Company Profile For Bhushan Steel Ltd

Bhushan Steel Ltd (BSSL.BO) (Bombay Stock Exchange)

sector: Basic Materials · industry: Steel ·

As of 24 Nov 2009

1,330.95INR

Price Change

-20.95

Percent Change

-1.55%

Analyst Recommendations

Overview

Bhushan Steel Limited is an India-based company. The Company is engaged in steel business. The Company’s products include corrugated coated with zinc cold rolled products of iron or non alloy steel of a width of 600 millimeter or more, flat coated with zinc cold rolled products of iron or non alloy steel of a width of 600 millimeter or more and flat cold rolled products of iron or non alloy steel of a width of 600 millimeter or more of a thickness of less than 0.5 millimeter. The Company has three manufacturing units in the state of Uttar Pradesh (Sahibabad Unit), Maharashtra (Khopoli unit), and Orissa Plant (Meramandali unit). The Company’s wholly owned subsidiaries are Bhushan Steel (Australia) Pty Ltd and Bhushan Steel Global FZE.

Quick Financial Synopsis

BRIEF: For the three months ended 30 June 2009, Bhushan Steel Ltd.'s revenues increased 1% to RS13.37B. Net income rose 30% to RS1.72B. Revenues reflect an increase in income from domestic sales, other income and a decrease in excise duty. Net income also reflects decrease in consumption of raw materials, a lower other expenditure and a decrease in interest & financial charges. The Company is engaged in the steel business.