JSW Steel plans to amalgamate with subsidiary JSW Ispat Special Products (JISPL) by the end of the current fiscal year ending 31 March 2023 (FY23), JSW informs in an exchange filing.
This amalgamation follows JSW’s acquisition of Bhushan Power & Steel (BPSL) in 2021. “The acquisition of BPSL was a good strategic decision, which is evident from the Ebitda generation of INR 6,423 crore [$807.96m] this year by BPSL,” says JSW chairman and managi…
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