Bhushan Steel has reported results for second quarter ended September 30, 2018. The company has reported net profit at Rs 60.71 crore for the quarter under review as against net loss of Rs 467.37 crore for the same quarter in the previous year. Total income of the company increased by 36.57% at Rs 5,907.47 crore … Read more
Bhushan Steel has reported production of 1.05 MT in Q2 FY19 as against 0.85 MT in Q2 FY18. The sales was at 1.14 MT in Q2 FY19 as compared to 1.03 MT in Q2 FY18. The company has reported production of 2.09 MT in H1 FY19 as against 1.84 MT in H1 FY18. The company … Read more
Tata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets the RBI had referred for NCLT proceedings last year. “BNPL has successfully completed the acquisition of controlling stake of 72.65 percent in BSL in accordance with the approved … Read more