JSW Steel Hits Debt Goal, CEO Jayant Acharya Reveals India's Huge Steel Demand Plan | NDTV Profit

It's a very welcome order. The honorable Supreme Court has given a very clear ruling rejecting the appeals which were placed before the court. They have reaffirmed that and upheld the NCLAT 21 order approving the resolution plan. They have also acknowledged that the company has improved post our takeover in terms of employment, in terms of expansions, etc., which has been a big positive for the ecosystem in that area at large. We very much welcome this order because we were also of the view that we have really contributed to this asset and have brought it around, and this is a very welcome ruling from the Supreme Court.

Yeah. So implication is the resolution plan has been approved. So we are going ahead with business as usual. No impact on the financials, no refunds required, etc., whatever was there in the earlier order.

So we are on track for meeting our guidance. Just to give you a little bit of a backdrop, you would have seen our quarter 2 results have been driven by higher volumes on the back of good demand in India as well as ramp up of our JVML operations. Dolvi and BPSL also doing quite well. So you will see the full impact of the JVML capacity coming in in the second half. We have however also taken a shutdown of one of our blast furnaces at Vijayanagar for augmenting the capacity by 1.5 million tons, and there will be some incremental other capacities which we would debottleneck. So we expect to add about 2 million tons which would come towards the end of this financial year. So second half from the current assets we will be able to generate good volume. So I'll say we'll meet our guidance because of this particular shutdown period which is there till February. From a business environment point of view, the second half is seasonally a better half, and therefore the demand drivers will also be positive.