JSW Steel ’s decision to sell 50% stake in Bhushan Power to Japanese conglomerate JFE is set to sharply strengthen the company’s balance sheet through one of its biggest deleveraging moves in recent years. Jayant Acharya, Joint MD & CEO of JSW Steel, said the transaction will lead to about ₹37,000 crore of net deleveraging, which directly reduces financial risk, lowers interest costs and improves the company’s ability to fund future growth.

“Around ₹37,000 crore will be used to deleverage,” Acharya said, underlining why the deal is being seen as transformational for the company just months after receiving relief from the Supreme Court.

Acharya said JSW Steel’s net debt stood at about ₹79,200 crore as of September 30, and this will fall sharply after the deal as about ₹5,000 crore of deb

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