Bhushan Steel Ltd (BSSL.NS)
21 Jun 2018
Latest Key Developments (Source: Significant Developments)
May 17 (Reuters) - :TATA STEEL LTD PREPARING A 115 BILLION RUPEE ($1.7 BILLION) LOAN TO HELP FUND ITS PURCHASE OF ASSETS FROM BHUSHAN STEEL LTD - BLOOMBERG, CITING SOURCES. Full Article
May 16 (Reuters) - Tata Steel Ltd Executive Director and CFO Koushik Chatterjee::EXEC SAYS HOPE TO ACHIEVE 100 PERCENT RAMP UP OF BHUSHAN PLANT IN NEXT COUPLE OF YEARS.TATA STEEL EXEC SAYS THERE IS POTENTIAL TO TAKE CAPACITY OF BHUSHAN STEEL PLANT FROM 5 TO 8 MILLION TONNES.TATA STEEL EXEC SAYS BHUSHAN POWER'S COMMITTEE OF CREDITORS HAS NOT SAID ANYTHING TO CO.TATA STEEL EXEC SAYS CAPEX FOR CURRENT FY WILL BE AROUND OR OVER 80 BILLION RUPEES. Full Article
India's Tata Steel Ltd said on Friday it had completed the acquisition of a 72.7 percent stake in Bhushan Steel Ltd, which was in bankruptcy court over unpaid loans.