Bhushan Steel, a processed steelmaker has deferred its plan to raise Rs 5,200 crore and to build a new plant. The company has cited the weak financial markets and problems related to acquiring land in West Bengal as the reason for shelving its plan.
The company expects to maintain a 25% margin and increase sales this year as costs for inputs such as coking coal and iron ore has eased.
Bhushan Steel (BSL), earlier known as Bhushan Steel & Strips is a globally renowned company and is one of the leading prominent player in Steel Industry. Backed by more than two decades, of experience in Steel making, Bhushan Steel is now India’s 3rd largest Secondary Steel Producer company with an existing steel production capacity of 2 million tonnes per annum.
