovery options-from a Supreme Court review to potential government intervention.

The Supreme Court ruling invalidating JSW Steel's Rs.19,700 crore acquisition of BPSL is a major blow to its growth ambitions, especially its 2030 target of achieving 50 million tonnes (mt) of steel capacity. JSW paid Rs.19,350 crore to settle BPSL's creditors. BPSL's Odisha Jharsuguda plant contributed 13% to JSW's total production and around 10-11% of Ebitda (earnings before interest, taxes, depreciation and amortization). Analysts say losing the asset could slash JSW's FY26 Ebitda by ...