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Bhushan Steel enters into sale, lease back arrangements of its Oxygen plants

28 Feb 2015 Evaluate

Bhushan Steel has entered into sale & lease back arrangements of its Oxygen plants situated at company’s Steel Division, Meramandali Orissa. The company has taken this step in order to ease out constantly facing stress in Cash flow.

Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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