SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bhushan Steel gains on talks with banks for debt restructuring

23 Mar 2015 Evaluate

Bhushan Steel is currently trading at Rs. 78.00, up by 0.05 points or 0.06% from its previous closing of Rs. 77.95 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.80 and Rs. 77.90 respectively. So far 5,869 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 470.05 on 16-May-2014 and a 52 week low of Rs. 77.50 on 20-Mar-2015.

Last one week high and low of the scrip stood at Rs. 87.20 and Rs. 77.50 respectively. The current market cap of the company is Rs. 1,766.00 crore.

The promoters holding in the company stood at 62.95% while Institutions and Non-Institutions held 5.74% and 31.31% respectively.

Bhushan Steel is in talks with banks for restructuring of debt to the tune of $3.7 billion (about Rs 23,000 crore). A consortium of bankers led by Punjab National Bank (PNB) has a total exposure of about Rs 40,000 crore in the company.

Besides PNB, the other banks include State Bank of India, Canara Bank, Bank of India and Dena Bank. An extension of maturity will help banks in making lower provision for the loan given to the debt - ridden steel manufacturer.

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).



Tata Steel BSL Share Price

85.55 0.00 (0.00%)
12-Nov-2021 18:01 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×