JSW Steel Faces No Competition for BPSL as Tatas Not to Revise Bid
JSW Steel, which came from behind to surge ahead of the Tatas in the race for Bhushan Power and Steel Ltd (BPSL) with an offer of
.₹ 19,700 crore, is unlikely to face competition in its bid to acquire the stressed asset with the Tatas unwilling to up their original offer. “We will stay with our original bid. It is our stated position,” said a spokesperson for Tata Steel.