JSW Bhushan Power & Steel Limited (JSW BPSL)[1] formerly known as Bhushan Power & Steel Limited is a steel company that is engaged in the manufacturing and marketing of steel products. It was established in 1970. In July 2019, BPSL was allegedly involved in fraud worth ₹3805.15 crore rupees (US$535.23 million),[2] as detected by Punjab National Bank.[3][4] It is one of India's most indebted companies and appears among the 12 companies referred by the Reserve Bank of India (RBI) to a bankruptcy court for the purpose of debt resolution.[5][6]